Project Reports (Resource Economics & Environmental Sociology)
Items in this Collection
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1994
Schnitkey, Gary D., Novak, Frank
In this paper, we examine risk reductions possible by including off-farm assets with farm assets in a form growth context. We specify a dynamic investment model in which an individual can invest in hog finishing barns, stocks, and financial holdings. We solve this model for an Alberta hog...
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1992
Novak, Frank, Melvin, Richard, Dailly, Sally, Bauer, Leonard
The objectives of this study were to measure returns and the variation in returns for hog finishers in Alberta. From this base, different strategies were assessed as to their ability to reduce the level of price risk faced by producers. The National Tripartite Stabilization Program was reviewed...
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Assessment of the Effect of the Policy Environment on Farm Decision-Making: Aggregate Acreage Response in the Canadian Prairies Under the Western Grains Stabilization Program
Download1992
Novak, Frank, Lerohl, Mel, Miranda, Mario J.
An aggregate acreage supply model for the Canadian prairie provinces is estimated under the assumption that farmers base acreage allocation decisions on the rational ex-ante expectation and variance of net per hectare revenue. In order to account directly for the effects of government...