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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

Akabua, Kojo M., Bauer, Leonard, Phillips, William E.

The objective of this study was to analyze the performance of Alberta farmland relative to investment opportunities from financial securities. It is an extension of an earlier study undertaken by Mercier (1988) and Philllips et al. (1989). This study re-examines the period from 1964 to 1985, and...

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...

1992

Unnevehr, Laurian J., Eales, James

An inverse of the Almost Ideal Demand System, the IAIDS, is developed in order to test the endogeneity of prices and quantities in the U.S. meat demand system. The IAIDS has all the desirable theoretical properties of the AIDS except aggregation from the micro to the market level. Using annual...

1992

Moerth, Carol A., Lacuna-Richman, Celeste, Bauer, Leonard, Gill, Dhara S.

A central role of the farm operator, and one that determines the ability of the operator to cope with uncertainty, is the making of decisions. The situations which necessitate decisions on the farm are complicated by the dual nature of the farm household which encompasses two separate, yet...

1992

Eales, James

The demand for meat in Canada is examined in a manner similar to previous work by Chen and Veeman, Moschini and Meilke, and Reynolds and Goddard. The current effort differs from previous studies in two important ways. First, beef demand is disaggregated into ground beef and table cut beef. This...

1992

Eales, James

Lewbel (1989) offered a demand model which nested both the indirect translog (ITL) of Christensen, Jorgensen, and Lau (1977) and almost ideal demand system (AIDS) of Deaton and Muellbauer (1980a, 1980b). It has the advantage, then of allowing the applied demand analyst to test the restrictions...