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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...

1998

Unterschultz, Jim, Gurung, Rajendra Kumar, Lerohl, Mel, Peng, Yanning

The formation of new industries is an important economic phenomenon, and a driving force that propels industrial development and heralds economic growth. It is important to understand the fundamentals of new industry development in order to understand how industries start and grow. This is the...

1992

Lerohl, Mel, Magnusson, Gisele M.

A retrospective revised net revenue, partial equilibrium, linear programming model is developed for feedgrain trade between Alberta and eleven north west states of the United States. The model is run under six different policy scenarios over a five years period, 1984 to 1988. Alberta is divided...

1995

Novak, Frank, Viney, Bruce

This study evaluates the risk and returns to cattle feeding in Alberta from the application of alternative marketing and pricing strategies. Feedlot finishing of 650 pount calves and 800 pound yearlings is modeled over the years from 1980 to 1993. The results of the study are based on the...

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...

1992

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...

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...