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Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...
Persistent link: https://www.econbiz.de/10009443416
This paper summarizes the results of a survey of a stratified, random sample of 630 hog operations in Indiana and Nebraska. The survey was conducted in March and April, 2000 with support of a research grant to contribute to the development of a knowledge base to guide the design and...
Persistent link: https://www.econbiz.de/10009444139
The abolition of the milk quota regime in April 2015 will provide the opportunity for many profitable Irish dairy farms to increase their production levels. Market risk will influence the decision-making process at the farm level. Dairy farmers have acquired more recent experience of market risk...
Persistent link: https://www.econbiz.de/10010881669
Persistent link: https://www.econbiz.de/10010917193
Persistent link: https://www.econbiz.de/10010923338
Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...
Persistent link: https://www.econbiz.de/10005330775
This paper identifies and assesses the efficiency of major modes for risk governance in Bulgarian dairy farming. Firstly, New Institutional Economics is incorporated and framework for analyzing governance of natural, market, private, and social (institutional) risks presented. Next, major types...
Persistent link: https://www.econbiz.de/10005039525
The aim of this paper is to give an overview of the risk attitudes of Hungarian sheep producers regarding the changes they have had to go through since the political changes of 1989-1990. Moreover, the objective of this study is to strengthen the empirical basis for risk analysis by identifying...
Persistent link: https://www.econbiz.de/10005536080
Historically, managers in livestock production have focused on production management; however, as operations have grown they have spent more time managing employees. Increased time spent overseeing employees brings additional risks and challenges, and, hence, a greater need for human resource...
Persistent link: https://www.econbiz.de/10005513951
This research develops a mixture regression model that is shown to have advantages over theclassical Tobit model in … flexibility in distributional assumptions while nesting the classic Tobit model. A simulated data set is utilized to assess the … potential loss in efficiency from model misspecification, assuming the Tobit and a zero-inflated log-normal distribution, which …
Persistent link: https://www.econbiz.de/10009443269