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A STUDY OF THE CAUSES LEADING TO THE LIQUIDATION OF AGRICULTURAL ENTERPRISES AgEcon
Kotorman, Annamaria.
The viability of agricultural enterprises is of paramount importance. Their liquidation has harmful effects on broad strata of society. The aim of my research is therefore to analyze the leading causes of liquidation of agricultural enterprises. The research was led on 17 agricultural enterprises. This may help in the prevention and treatment of their insolvency. The research results show that a long-term agricultural production is not sustainable with a low equity capital. For the long-term maintenance it is necessary that the investors establish the enterprise with a capital according to the type of the production. The loan can not replace the entrepreneurs own resources, it is only complementary to it. The owners of agricultural businesses should strive...
Tipo: Journal Article Palavras-chave: Agricultural enterprises; Liquidation; Capital lost; Risk; Crisis management; Agribusiness; Agricultural Finance; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/53580
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A Utilização da BM&F como Instrumento de Gerenciamento de Risco de Preço de Boi Gordo Comercializado em Rondônia AgEcon
de Zen, Sergio; Bellotti de Melo, Guilherme.
This paper aimed to analyse the BM&F cattle future market as a tool for price risk management for traders that deal cattle in the Rondônia State. In order to reach this goal it was analysed if there is a long-term relationship between the cattle prices in Rondônia and the Esalq/BM&F Cattle Index. Besides that, it was done an examination of the optimal hedge Rio Branco – Acre, 20 a 23 de julho de 2008 Sociedade Brasileira de Economia, Administração e Sociologia Rural ratio and its effectiveness to the year of 2007. The results indicated that the cattle price in Rondônia and the Esalq/BM&F Cattle Index has a long-term relationship, which means the traders can use the BM&F as tool to hedge the cattle price in such state. However, through the...
Tipo: Conference Paper or Presentation Palavras-chave: Cattle Prices; Risk; Future Market; Rondônia; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/96279
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Advanced Biofuel Production in Louisiana Sugar Mills: an Application of Real Options Analysis AgEcon
Darby, Paul M.; Mark, Tyler B.; Detre, Joshua D.; Salassi, Michael E..
In order to more fully study the risks and uncertainty involved in cellulosic ethanol production, we examine a simulated plant in South Louisiana using Real Options Analysis
Tipo: Conference Paper or Presentation Palavras-chave: Real options; Risk; Uncertainty; Cellulosic ethanol; Energy cane; Sorghum; Bagasse; Simulation; Agribusiness; Agricultural Finance; Production Economics; Resource /Energy Economics and Policy; Risk and Uncertainty; Q42; Q14; Q16; D81; G31.
Ano: 2011 URL: http://purl.umn.edu/103747
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Aflatoxins, ochratoxin A and zearalenone in maize-based food products BJM
Sekiyama,Beatriz Leiko; Ribeiro,Alessandra Braga; Machinski,Paulo André; Machinski Junior,Miguel.
The occurrence of aflatoxins B1 (AFB1), B2 (AFB2 ), G1 (AFG1 ) and G2 (AFG2 ), ochratoxin A (OA) and zearalenone (ZEA) was evaluated in 121 maize-based food samples collected in the commerce of Maringá City, Paraná State, Brazil. The study was carried out between January 2002 and February 2003. Thin-layer chromatographic method was used to determine the mycotoxins. The recovery averages were 106.6%, 109.4%, 106.6%, 109.4%, 101.8% and 101.7% to AFB1, AFB2, AFG1, AFG2, OA and ZEA, respectively. Three samples (2.5%) were positive to AFB1 (8 to 59 µg/kg), two (1.7%) to AFB2 (2.4 µg/kg), one (0.8%) to OA (64 µg/kg) and one (0.8%) to ZEA (448 µg/kg). The greater frequency of positive samples and also the highest concentration of AFB1 were found in popcorn...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Mycotoxins; Risk; Brazilian products derived from maize.
Ano: 2005 URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1517-83822005000300016
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Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin AgEcon
Tack, Jesse B.; LaFrance, Jeffrey T..
Farmland and capital are an important and rapidly expanding component of the agricultural economy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland suggests that an important consideration is the effect of adjustment costs on this return. A novel theoretical model is developed that ties together contributions from the farmland pricing and adjustment cost literatures, and the first order conditions for a utility maximizing decision maker are rearranged into intertemporal arbitrage equations that are similar in spirit to traditional finance models. The common assumptions that land and capital are quasi-fixed...
