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Registros recuperados: 11
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Producer Willingness to Supply Biomass: the Effects of Price and Producer Characteristics AgEcon
Altman, Ira J.; Bergtold, Jason S.; Sanders, Dwight R.; Johnson, Thomas G..
This paper presents research results based on data from two biomass producer surveys collected from mid Missouri and southern Illinois. Specific topics of interest include the effect of price and producer characteristics on willingness to supply, assets producers currently own and services they may be willing to provide if bioenergy industries develop. A series of censored tobit regressions are utilized to analyze willingness to supply results under three price scenarios. Marginal effects of a one dollar change in the biomass price are shown to increase the willingness to supply by 0.5 to 2 percent.
Tipo: Conference Paper or Presentation Palavras-chave: Biomass; Willingness to supply; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/98804
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An Evaluation of Purebred Bull Pricing: Implications for Beef Herd Management AgEcon
Atkinson, Rebecca; Sanders, Dwight R.; Jones, Karen; Altman, Ira J..
The selection of herd bulls is important in determining profitability of commercial ranchers and cow-calf operators as well as purebred producers. In this research, the key attributes of bulls – based on visual, performance, and ultrasound data – are valued using a traditional hedonic pricing model. The data are collected from the annual bull test trial and sale at Southern Illinois University Carbondale. The results suggest that buyers at the SIUC Beef Evaluation Station are willing to pay more for bull characteristics associated with calving ease and weaning weights. For instance bulls with a combination of both lower birth weight Expected Progeny Differences (EPDs) and high yearling weight EPDs than average can command premiums of over $1,150 per head...
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/96418
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Cross-Hedging Fishmeal: Exploring Corn and Soybean Meal Futures Contracts AgEcon
Parcell, Joseph L.; Boessen, Christian R.; Altman, Ira J.; Sanders, Dwight R..
During 2006 the fishmeal price nearly doubled from $500MT to over $900MT. The objective of this research is to determine the optimal cross-hedge ratio between fishmeal and soybean meal and corn, and corresponding hedging weight between corn and soybean. Results indicate all hedging weight should be placed on the corn futures contract. This is an interesting result since prior fishmeal cross-hedging research has not analyzed the corn futures contract as a risk management mechanism.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/6763
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Applying Transaction Cost Economics: A Note on Biomass Supply Chains AgEcon
Altman, Ira J.; Sanders, Dwight R.; Boessen, Christian R..
Agricultural supply chains, especially those from producer to first handler, are relatively mature institutions. While agricultural economists often observe the evolution of marketing structures in developing nations, it is a rare opportunity to research a developing market within North America. The emerging bioenergy industry—which relies on non-food crops such as straw—provides the potential to research and potentially impact the development of new supply chains. Here, we briefly review the literature related to biomass supply chains, pose a transaction cost approach to studying their development, and then discuss the procurement strategies of an industry leader: the Iogen Corporation.
Tipo: Journal Article Palavras-chave: Biomass supply chains; Organization; Transaction cost; Agribusiness; Demand and Price Analysis; Production Economics.
Ano: 2007 URL: http://purl.umn.edu/62290
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Producer Willingness and Ability to Supply Biomass AgEcon
Altman, Ira J.; Sanders, Dwight R.; Moon, Wanki; Coulibaly, Ibrahima.
Given the recent interest in renewable energy from agriculture based on row crop waste and energy crops, this paper takes a transaction cost view of biomass supply chain strategies. First an investigation of the biomass and bioenergy literature reveals a need for an organizational perspective on emerging bioenergy industries. Second, transaction cost economic theory is applied to the general relationship between biomass producer and processor. Finally the case of the Iogen Corporation is examined to identify their planned biomass supply chain strategy as they attempt to commercialize their cellulose ethanol technology. Two general options emerge: one where processors can choose to enter developed biomass areas and expect to use spot markets with low...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/93417
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Contracting for Biomass: Supply Chain Strategies for Renewable Energy AgEcon
Altman, Ira J.; Boessen, Christian R.; Sanders, Dwight R..
An organizational perspective is taken in analyzing the general case of the biomass exchange and the specific case of the Iogen Corporation as it attempts to commercialize their cellulose ethanol technology. An example contract is examined in detail and compared to current straw and hay supply chain systems.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/34907
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Producer Preferences and Characteristics in Biomass Supply Chains AgEcon
Altman, Ira J.; Johnson, Thomas G.; Moon, Wanki.
Organizational costs in biomass transactions could be a key barrier to commercial development of cellulosic based industries. Understanding biomass producer characteristics and preferences will be important to the future development of renewable industries like cellulosic ethanol. In this paper survey data are analyzed that identify assets biomass producers currently own, services they are willing to provide and their preferences for selling mechanisms. A multinomical logit model is used to analyze producer preferences.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/93420
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A TRANSACTION COST ECONOIMCS VIEW OF AGRICULTURE EXCHANGES FOR BIOPOWER: THEORETICAL AND METHODOLOGICAL CONCERNS AgEcon
Altman, Ira J.; Johnson, Thomas G..
This paper reviews theoretical and empirical advances in transaction cost economics with the intention of applying the theory to biopower fuel organization from agricultural sources in future research. This literature provides a useful framework that can inform organizational arrangements of emerging industries such as biomass exchanges for the power industry. Key Words: transaction cost economics, agricultural biomass exchange
Tipo: Conference Paper or Presentation Palavras-chave: Transaction cost economics; Agricultural biomass exchange; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/34686
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The Local Economic Impacts of Ethanol Plant Expansion: A Missouri Case Study AgEcon
Altman, Ira J.; Sanders, Dwight R.; Johnson, Thomas G..
Utilizing an input-output approach, this paper reports the local economic impacts from the expansion of an ethanol plant in Missouri. With the expansion ofthe U.S. ethanol industry in the form of both new and expandingplants both types of growth should be taken into account. This research estimates local economic impacts from an expanding ethanol plant as an example of what local impacts can be expected from the on-going growth in the U.S. ethanol industry. The results can have important ramifications for local businesses, grain producers, and property values.
Tipo: Article Palavras-chave: Financial Economics.
Ano: 2011 URL: http://purl.umn.edu/118953
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Scale as a Transaction Cost Variable in the U.S. Biopower Industry AgEcon
Altman, Ira J.; Klein, Peter G.; Johnson, Thomas G..
With increasing interest in renewable energy from agriculture, including biopower and cellulose ethanol, several aspects of the industry must be understood. Study of the organization of the biopower industry represents an under researched area and a new application of transaction cost theory to an emerging industry. Refinement of the theory can also result from challenging applications. This article provides an application of transaction cost economics to the existing United States biopower industry while challenging the empirical convention of excluding production cost variables from transaction cost analysis. Utilizing survey data from 53 biopower generators, scale is modeled as a transaction cost variable in explaining the choice of organizational...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/21141
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Producer-Level Hedging Effectiveness of Class III Milk Futures AgEcon
Sanders, Dwight R.; Schneider, Jonathan; Altman, Ira J..
Mailbox milk prices from a representative dairy operation in Illinois are used to gauge the farm-level hedging effectiveness of Class III milk futures. The results indicate a hedge ratio of 0.85 can reduce price risk by over 90%. The importance of seasonal basis components is highlighted.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2007 URL: http://purl.umn.edu/34983
Registros recuperados: 11
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