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| Registros recuperados: 37 | |
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| Mallory, Mindy L.; Lence, Sergio H.. |
| This study highlights some problems with using the Johansen cointegration statistics on data containing a negative moving average (NMA) in the error term of the data generating process. We use a Monte Carlo experiment to demonstrate that the asymptotic distribution of the Johansen cointegration statistics is sensitive to the NMA parameters and that using the stated 5% critical values results in severe size distortion. In our experiment, using the asymptotic critical values resulted in empirical size of 76% in the worst case. To date a NMA in the error term was known to cause poor small sample performance of the Johansen cointegration statistics; however our study demonstrates that problems associated with a NMA in the error term do not improve as sample... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cointegration; Johansen cointegration test; Moving average; Agricultural Finance; Financial Economics; C32; C15. |
| Ano: 2010 |
URL: http://purl.umn.edu/61721 |
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| Anderson, John D.; Parkhurst, Gregory M.. |
| Changes to commodity programs in the 2002 Farm Bill increased the value of crop base acreages on which decoupled payments are received. The bill also expanded the availability of key conservation programs. This paper compares the value of payments from commodity programs (along with continued crop production) to the easement payment (and recreational lease revenue) available under the Wetland Reserve Program. A net present value model using risk-adjusted returns is employed in the analysis for Mississippi delta cropland containing rice, cotton, and soybean base. Sensitivity analysis is conducted on some of the key variables affecting the decision. |
| Tipo: Journal Article |
Palavras-chave: Conservation; Countercyclical payment; Direct payment; Net present value; WRP; Q12; Q15; Q18; C15. |
| Ano: 2004 |
URL: http://purl.umn.edu/43390 |
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| Sempere, Loreto Pardo; Alcaide, Jose Javier Rodriguez. |
| Las fuertes inversiones iniciales que son necesarias para comenzar una actividad acuícola, unidas al período tan dilatado del ciclo de explotación y al riesgo que esta actividad comporta, son situaciones que comprometen el futuro de la actividad cuya continuidad pasa necesariamente por la consecución de la viabilidad económica. Por ello, es importante prestar atención a los estudios que justifiquen esta viabilidad económica considerando aspectos tales como la propia flexibilidad operativa o el valor estratégico que tiene cada proyecto de inversión, a menudo considerados factores críticos para la supervivencia. Desde esta perspectiva, se pone de manifiesto la necesidad y la oportunidad de la investigación, basado en la aplicación del método de Opciones... |
| Tipo: Journal Article |
Palavras-chave: Aquaculture; Real Options; Risk; Flexibility in operations; Risk and Uncertainty; B41; C15; D81. |
| Ano: 2005 |
URL: http://purl.umn.edu/28786 |
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| Wilson, William W.. |
| One of the impacts of higher prices along with greater volatility in futures and basis is that there is pressure for an escalation in cash contracting for grain. This volatility has resulted in an unprecedented level of contracting with growers for specific purchases in recent years. There is a wide array of cash contracts with varying terms. Beyond that array, there is also a growing realization of growers not delivering on contracts, in part due to escalation in post-contract prices. This realization is evolving as a major strategic issue for buyers and the marketing system, particularly as buyers seek to use such contracting strategies as an element of risk mitigation. There are three purposes of this article. First is to provide a broad survey of... |
| Tipo: Report |
Palavras-chave: Crop Production/Industries; Farm Management; Financial Economics; C15; D81; Q12. |
| Ano: 2009 |
URL: http://purl.umn.edu/55084 |
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| Registros recuperados: 37 | |
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