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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...

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...

1994

Novak, Frank, Unterschultz, Jim

This study uses Vector Autoregressions to investigate and measure the relationship between Alberta slaughter steer prices, United States - Canada exchange rates, Texas slaughter steer prices, nearby live cattle futures prices and live animal exports to the United States (in dollars). The general...

1992

Novak, Frank, Armstrong, Glen W., Staples, Blaine, Bauer, Leonard

This project has examined after tax gross margin net present values accruing to Alberta wheat farmers under three fertilizer and crop rotation systems; a fixed rotation traditional fertilizer system, a static economic fertilizer decision system within a fixed rotation, and a static economic...

1995

Adamowicz, Wiktor, Armstrong, Glen W., Novak, Frank

One of the guiding themes for forest management policy throughout much of North America is sustained yield. The basic premise behind this theme is that a constant or non-declining flow of services from the forest is socially desirable. Unfortunately, the act of capturing the benefits of this...

1999

Novak, Frank, Jeffrey, Scott

This paper examines alternative risk management strategies in terms of their effectiveness for three representative Alberta farm operations. Stochastic dynamic simulation methods are used to model financial performance for these farms, and alternative risk management programs are compared in...

1997

Novak, Frank, Unterschultz, Jim

This research investigates flexible pricing and payment alternatives (FPPA) that can be incorporated within the CWB pooling system for wheat. FPPA allow the CWB to remove some or all of the price uncertainty within a crop year to participating farm managers and let them arrange cash inflows more...

2000

Unterschultz, Jim, Novak, Frank

The structure of the Alberta hog industry has changed drastically over the past several decades. Historically, Alberta hog production was mainly comprised of many small and privately owned operations. Most hog farms continue to be privately owned and operated but the structure of Alberta's hog...

1993

Novak, Frank, Eales, James, Munro, Earl

This study investigates the risk and return of retained ownership of steer calves past weaning, in Alberta. The study is approached using an historical simulation. The base simulation model is based on a producer retaining 100 beef steers every fall for the years 1979 to 1991. There are three...

1993

Bauer, Leonard, Novak, Frank

The majority of calf production in Alberta occurs in conjunction with grain growing enterprises. This study hypothesized that a major reason for this occurrence is the risk reduction opportunities which arise from on farm \"portfolios\" of grain and cattle. Annual rates of return were calculated...