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| Jordaan, Henry; Grove, Bennie. |
| Eksteenskuil raisin producers are a group of emerging raisin producers who are successfully participating in a sophisticated value chain. They collectively export their raisins through the fairtrade initiative. Emerging farmers typically face high levels of transaction cost. The high levels of transaction cost in combination with the changing nature of the marketing environment, suggest that the different modes with which transactions can be coordinated need to be assessed in order to identify that mode that would minimise the transaction cost. The aim of this paper is to investigate the governance structures that are employed by Eksteenskuil raisin producers in order to determine whether an alternative may not contribute to reducing transaction costs... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/96645 |
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| Jordaan, Henry; Grove, Bennie. |
| Logistic regression is employed to analyse the factors which influence the decision of whether or not the respondent used forward pricing methods during the 2004/05 maize production season. Forward pricing methods include cash forward contracting and hedging with futures contracts and/or options, through the South African Futures Exchange (SAFEX). Based on the results, the use of forward pricing is associated with lower levels of risk aversion and higher levels of human capital. Factor analysis is employed to reduce the dimensionality of the personal reasons which help to interpret the underlying, common factor of the personal reasons why farmers are reluctant to use forward pricing methods. Three factors were extracted and were labelled “Lack of... |
| Tipo: Journal Article |
Palavras-chave: Forward pricing; Logit; Factor analysis; Agricultural Finance; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/7049 |
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| 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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| Jordaan, Henry; Grove, Bennie; Jooste, Andre; Alemu, A.G.. |
| The conditional volatility in the daily spot prices of the crops traded on the South African Futures Exchange (yellow maize, white maize, wheat, sunflower seed and soybeans) is determined. The volatility in the prices of white maize, yellow maize and sunflower seed have been found to vary over time, suggesting the use of the GARCH approach in these cases. Using the GARCH approach, the conditional standard deviation is the measure of volatility, and distinguishes between the predictable and unpredictable elements in the price process. This leaves only the stochastic component and is hence a more accurate measure of the actual risk associated with the price of the crop. The volatility in the prices of wheat and soybeans was found to be constant over... |
| Tipo: Journal Article |
Palavras-chave: Price volatility; Field crops; SAFEX; Time series analysis; ARCH/GARCH; Demand and Price Analysis. |
| Ano: 2007 |
URL: http://purl.umn.edu/8013 |
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| Shiimi, T.; Taljaard, Pieter R.; Jordaan, Henry. |
| About 70% of the Namibian population depends on agricultural activities for their livelihood. Moreover, agriculture remains an important sector to Namibia because its national economy is widely dependent on agricultural production. Cattle producers in the Northern Communal Areas (NCAs) have an option to market their cattle via the formal or informal markets. Efforts have been made to encourage producers to market their cattle through the formal market; however, limited improvement has been observed. In this study a number of factors have been analysed to determine its influences on cattle marketing decisions. Factors influencing the marketing decision of whether or not to sell through the formal market are analysed using the Probit model. Factors... |
| Tipo: Journal Article |
Palavras-chave: Cattle marketing; Decision-making; Formal markets; Transaction costs; Livestock Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/96641 |
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