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Machinery-sharing provides an alternative for smaller producers to obtain the efficiencies of large farming operations and remain competitive in an increasingly concentrated agricultural industry. This research uses a multiple case study design to examine the motivations for sharing equipment...
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This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on … efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period … the new contract improving the efficiency of the market. However, other market conditions such as lower transaction costs …
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