Tipo: Conference Paper or Presentation Palavras-chave: Arbitrage; Adjustment Costs; Farmland; Asset Pricing; Capital; Cost Function; Risk; Production; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Farm Management; Financial Economics; Land Economics/Use; Production Economics; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/56412
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AGRICULTURAL ECONOMICS RESEARCH AND EXTENSION MARKETING PROGRAMS: HOW WELL ARE THEY INTEGRATED? AgEcon
Brorsen, B. Wade; Anderson, Kim B..
Extension marketing economists were surveyed to determine whether they are using available research results and whether research is being conducted on topics relevant to extension marketing economists. In some cases, the beliefs of extension marketing economists differ from recent research results. The research topics recommended by extension economists and the topics of papers presented at the 1994-97 annual NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management are well matched. While relevant research is being done, many extension economists desire marketing strategies that both reduce risk and increase income. Research, however, has not produced such strategies.
Tipo: Journal Article Palavras-chave: Efficient markets; Extension; Farmer marketing; Outlook; Research; Risk; Teaching/Communication/Extension/Profession.
Ano: 1999 URL: http://purl.umn.edu/14726
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Agricultural Precautionary Wealth AgEcon
Jensen, Farrell E.; Pope, Rulon D..
Using panel data, the relationship between income uncertainty and the stock of wealth through precautionary saving is examined. Evidence from Kansas data is consistent with the precautionary saving motive in that farm households facing greater uncertainty in income maintain larger stocks of wealth in order to smooth consumption. These results are found by regressing net worth against measures of permanent income (life-cycle income), measures of uncertainty, and demographic variables.
Tipo: Journal Article Palavras-chave: Precautionary saving; Precautionary wealth; Risk; Risk and Uncertainty.
Ano: 2004 URL: http://purl.umn.edu/31146
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Agricultural yield expectations under climate change - a Bayesian approach AgEcon
Krause, Jette.
In the years to come, German wheat, corn and aggregated cereal yields can be expected to show growing deviations from a linearly increasing trend. This results from the Bayesian Updating approach I apply to agricultural yield data. The updating procedure is carried out on a set of hypotheses on yield development, which are weighted in the light of yield data from 1950 through 2006. All hypotheses share the assumption of a linear yield trend with normally distributed variance of actual data from this trend, but differ in regard to possible future developments. The set of hypotheses allows for both the trend and the variance of data to stay unchanged, increase or decrease by 20 per cent from one period to the next. As a result, yield expectations converge to...
Tipo: Conference Paper or Presentation Palavras-chave: Bayesian updating; Agricultural yields; Expectation; Risk; Climate change; Trend; Variance; Volatility; Crop Production/Industries; Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/9273
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An Application of Mixed Logit Estimation in the Analysis of Producers’ Stated Preferences AgEcon
Kipperberg, Gorm; Bond, Craig A.; Hoag, Dana L..
This paper analyzes Colorado Corn producers’ preferences over both private- and environmental public-good production system attributes. Current production practices are characterized by intensive water and chemical use, resulting in non-point source pollution to water bodies as well as soil erosion problems. Data from a stated preference survey are employed to analyze key attributes of experimentally configured irrigation systems, proposed as alternatives to current practices. Panel mixed logit estimations find positive preferences for profit, risk reduction, and, importantly, systems with less environmental impact in terms of nitrate leaching and soil erosion. The results also find presence of significant preference heterogeneity and a complementary...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural production; Profit-maximization; Environment; Mixed logit; Stated preference; Attribute part-worth; Nitrate leaching; Soil erosion; Risk; Crop Production/Industries; C10; D62; Q12; Q15; Q51.
Ano: 2008 URL: http://purl.umn.edu/108719
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An assessment of farmer’s risk exposures and policy impacts on farmer’s risk management strategy AgEcon
Anton, Jesus; Kimura, Shingo.
This paper describes farmer’s exposures to risks at the individual farm level and develops a model representing the decisions of an individual risk averse farmer facing variability in both prices and yields. A set of stylised risk market instruments is represented. The model is calibrated using farm level data from Germany. Monte-Carlo simulations of the random variables are run, and the corresponding optimal responses are obtained. The main focus of this paper is the interactions between government payments and the farmers’ use of risk market instruments in terms of the potential crowding out of such instruments and impacts on farm return and welfare. Unlike other studies this paper models farming response to payments in terms of production and the use of...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Welfare; Crop yield insurance; Forward contracting and Single Farm Payment; Agricultural and Food Policy; Farm Management; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/57663
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An Economic Risk Analysis of Stocker Grazing on Conservation Tillage Small Grains Forage in Arkansas AgEcon
Watkins, K. Bradley; Hignight, Jeffrey A.; Beck, Paul A.; Anders, Merle M.; Hubbell, Donald S., III; Gadberry, Shane.
