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AN ECONOMIC ANALYSIS OF THE NORTH DAKOTA CATTLE INDUSTRY AgEcon
Koo, Won W.; Duncan, Marvin R.; Taylor, Richard D.; Aakre, Dwight G.; Swenson, Andrew L..
The analysis was conducted to evaluate the impacts of both the Federal Agricultural Improvement and Reform Act of 1996 (FAIR) and the cattle cycle on the livestock enterprises. The North Dakota Representative Farm and Ranch Model, which uses the Food and Agricultural Policy Research Institute price projections as an input, was developed and used for this analysis. Net farm income and farm debt-to-asset ratios for the average and large beef cattle farms were analyzed. The U.S. cattle industry has been characterized by cyclical variations in production and prices. It appears that the current cattle cycle is in the final stages of expansion. Cattle numbers continued to increase during 1995, but at a slow rate. Industry estimates are that the bottom of...
Tipo: Working or Discussion Paper Palavras-chave: Livestock; Representative farms; Cattle cycle; Production Economics.
Ano: 1996 URL: http://purl.umn.edu/23339
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Dynamic Assessment of Bertrand Oligopsony in the U.S. Cattle Procurement Market AgEcon
Ji, In Bae; Chung, Chanjin.
The new empirical industrial organization approach with the Bertrand model is employed to measure the oligopsony market power in the U.S. cattle procurement market. The assumption of price competition (Bertrand model) based on the nature of cattle production such as cattle cycle and seasonality is used and compared to quantity competition (Cournot model). The empirical results show that the oligopsony market power exists in the U.S. cattle procurement market. The cattle cycle and seasonality affect the oligopsony market power and the cattle cycle causes the change of market power. However, concentration has a negative effect on the oligopsony market power.
Tipo: Conference Paper or Presentation Palavras-chave: Cattle cycle; Concentration; Market power; NEIO; Oligopsony; Seasonality; Agribusiness; Demand and Price Analysis; Industrial Organization; Livestock Production/Industries; Marketing; Q13; L13; L16.
Ano: 2011 URL: http://purl.umn.edu/103558
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O ciclo pecuário no Brasil: uma análise usando a metodologia da dinâmica de sistemas AgEcon
Braganca, Raissa Carvalho; Bueno, Newton Paulo.
The purpose of the paper was to study if the dynamics of the Brazilian cattle stocks can be better explained by systemic endogenous factors or either by exogenous changes on beef demand. The conclusion, as proposed by the theory of the cattle cycle, was that systemic factors related to the adoption of the stabilization program in 1994 were apparently more important in explaining the stagnation of the Brazilian herd since 2000. The main policy implication of this conclusion is that it seems to have a space for stabilizing de dynamics of the system through adequate public policies. The methodology used was system dynamics which allows to trace the critical feedback loops that drive de cattle cycle and to identify possible leverage points in the system,...
Tipo: Journal Article Palavras-chave: Cattle; System dynamics; Cattle cycle; Commodities; Economic policy; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/95069
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THE BEEF COW REPLACEMENT DECISION AgEcon
Mathews, Kenneth H., Jr.; Short, Sara D..
This analysis examines effects of several common assumptions on net present values (NPVs) of beef cows. While effects on NPVs vary over a price cycle or successive price cycles, several generalities manifest themselves. A cow is not likely to recover the lost revenue from not having just one calf. Incorporating genetic improvement into the herd increases the probability of an older cow being culled. Variable net replacement/culling rates make sense in the context of cattle inventory and price cycles because of the effects cyclical series of prices have on NPV.
Tipo: Journal Article Palavras-chave: Asset replacement; Cattle cycle; Cull; Net present value; Livestock Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/14695
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