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Factors affecting the use of forward pricing methods in price risk management with special reference to the influence of risk aversion AgEcon
Jordaan, Henry; Grove, Bennie.
Risk aversion is the primary reason for farmers to use forward pricing methods to hedge against price risk. Previous international research on farmers’ forward pricing behaviour found inconsistent results with respect to the relationship between risk aversion and the use of forward pricing methods. Ordinary Least Squares (OLS) regression is used in this research to investigate the relationship between the proportion of maize Vaalharts maize producers are willing to forward price and risk aversion. The quantity decision is modelled conditional on the adoption decision to ensure that the modelling procedure does not force the same variables to influence the two decisions in the same way. Regression results showed that more risk averse farmers are forward...
Tipo: Journal Article Palavras-chave: Forward pricing; Risk aversion; Farm characteristics; Linear regression; Crop Production/Industries; Marketing; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/5970
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Food Expenditures in Rural Households in the Northern Region of Ghana AgEcon
Meng, Ting; Florkowski, Wojciech J.; Kolavalli, Shashidhara; Ibrahim, Mohammed.
The objective of the paper is to identify farmer and farm characteristics that determine the food expenditure in rural households in the Northern Region of Ghana. The results indicate income, implicit wealth, age, family structure, cultivation staple or cash crop, and buying dry goods in bulks are the major determinants.
Tipo: Presentation Palavras-chave: Northern Ghana; Farm characteristics; Food expenditure; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2012 URL: http://purl.umn.edu/119716
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Factors Explaining Farmers' Insurance Purchase in the Dutch Dairy Sector AgEcon
Ogurtsov, Victor A.; Van Asseldonk, Marcel A.P.M.; Huirne, Ruud B.M..
This paper analyzed the impact of farm and farmer characteristics on the acceptability to dairy farmers in the Netherlands of an all-risk insurance package and underlying specific categories of insurance coverage. The major farm characteristics considered were structural, operational and financial variables, while farmer age was the major farmer-specific characteristic analyzed. The specific insurance categories reviewed were damage, legal, disability, liability and health insurance. The results suggest that there are common and insurance-specific factors that can improve the design of insurance policies for dairy farmers.
Tipo: Conference Paper or Presentation Palavras-chave: Insurance; Farm characteristics; Risk; Dairy farm; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/7774
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Broiler Farms' Organization, Management, and Performance AgEcon
Perry, Janet E.; Banker, David E.; Green, Robert C..
This study provides a comprehensive view of the organization, management, and financial performance of U.S. broiler farms. Using data from USDA's Agricultural Resource Management Study (ARMS, formerly known as the Farm Costs and Returns Survey), we examine farm size, financial structure, household income, management practices, and spousal participation in decision-making. We compare broiler operations with other farming enterprises and their earnings with that of the average U.S. household. Because most of the 7 billion broilers produced in the United States in 1995 were raised under contract, we also explore the use of contracts and the effects of contracting on the broiler sector.
Tipo: Report Palavras-chave: Contracting; Broilers; Poultry; Farm characteristics; Farm income; Farm operator characteristics; Risk management strategies; Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/33739
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PROFIT CONSISTENCY AND MANAGEMENT CHARACTERISTICS FOR SUCCESSFUL NORTH DAKOTA FARMS, 1995-2000 AgEcon
Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..
Farm profitability varies widely among producers, but the reasons for those differences are not clear as it is generally not known if the same farms are in the higher profit categories every year. Characteristics of the individual producer also vary substantially. Farm size, crop yields, cost of production, debt structure, and land ownership are some of the traits which differ among farms. This study analyzed farm finance data from the North Dakota Farm and Ranch Business Management Program over the years 1996-2000 to determine if the characteristics of profitable farms were different from the characteristics of farms which were not as profitable. A secondary objective was to evaluate if farms remained in similar profit quartiles every year.
Tipo: Working or Discussion Paper Palavras-chave: North Dakota Farm and Ranch Business Management Program; Farm characteristics; Return on assets; Costs; Land ownership; Debt structure; Farm Management.
Ano: 2002 URL: http://purl.umn.edu/23607
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