This study evaluates both the profitability and risk efficiency of grazing stocker steers on conservation tillage winter wheat pasture using simulation and stochastic efficiency with respect to a function (SERF). Average daily gains are simulated for steers grazed on conventional tillage (CT), reduced tillage (RT) and no-till (NT) winter wheat pasture. Steer price distributions and prices for key production inputs such as diesel, fertilizer, and glyphosate are also simulated. Stocker steer net return distributions by tillage treatment are constructed and ranked for risk efficiency using SERF. The results indicate the NT system is the most profitable and most risk efficient of the three tillage systems, followed by the RT system. Both conservation tillage...
Tipo: Conference Paper or Presentation Palavras-chave: No-till; Profitability; Reduced tillage; Risk; SERF; Stocker grazing; Winter wheat; Farm Management; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/56356
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An Equilibrium Approach to the Theory of Futures Markets AgEcon
Berck, Peter; Cecchetti, Stephen G..
Tipo: Working or Discussion Paper Palavras-chave: Future trading; Investments; Risk.
Ano: 1981 URL: http://purl.umn.edu/42847
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An Experimental Investigation of Inter-temporal Risk Decision-making (PowerPoint) AgEcon
Coble, Keith H.; Lusk, Jayson L..
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Decision-making; Risk and Uncertainty; D81.
Ano: 2009 URL: http://purl.umn.edu/48911
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An exploration of the potential benefits of integrated pest management systems and the use of insect resistant potatoes to control the Guatemalan Tuber Moth (Tecia solanivora Povolny) in Ventaquemada, Colombia AgEcon
Falck-Zepeda, Jose Benjamin; Barreto-Triana, Nancy; Baquero-Haeberlin, Irma; Espitia-Malagon, Eduardo; Fierro-Guzman, Humberto; Lopez, Nancy.
CORPOICA and IFPRI implemented a research project in Ventaquemada, Colombia. The project’s goal was to asses the benefits of Integrated Pest Management (IPM) practices and the potential of Genetically Modified insect resistant (Bt) potatoes to manage damage caused by the Guatemalan Tuber Moth (Tecia solanivora Povolny). The Guatemalan Tuber Moth is particularly destructive because field spraying on the adult stage is ineffective and there exists damage specificity to the tubers. Excessive pesticide sprays have resulted in resistance to several insecticides. Insect resistant (Bt) potatoes has been shown an effective means to control other members of the Tuber Moth complex. Thus a Bt potato may play a role in managing Tecia in Colombia. This is an ex ante...
Tipo: Report Palavras-chave: Potatoes; Economic aspects; Genetically modified crops; Economic surplus model; Economic impacts; Risk; Research and development; Bt potatoes; Crop Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/55416
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An Operational Approach for Evaluating Investment Risk: An Application to the No-Till Transition AgEcon
Upadhyay, Bharat Mani; Young, Douglas L..
Roy's safety-first rule is used to provide measures popular with farmers of short and long term business risk associated with various no-till transition strategies over an investment horizon. The short run rule provided more sensitivity to inter-year financial risk than other commonly used criteria. Results revealed that speed of adoption influenced the probability of successful transition more than did the sequence of drill acquisition methods. Higher equity and larger farms had a greater chance of transition success. Slow acreage expansion with a custom or rental drill reduces risk until a no-till yield penalty is eliminated.
Tipo: Working or Discussion Paper Palavras-chave: Investment risk; Monte Carlo simulation; No-till; Rent-purchase; Risk; Safety-first; Technology adoption; Transition strategy; Farm Management; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/12958
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ANÁLISE COMPARATIVA DA VIABILIDADE ECONÔMICA DOS SISTEMAS DE PRODUÇÃO CONVENCIONAL E INTEGRADO DE CAFÉ AgEcon
Pereira, Vanessa da Fonseca; Mendonca, Talles Girardi de; Reis, Bricio dos Santos.
