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Skip to Search Results- 19Resource Economics and Environmental Sociology, Department of
- 11Resource Economics and Environmental Sociology, Department of/Project Reports (Resource Economics & Environmental Sociology)
- 8Resource Economics and Environmental Sociology, Department of/Working Papers (Resource Economics & Environmental Sociology)
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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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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...
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1993
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...
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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...
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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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An Econometric Analysis of the Relationship Between Alberta and United States Livestock Markets
Download1994
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...
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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...
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Reducing Investment Risk in Tractors and Combines with Improved Terminal Asset Value Forecasts
Download1996
Mumey, Glen, Unterschultz, Jim
Secondary asset market data for combines and tractors used to estimate and separate out historical economic depreciation, embodied technological change and time value change. Combines and tractors generally exhibit constant geometric economic depreciation on a year to year basis. Depreciation...
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Investment Analysis of Agri-Food Ventures: What Risk Premia are Appropriate? The Silence of the Literature
Download1996
Unterschultz, Jim, Quagrainie, Kwamena K.
Financial principles of project investment analysis with the cost and benefit flows over time. Invariably, the correct future cash flows and exact risks are unknown. The agricultural academic literature devotes substantial energy to discussing the estimation of the cash flows but it is relatively...
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1996
Mumey, Glen, Unterschultz, Jim
A farmer planning to use Net Present Value (NPV) analysis on machinery requires estimates of operating benefits over time, an estimate of terminal or salvage values and a risk-adjusted discount rate. Using financial market information and related Root Mean Square Errors on machinery value...