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- 2Risk management
- 11995/2004
- 1Canada, Alberta
- 1Economic depreciation
- 1Farm management
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Hedging Alberta Government's Oil and Gas Revenue: Is Acting Like a Farmer a Viable Strategy?
Download2009
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...
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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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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...