Due to growing consumer demands regarding product quality and the social and environmental aspects of the production process, there is a need to redefine the agricultural productive structure so as to make it sustainable. The Integrated Production System in Coffee (CIP) aims to meet these new requirement standards. The system, however, is still very recent and requires more detailed studies to identify its strengths and weaknesses. Therefore, the objective of this work is to carry out a comparative analysis of the economic viability and the risk associated to the conventional and integrated systems of coffee production in the farm property of São João, in the Coimbra district in Minas Gerais state. The method used was the calculation of the viability and...
Tipo: Journal Article Palavras-chave: Coffee; Integrated production; Viability; Risk; Agribusiness; Agricultural Finance; Industrial Organization.
Ano: 2008 URL: http://purl.umn.edu/61726
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Análise de risco de sistemas de produção de suínos, integrado e independente, em períodos de alta e baixa rentabilidade AgEcon
Rocha, Denis Teixeira da; Moura, Altair Dias de; Girotto, Ademir Francisco.
This research analyzed the integrated and independent systems of pork production in Brazil, using multiple case studies, which focused on confined and complete-cycle producing units of swines, in the high and low profits periods of the activity. The study focused on the pork production of the State of Santa Catarina (SC), Brazilian’s greatest producer of swines, and presenting the predominance of integrated production, and on the Vale do Piranga (MG) region, one of the main Brazilian regions of the independent production system. The work analyzed the yield of the two systems of pork production through the analysis of the performance of each system in different scenarios. The costs and incomes (economic efficiency) of six producing pork farms, in which...
Tipo: Journal Article Palavras-chave: Risk; Production system; Pork production; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/54593
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Analysis for biotechnology innovations using Strategic Environmental Assessment (SEA) AgEcon
Lanacre, Nicholas A.; Gaskell, Joanne; Rosegrant, Mark W.; Falck-Zepeda, Jose Benjamin; Quemada, Hector; Halsey, Mark; Birner, Regina.
Meeting the food needs of the world’s growing population while reducing poverty and protecting the environment is a major global challenge. Genetically modified crops appear to provide a promising option to deal with this challenge. However there is a need to make strategic decisions on how to spend limited agricultural research funds in order to achieve a maximum impact with regard to finding sustainable solutions to end hunger and poverty. In international development institutions, there is growing interest in the potential use of Strategic Environmental Assessment (SEA) as part of a research based Environmental Management System (EMS) to promote mainstreaming of environmental considerations in policy development. SEA was developed as an approach to...
Tipo: Working or Discussion Paper Palavras-chave: Risk; Strategic Environmental Assessment; Genetically Modified; GMO; LMO; Living Modified Organisms; Biotechnology; Environmental risk; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies.
Ano: 2005 URL: http://purl.umn.edu/58584
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ANALYSIS OF THE 2002 FARM BILL AND NEW FARM BILL ALTERNATIVES AgEcon
Taylor, Richard D.; Koo, Won W..
This report evaluates the 2002 farm bill and the effects of the individual programs within the bill on North Dakota net farm income. A stochastic simulation model was developed, using @Risk by Palisade. @Risk replaces the mean values for price and yield with a distribution of values for the eight major commodities grown in North Dakota. The counter-cyclical (target price) program, marketing loan program, and federal crop insurance benefits were separated and analyzed to determine which components were the most important to North Dakota producers. The U.S. Trade Representative offered to decrease the country's trade distorting subsidies by 60% if the European Union would lower its export subsidies 75%. The study estimates the impact of that plan....
Tipo: Working or Discussion Paper Palavras-chave: Net farm income; Risk; Farm bill; North Dakota; Forecast; Domestic subsidies; Agricultural and Food Policy.
Ano: 2006 URL: http://purl.umn.edu/23524
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Analysis of the Adoption of Irrigation Technologies Under Uncertain Water Availability AgEcon
Escribano, Maria Jesus; Calatrava-Leyva, Javier.
This paper analyses the adoption process of water-conserving irrigation technologies by a risk averse farmer in a context of uncertain water availability. Firstly, it is analytically shown that the increase in water efficiency that the new technology allows results in a decrease in the cost of the effective irrigation water applied, as well as in an increase in both effective water applied and crop production. It is also concluded that the optimal amount of irrigation water applied depends on individual risk preferences of the producer, on the variance and asymmetry of the cost of water applied, and on the elasticity of the marginal productivity of the effective water applied. Lastly, it is theoretically shown that an increase in the level of uncertainty...
Tipo: Conference Paper or Presentation Palavras-chave: Irrigation technology; Adoption; Risk; Water availability; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy; Q25; Q12; D81.
Ano: 2005 URL: http://purl.umn.edu/24672
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