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Grain Farmers (grain + farmer)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

Investment planning under uncertainty and flexibility: the case of a purchasable sales contract*

AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 1 2008
Oliver Musshoff
Investment decisions are not only characterised by irreversibility and uncertainty but also by flexibility with regard to the timing of the investment. This paper describes how stochastic simulation can be successfully integrated into a backward recursive programming approach in the context of flexible investment planning. We apply this hybrid approach to a marketing question from primary production which can be viewed as an investment problem: should grain farmers purchase sales contracts which guarantee fixed product prices over the next 10 years? The model results support the conclusion from dynamic investment theory that it is essential to take simultaneously account of uncertainty and flexibility. [source]

Policy reform and farmers' wheat allocation in rural China: a case study,

AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 2 2005
David Buschena
Market-oriented policy reforms often have important effects on farm-level grain production and utilisation decisions in developing countries. China's grain farmers are of particular interest because of China's importance in world grain markets and because of China's recent major agricultural policy advances and retrenchments. An empirical evaluation of market liberalisation among farmers located in two provinces in China on farm-level wheat consumption, market sales and on-farm storage during 1994 is presented. The results indicate that policymakers should account for such changes in farm household behaviour in designing and assessing the consequence of market liberalisation programs for agricultural sectors in developing countries. [source]

Assessing Producer Stated Preferences for Identity Preservation in the Canadian Grain Handling and Transportation System

CANADIAN JOURNAL OF AGRICULTURAL ECONOMICS, Issue 3 2008
Darren Barber
Agricultural biotechnology will create a new set of challenges for the bulk grain handling and transportation system (GHTS) in Canada. The implementation of a credible grain identity preservation system to segregate genetically modified (GM) from non-GM grain remains an important and unresolved issue for the industry. Furthermore, the attitude of producers toward the design of an identity preserved grain supply chain is not well understood. Using a 2003 survey of Saskatchewan grain farmers developed by the authors, we employ conjoint analysis to evaluate producer attitudes and trade-offs among four hypothetical grain handling systems. The results indicate that farmers in the region will require significant economic incentives to adopt on-farm segregation methods when compared to methods that segregate grain at the elevator level. Les biotechnologies agricoles vont engendrer de nouvelles préoccupations pour le système de manutention et de transport du grain (SMTG) en vrac au Canada. La mise en uvre d'un système de ségrégation des céréales génétiquement modifiées (GM) et non génétiquement modifiées (NGM) demeure un problème important non résolu pour l'industrie. De plus, l'attitude des producteurs envers la mise en place d'une chaîne d'approvisionnement de céréales à identité préservée n'est pas bien comprise. À l'aide d'un sondage que nous avons mis au point et effectué auprès des producteurs de céréales de la Saskatchewan, nous utilisons l'analyse conjointe pour évaluer l'attitude et les options des producteurs par rapport à quatre systèmes hypothétiques de manutention des céréales. Les résultats ont montré que les producteurs de la province exigeront d'importants stimulants économiques pour adopter des méthodes de ségrégation à la ferme comparativement aux méthodes de ségrégation en vigueur aux silos à céréales. [source]

China's New Rural Income Support Policy: Impacts on Grain Production and Rural Income Inequality

CHINA AND WORLD ECONOMY, Issue 6 2006
Nico Heerink
D58; Q12; Q18 Abstract This paper analyses the impact of agricultural tax abolition and direct income payments to grain farmers on grain production and rural inequality in China. To separate the impact of the income support measures from recent price trends for grains and inputs, and to account for differences in household responses, we use a village-level general equilibrium model that we calibrate for two villages with different degrees of market access in Jiangxi province. The results show that the income support policy does not reach its goal of promoting grain production. The increased incomes allow farm households to buy more inputs for livestock production and involve other activities that are more profitable than grain farming. Selling of rice outside the villages declines more than rice production, because households in the villages consume more rice when incomes rise. We further find that the income support measures tend to reduce income within a village, but that tax abolition tends to widen income inequality between villages. (Edited by Zhinan Zhang) [source]