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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

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...

2003

Boxall, Peter C., Miller, Jamie, Unterschultz, Jim

A simulation model of a ranch based in Southern Alberta was developed to evaluate the on-ranch economics of adopting different grazing management strategies to improve riparian health in rangeland. Under low cost scenarios, there are positive economic incentives to adopt strategies to maintain...

2001

Unterschultz, Jim, Jeffrey, Scott

Livestock operations in Alberta have a significant impact on the economy. Manure is a by-product of livestock production. The review of the science on manure examined the environmental impacts of manure. These impacts include water pollution, air pollution, climate change, and soil degradation....

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...

2009

Hotz, Joffre, Unterschultz, Jim

The provincial government of Alberta in Canada experiences a significant annual revenue variability arising from changes in crude oil and natural gas prices. This research evaluated whether Alberta's non-renewable revenue risk could be managed using a derivatives hedging program. Results from a...