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| Registros recuperados: 10 | |
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| Hutchings, Timothy R.; Nordblom, Thomas L.. |
| This study analyses the financial risk faced by representative mixed-enterprise farm businesses in four regions of south-eastern Australia. It uses discrete stochastic programming to optimise the ten-year cash flow margins produced by these farms, operating three alternative farming systems. Monte Carlo simulation analysis is used to produce a risk profile for each scenario, derived from multiple runs of this optimised model, randomised for commodity prices and decadal growing season rainfall since 1920. This analysis shows that the performance of the enterprise mixes at each site is characterised more by the level of variability of outcomes than by the mean values of financial outputs. It demonstrates that relying on mean values for climate and prices... |
| Tipo: Article |
Palavras-chave: Farm management; Financial risk; Climate risk; Price risk; Variability; Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/120908 |
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| Deane, Paul; Malcolm, Bill. |
| Australian woolgrowers have not adopted price risk management in the last decade. This is despite a concerted effort at various times by participants in the wool industry to encourage growers to use hedging/forward selling. The explanation for the reluctance of woolgrowers to use futures market and forward pricing instruments lies not in market failure but in characteristics of wool producing farm businesses. In particular, the degree of business and financial risk and the interaction between the two helps to explain why woolgrowers do not use futures. In the context of the whole farm system, Australian woolgrowers are behaving as rational managers of wool price risk. |
| Tipo: Article |
Palavras-chave: Price risk management; Motivation for hedging; Business risk; Financial risk; Australian woolgrow; Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/122518 |
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| Bignotto,Edson Costa; Azevedo Filho,Adriano. |
| This study characterizes the use of risk monitoring mechanisms by coffee and soybean trading and processing companies. It also investigates the role these mechanisms play in the mitigation of certain transaction costs associated to bounded rationality, information asymmetry, and business opportunism in negotiations involving derivatives. The results presented are based on literature and original research, which consisted of interviews with 19 coffee and soybean trading and processing company agents that deal with the management and execution of derivatives trades. The interviews suggest that the interest in formal risk monitoring mechanisms depends strongly on the organizational structure of the business. In family businesses, in which the owner... |
| Tipo: Info:eu-repo/semantics/article |
Palavras-chave: Transaction cost; Financial risk; Coffee; Soybeans. |
| Ano: 2003 |
URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-20032003000100002 |
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| Vinzant, Patrick L.; Neibergs, J. Shannon. |
| Thoroughbred racehorses are commonly characterized as unprofitable investments. Previous studies, grouping all racehorses together, estimate that over 80% of all racehorses in training fail to earn enough to recover the variable costs of training. However, these studies are not truly representative, because they fail to account for a number of factors affecting profitability. This study estimates expected purse earnings and profitability of claiming horses in Kentucky. Maximum-likelihood estimates of probability distribution parameters show that expected purse earnings follow an exponential distribution with a mean of $25,267. Profitability is best described by a Gamma distribution with a mean of $4,824. Of the 305 claims analyzed for profitability,... |
| Tipo: Journal Article |
Palavras-chave: Claiming horses; Financial risk; Maximum likelihood; Probability; Profitability; Thoroughbred; Agribusiness. |
| Ano: 1999 |
URL: http://purl.umn.edu/14682 |
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| Gustafson, Cole R.. |
| As farms increase in size, operators face the decision of remaining loyal to local merchants or obtaining volume discounts from distant input suppliers. When farmers bypass local merchants and buy inputs in volume, they often realize price discounts but forego many services including credit forebearance. When farmers buy locally, they pay higher prices, which decreases profits and increases financial risk, but generates social capital which can be drawn upon during periods of economic adversity. A theoretical model of farm financial risk evaluates borrower behavior in light of cash flow constraints, volume discounts, and social capital. Results delineate financial risks involved and value of social capital. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Capital; Financial risk; Simulation; Social; Stochastic; Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/19169 |
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| Gustafson, Cole R.. |
| As farms increase in size, operators often face the difficult decision of remaining loyal to local merchants or obtaining volume discounts from more distant input suppliers. When farmers bypass local merchants and buy inputs in volume from a wholesaler, they often realize a price discount but forego many services including credit forebearance. In essence, when farmers buy locally, they pay higher prices, which decreases profits and increases financial risk, but generates social capital which can be drawn upon during periods of economic adversity later in the form of credit forebearance. A theoretical model of farm financial risk evaluates borrower behavior in light of cash flow constraints, volume discounts, and social capital. Monte-carlo simulation... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Social; Capital; Financial risk; Simulation; Stochastic; Farm Management; Institutional and Behavioral Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/23677 |
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| Bryant, Kelly J.; Reeves, Jeanne M.; Nichols, Robert L.; Greene, Jeremy K.; Tingle, Christopher H.; Studebaker, Glenn E.; Bourland, Fred M.; Capps, Charles D.; Groves, Frank E.. |
| Stochastic Efficiency with Respect to a Function (SERF) is used to rank transgenic cotton technology groups and place an upper and lower bound on their value. Yield and production data from replicated plot experiments are used to build cumulative distribution functions of returns for nontransgenic, Roundup Ready, Bollgard, and stacked gene cotton cultivars. Analysis of Arkansas data indicated that the stacked gene and Roundup Ready technologies would be preferred by a large number of risk neutral and risk averse producers as long as the costs of the technology and seed are below the lower bounds calculated in this manuscript. |
| Tipo: Journal Article |
Palavras-chave: Cotton; Financial risk; Market value; SERF; Transgenic; Agribusiness; Crop Production/Industries; Risk and Uncertainty; Q12; Q16. |
| Ano: 2008 |
URL: http://purl.umn.edu/47257 |
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| Registros recuperados: 10 | |
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