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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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A Structural Analysis of Contractual Innovations within the CIS Milk Industry AgEcon
Jackson, Elizabeth; Gorton, Matthew; White, John.
Utilising primary survey data, this paper evaluates the relationships between a set of supplier development strategies and performance within the milk industry in Armenia and Ukraine. Improving supplier performance is a critical task for the dairy industry in the Former Soviet Union as, during the 1990s both the quantity and quality of agricultural output deteriorated sharply. Fragmented supply chains led to high transaction costs and, in some cases, market failure. Drawing on the work of Krause et al. (2000) and Doney and Cannon (1997), a theoretical framework is presented that proposes that, either directly or indirectly, supplier assessment strategies, supplier incentives, competitive pressure, direct involvement, and trust between buyers and sellers,...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/59181
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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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