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Registros recuperados: 12
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A mixed-method approach for determining the risk and complexity farmers associate with using forward contracts AgEcon
Jackson, Elizabeth; Quaddus, Mohammed; Islam, Nazrul; Stanton, John.
This paper reports on a model that was developed to understand the behavioural determinants surrounding farmers’ adoption of forward contracts for agricultural commodities. Based on the Theory of Planned Behaviour and Diffusion of Innovations, 28 hypotheses within the model were written and then tested via a telephone survey that gathered 305 responses from Western Australian wool producers. The data from the telephone survey were analysed using SPSS 14 and the Partial Least Squares approach to Structural Equation Modelling. Most relationships within the model could be explained after rigorous quantitative analysis, however, further explanation was required to understand two final aspects of adoption behaviour: firstly, the sources of risk wool...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Complexity; Forward contracts; Structural equation modelling; Partial least squares; Risk and Uncertainty; Q120; Q130.
Ano: 2008 URL: http://purl.umn.edu/42305
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A Multi-Disciplinary Approach For Determining Adoption Of Agricultural Price Risk Management Strategies AgEcon
Jackson, Elizabeth; Quaddus, Mohammed; Islam, Nazrul; Stanton, John; Hoque, Zohurul.
Australian wool producers have been slow to adopt price risk management strategies to stabilise the income from their wool sales. The highly volatile auction system accounts for 85% of raw wool sales while the remainder is sold by forward contract, futures and other hedging methods. Qualitative analysis was used to find behavioural factors associated with the adoption of price risk management strategies (specifically futures and forward contracts) for selling raw wool. Consideration was given to Diffusion of Innovations and the Theory of Planned Behaviour as theoretical frameworks in order to answer the research question: Are there any non-traditional behavioural factors that need to be incorporated into existing frameworks to determine adoption of...
Tipo: Conference Paper or Presentation Palavras-chave: Qualitative analysis; Trust; Habit; Social cohesion; Forward contracts; Wool.; Agricultural Finance; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/7985
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Agricultural Processing and the WA Economy: A General Equilibrium Analysis AgEcon
Johnston, Peter; Islam, Nazrul.
This paper investigates the impact of an expansion in agricultural processing on the Western Australian economy by modifying and applying a Computable General Equilibrium (CGE) economic model of Western Australia (called WAM). WAM was used to simulate the effects of a $1 million expansion in eight agricultural processing industries. The results show that there is a range of positive impacts from agricultural processing. On average, a $1 million expansion in agricultural processing is estimated to increase the State’s GSP (Gross State Product) by $649,000, and total output by $1.9 million. The expansion of the Wine and spirits industry is estimated to have the largest impact while the Textile fibres, yarns and woven fabrics industry has the smallest impact...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural processing; CGE model; Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/57901
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An Investigation of Significant Factors Influencing Western Australian Wool Producers to Produce Wool: A Structural Equation Modelling Approach AgEcon
Quaddus, Mohammed; Islam, Nazrul; Stanton, John.
Why Australian wool producers remained in the business despite the hardship they have experienced for much of the 1990s from low prices of wool? This question was raised frequently by research scientists and policymakers of the wool industry. A recent exploratory study gives a notion that Australian wool production could be a 'lifestyle' choice and/or a choice other than economic reasons. To validate this notion this paper investigates the factors that drive and motivate the Western Australian wool producers, as identified in the exploratory study, by applying a Structural Equation Modelling approach. An innovative mixed research method is adopted in this study. Telephone survey is conducted among a random selection of 290 wool producers in WA. The results...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; C21; L2; L7; Q10.
Ano: 2006 URL: http://purl.umn.edu/25275
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BROADACRE FARM PRODUCTIVITY AND PROFITABILITY IN SOUTH WESTERN AUSTRALIA AgEcon
Islam, Nazrul; Xayavong, Vilaphonh; Kingwell, Ross S..
This paper examines broadacre farm performance in south-western Australia. This region has experienced pronounced climate variability and volatile commodity prices over the last decade or so. Relationships between productivity and profitability are explored using panel data from 50 farms in the study region. The data are analysed using non-parametric methods. Components of farm productivity and profitability are measured over the period 1998 to 2008. Economies of scale and scope are shown often to be positive contributors to productivity and profitability. However, the main finding is that technical change, much more so than technical efficiency, has supplied over 68 percent of the improvement in total factor productivity for farms in the different...
Tipo: Conference Paper or Presentation Palavras-chave: Productivity; Profitability; Technical change; Farm businesses; Farm Management; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies.
Ano: 2011 URL: http://purl.umn.edu/100565
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Constructing Agri-food Industry Input-Output Data: A Value Chain Modelling Approach AgEcon
Xayavong, Xila; Islam, Nazrul.
Various methods can be used to construct input-output data for sectoral modelling. These methods are broadly classified in the literature as commodity based survey, non-survey and hybrid approaches. Each approach has its own strengths and weaknesses. This paper presents an alternative approach to map the flows of goods and services. The case study of generating inputoutput data for agricultural industries in Western Australia is used to show how value chain modelling can accurately and reliably provide input-output data.
Tipo: Conference Paper or Presentation Palavras-chave: Value Chain Analysis; Make Table; Use Table; Input-Output Table; Agri-food industry..
Ano: 2009 URL: http://purl.umn.edu/47950
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ESTIMATING PRODUCTION RESPONSE OF BROADACRE FARMS IN WESTERN AUSTRALIA: THE NEXUS OF EMPIRICS AND ECONOMICS REVISITED AgEcon
Xayavong, Vilaphonh; Islam, Nazrul.
