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| Registros recuperados: 165 | |
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| Dahl, Bruce L.; Wilson, William W.; Gustafson, Cole R.. |
| All major exporting countries of agricultural commodities have some form of credit guarantee program. As the importance of credit programs escalates, it is incumbent on policy makers to examine the value of their program relative to those of competitors. In this study, a model based on option pricing theory was developed to estimate the value of credit guarantees extended to importers and applied to U.S. and competing countries' programs. The Canadian guarantee has the lowest implicit value, followed by the U.S., Australian, and French guarantees. French guarantees had the highest implicit value due to higher coverage for interest and freight and insurance. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1999 |
URL: http://purl.umn.edu/30791 |
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| Wilson, William W.; Maxwell, Brett J.; Dahl, Bruce L.. |
| Consistency of functional characteristics in hard red spring (HRS) wheat is a concern confronting sellers and buyers. This research analyzes contract incentives for importers with respect to cost and potential risk of acceptance. A principal-agent framework is utilized to examine contract incentives. In the principal-agent contract, the principal offers the contract, the agent rejects or accepts the contract, and then decides how much effort to apply. All this is subject to risk for the agent and moral hazard for the principal. An example is presented, for which equilibrium contract terms are a base price of 454 cents per bushel for low quality wheat and a premium of 36 cents per bushel if high quality is achieved. The premium for high quality is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Incentive Contact; Functional Characteristic; Wheat; Principal-Agent; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/23617 |
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| Nganje, William E.; Tiapo, Napoleon M.; Wilson, William W.. |
| Quality related yield and price losses have had significant impact on producer income and risks, and in some instances exceeded yield and price losses covered by conventional insurance instruments. However, there are no effective third party quality risk transfer mechanisms especially for barley growers. In this paper, we develop a framework to incorporate quality-related risk in crop insurance programs. Specifically, we derive the optimum equilibrium coverage levels and risk premium that suppliers of insurance and producers would be willing to provide when the yield and revenue insurance instruments explicitly incorporate quality losses. The results of our analysis provide several important contributions. First, the methodology illustrates how quality... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/36097 |
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| Wilson, William W.; Dahl, Bruce L.. |
| The purpose of this paper is to analyze the dynamics of R&D investments, and the structure of the seed distribution sector using novel data sets that have not been used before to describe competition in these industries. The results describe four sets of issues of particular importance. One is that while all agbiotechology firms have increased their R&D expenditures, there have been sharp differences in the scope of this spending. Most important is that this has spawned the growth in what is now referred as “seeds and traits.” Second, a large number of future traits will be commercialized in the coming years. A third set of results indicates that one firm grew its market share by 14% and a portion of this growth has been through acquisition. The... |
| Tipo: Report |
Palavras-chave: Agbiotechnology; Grain seeds; Competition; Agribusiness; Crop Production/Industries; Demand and Price Analysis. |
| Ano: 2010 |
URL: http://purl.umn.edu/58487 |
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| Dahl, Bruce L.; Wilson, William W.. |
| U.S. white corn production, consumption, and exports increased from 1980 to 1999/00 and production and area have since declined. White corn is produced largely in Nebraska, Kentucky, and Texas, although production in Texas has declined and has increased in other states (Illinois, Indiana, and Iowa). Major domestic processors of white corn are located in the southern United States, with the closest large domestic processor located in St. Joseph, MO. Comparisons of white and yellow corn varieties suggest yields are similar, but have a wide range of variability. Net returns for white corn are most affected by white corn premiums and yield differences relative to yellow corn in southeastern and south central North Dakota. A 10 percent yield advantage for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: White corn; Supply/demand; North Dakota; Competitiveness; Markets; Geographic competition; Crop Production/Industries. |
| Ano: 2002 |
URL: http://purl.umn.edu/23588 |
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| Wilson, William W.; Dahl, Bruce L.; Johnson, D. Demcey; Nganje, William E.. |
| Variety release decisions involve a number of tradeoffs, usually between grower and end-user characteristics as well as significant uncertainties about agronomic, quality, and economic variables. In this study, methodologies were developed to value tradeoffs for grower and end-user characteristics for wheat. The models capture effects of variability in agronomic, quality, and economic variables. The models were applied for three experimental varieties which have since been released and for two hypothetical varieties. Results indicate two of the experimental varieties provide improvements in grower and end-use value over most of the incumbents. Comparison of a risk adjusted portfolio model consisting of characteristics of end-use and grower values... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Variety Development; Grower Value; End-user Value; North Dakota; Tradeoffs; Stochastic Dominance; Portfolio Value; Crop Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/23622 |
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| Wilson, William W.; Gallagher, Paul W.. |
| Price responsiveness and preferences for wheat classes are measured using a Case function specification. Results indicate there have been numerous changes in market shares of wheat classes from different exporters in specific markets. In general, quality differentials are important in some international markets; in others, relative prices are more important in determining market shares. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1990 |
URL: http://purl.umn.edu/32059 |
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| Mattson, Jeremy W.; Wilson, William W.; Duchsherer, Christopher. |
| The biodiesel industry in the United States has grown significantly in recent years. Production increased from 25 million gallons in 2004 to an estimated 250 million gallons in 2006, and many new plants are being built. Most biodiesel in the United States is produced from soybean oil, but canola offers characteristics which make it a favorable feedstock for biodiesel production. Characteristics of canola oil also make it an increasingly popular choice for human consumption. This study examines the structure of the biodiesel and canola industries. Specifically, the study describes changes in the biodiesel industry, trends in canola production in the United States and Canada, profitability and production risk for canola, the characteristics of canola... |
| Tipo: Report |
Palavras-chave: Canola; Biodiesel; Vegetable oil; Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/7644 |
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| Wilson, William W.; Huso, Scott R.. |
| Release of a genetically modified (GM) crop variety would lower prices of competing pesticides used on conventional varieties. This causes an increase in surplus for those farmers who adopt the GM variety, as well as for those who plant the conventional variety. A Cournot model was developed to determine the equilibrium quantities of conventional pesticides. A market with conventional wheat was compared to a market with both conventional and GM wheat varieties to identify price decreases of the conventional pesticide as a result of the GM trait introduction. |
| Tipo: Journal Article |
Palavras-chave: Genetically modified crops; Roundup Ready; Wheat; Crop Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/8608 |
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| Hawes, Cullen R.; Wilson, William W.; Dahl, Bruce L.. |
| Agricultural firms that use Value at Risk (VaR) tend to be the large diversified corporations. The benefits of VaR in the agricultural industry are not limited to large conglomerates; however, and this study provides empirical examples of how mid to large sized commodity end-users can use VaR to quantify price risk exposure. By reporting price risk in terms of dollars as a single summary statistic, VaR provides a more intuitive measure of risk for decision makers, especially when the distribution of portfolio value changes is non-normal. VaR also separates downside from upside potential by focusing on the left-hand tail of a portfolio's distribution of returns. The purpose of this study is to demonstrate how VaR can be applied to the portfolio of a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Value at Risk; Hedging; Processor Futures; Options; Marketing; Risk and Uncertainty. |
| Ano: 2005 |
URL: http://purl.umn.edu/23608 |
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| Registros recuperados: 165 | |
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