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A Comparative Evaluation of Cash Flow and Batch Profit Hedging Effectiveness in Commodity Processing
Dahlgran, Roger A. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2006
an agribusiness firm to use cash flow as a plant-investment criterion and then to completely discard cash flow in favor …
Persistent link: https://www.econbiz.de/10005804787
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MARKET DYNAMICS ASSOCIATED WITH A BEEFPACKING PLANT CLOSING AND A PORKPACKING PLANT OPENING
Hornung, Jonathan T.; Ward, Clement E. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2003
Previous research has estimated price effects of meat packing plant closings and openings. However, none have been done for plants opening or closing during the last 20 years ago when concentration in meatpacking increased rapidly. Plant openings and closings affect industry slaughtering...
Persistent link: https://www.econbiz.de/10005503836
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TRANSACTION FREQUENCY, INVENTORIES AND HEDGING IN COMMODITY PROCESSING
Dahlgran, Roger A. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2004
This study examines hedging strategies for commodity processors generally and soybean crushers specifically. Processors require hedging strategies built around processing multiple batches each year. Each batch requires the purchase of inputs, transformation of inputs into outputs, and sale of...
Persistent link: https://www.econbiz.de/10005513492
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Style and Performance of Agricultural Market Advisory Services
Cabrini, Silvina M.; Irwin, Scott H.; Good, Darrel L. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2005
This paper describes the degree of marketing activeness of market advisory programs for corn and soybeans, and analyzes … marketing programs are based on superior information and/or analytical skills. …
Persistent link: https://www.econbiz.de/10005459786
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Hedging Cash Flows from Commodity Processing
Dahlgran, Roger A. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2005
an agribusiness firm to use cash flow as a plant-investment criterion and then to completely discard cash flow in favor …
Persistent link: https://www.econbiz.de/10005459790
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PORTFOLIOS OF AGRICULTURAL MARKET ADVISORY SERVICES: HOW MUCH DIVERSIFICATION IS ENOUGH?
Cabrini, Silvina M.; Stark, Brian G.; Irwin, Scott H.; … - NCR-134 Conference on Applied Commodity Price Analysis, … - 2004
This study analyzes the potential risk reduction gains from naive diversification (equal-weighting) among market advisory services for corn and soybeans. The total possible decrease in risk through naive diversification is small, mainly because advisory prices are highly correlated on average....
Persistent link: https://www.econbiz.de/10005801182
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RISK MANAGEMENT TECHNIQUES FOR AGRICULTURAL COOPERATIVES: AN EMPIRICAL EVALUATION
Manfredo, Mark R.; Richards, Timothy J.; McDermott, Scott - NCR-134 Conference on Applied Commodity Price Analysis, … - 2003
While not ignoring risk, agricultural cooperatives tend to accommodate risk through the holding of internal capital reserves rather than engage in active risk management. A lack of information regarding the risk, returns, and the effect on cooperative financial performance of both traditional...
Persistent link: https://www.econbiz.de/10005220906
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EVALUATION OF HEDGING IN THE PRESENCE OF CROP INSURANCE AND GOVERNMENT LOAN PROGRAMS
Zuniga, Manuel; Coble, Keith H.; Heifner, Richard G. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2001
This research evaluates the interaction of new alternative insurance designs, forward pricing tools and the government revenue protection program while assuming a government loan program is in place. A numerical analysis is conducted using a revenue simulation model that incorporates futures...
Persistent link: https://www.econbiz.de/10005805807
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The Role of the Bid-Ask Spread in a Dynamic - Time-Varying Optimal Hedging Model
Haigh, Michael S. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2001
This paper presents a manageable and effective way of nesting two popular, yet distinct approaches to obtain optimal hedging ratios - time-series econometrics (GARCH) and dynamic programming (DP). The nested DP-GARCH model is then compared to a DP-GARCH model that accounts for variability in the...
Persistent link: https://www.econbiz.de/10005805808
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Modeling Farmers' Use of Market Advisory Services
Pennings, Joost M.E.; Irwin, Scott H.; Good, Darrel L. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2001
In an effort to improve marketing of their products, many farmers use market advisory services (MAS). To date, there is … their marketing plans, and how they choose among these services. Based on the literature on consulting services usage, a … the match between the MAS and the farmer's marketing philosophy drive MAS usage. To account for possible heterogeneity …
Persistent link: https://www.econbiz.de/10005805809