Recently there has been a growing debate as to whether the empirical properties of production response derived from the multi-product framework are consistent with the behavioral assumption in the duality theory of production. This issue could in turn affect the reliable estimates of elasticities which are fundamental requirement to accurate economic forecasting and valid analyses of the impacts of changes in government policies or international events. The crux of the debate is particularly related to whether to estimate cost or profit function and which types of functional form should be used, as well as imposing restrictions on profit and cost functions when those properties are not satisfied by the estimation models. After reviewing the literature, we...
Tipo: Conference Paper or Presentation Palavras-chave: Production Response; Duality Production Theory; Shape Restriction; Nonlinear Inequality Constraints; Flexible Functional Forms.; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/60240
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Farmer-To-Farmer Advice: What's the Best Way to Sell Raw Wool in Australia? AgEcon
Jackson, Elizabeth; Quaddus, Mohammed; Islam, Nazrul; Stanton, John.
Some 85% of all raw wool produced in Australia is sold on the open-cry auction system (Bolt 2004). Current debate among wool growers highlighted the need to explore other methods available and, of these, determine what are the most preferred. Four focus groups were conducted in regional Western Australia to ascertain primary producers' opinions on the options available for selling their raw wool. Focus group p articipants were given a series of scenarios to brainstorm, these focused on offering advice to a new neighbour who had n ever grown wool. Results of the research showed that auctioning wool via the services of a broker is by far the preferred selling method. Forward contracting and internet-based selling were options that were unfamiliar but worthy...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 2006 URL: http://purl.umn.edu/25470
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Impact on Western Australia’s sheep supply chain of the termination of live sheep exports AgEcon
Nath, Tanmoy; Kingwell, Ross S.; Cunningham, Peter; Islam, Nazrul; Xayavong, Vilaphonh; Curtis, Kimbal; Feldman, David; Anderton, Lucy; Mahindua, Truphena.
Western Australia (WA) supplies around three-quarters of Australia’s exports of live sheep. The number of sheep exported live from WA has ranged from 4.5 million to 2.4 million with the trend in numbers exported being downwards. The future of this export trade appears to be increasingly vulnerable and uncertain, primarily because of the influence of animal welfare lobbyists. This paper uses scenario analysis to assess the impact on WA’s sheep supply chain of the termination of the live sheep export trade. The supply chain comprises three subsectors: farm production, processing/wholesale and retailing/export. The impacts of the trade termination on each of these sub-sectors are reported. These impacts are strongly linked to how producers respond to...
Tipo: Presentation Palavras-chave: Live sheep export; Animal welfare; Regional economic impacts; Industry value chains; International Relations/Trade; Livestock Production/Industries.
Ano: 2012 URL: http://purl.umn.edu/124345
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Inter-firm Relationships and Performance Factors in the Australian Beef Supply Chain: Implications for the Stakeholders AgEcon
Nasir Uddin, Mohammad; Quaddus, Mohammed; Islam, Nazrul.
Recent study by Meat & Livestock Australia revealed that cost competitiveness and market development issues in supply chain are the major factors for a long term decline of the Australian Beef industry. This study, based on the explanation of transaction cost theory argues that competitive performance of an industry depends on improving cost efficiency across the whole of supply chain, the underlying value chain, and the relationship among the stakeholders in the industry. With a main objective to investigate the underlying factors of developing competent inter-firm relationship that influence the supply chain performance and competitiveness, this study presents details of a survey carried out and tests the hypothesis that inter-organizational...
Tipo: Conference Paper or Presentation Palavras-chave: Beef Supply Chain; Agribusiness Management; Supply Chain Management; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/59172
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Measuring the benefits from R&D investment beyond the farm gate: the case of the WA wine industry AgEcon
Radhakrishnan, Manju; Islam, Nazrul; Ward, Glynn.
Evaluations of public sector agricultural research and development (R&D) often focus on farm level benefits. Flow-on benefits that accrue to other sectors such as processing and marketing typically are ignored. This paper however includes these benefits. Using the Western Australian wine industry as an example this paper highlights the relative importance of farm and flow-on benefits generated by farm-level R&D. A wine industry value chain model is used to measure these benefits. The benefits per dollar of R&D investment are found to be $2.8 at the farm level compared to $14.9 when flow-on benefits are taken into account. In this case, solely reporting farm level benefits hugely understates the returns to the R&D investment. The R&D...
Tipo: Conference Paper or Presentation Palavras-chave: R&D investment; Benefit cost analysis; Value chain modelling; Wine..
Ano: 2009 URL: http://purl.umn.edu/48169
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WHAT DOES A DRY SEASON MEAN TO THE WESTERN AUSTRALIAN ECONOMY? A CGE INVESTIGATION AgEcon
Islam, Nazrul.
In this paper, by applying a Computable General Equilibrium model for Western Australia (called WAG), the impact of the 2002 dry season on the State’s wider economy is quantitatively analysed. An estimate of 40 percent loss in the production of five major groups of agricultural commodities is simulated into the model. The model results show that the State’s economy-wide total production declines by 2.3 percent. In 2001-02 dollar terms this production decline is worth more than $2.5 billion. The gross state product (GSP) for WA declines by more than one percent. The total value of the State’s exports and employment decline by 5.2 and 1.7 percent respectively.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Drought; CGE model; Production Economics.
Ano: 2003 URL: http://purl.umn.edu/57895
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