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- 2010551024 abstract "Canola has become an important crop in the last decade in the U.S. Production of canola is risky and competes with other crops which have a range of risk reduction mechanisms. Alternative contracting strategies were evaluated by comparing returns to labor and management for growers and gross margins for processors. Alternative contracting strategies included no contract, fixed price with and without act of god provisions, and an oil premium contract. Grower returns and processor gross margins were simulated and resulting distributions were evaluated using stochastic efficiency with respect to a function. We estimated certainty equivalents and ranked contract preferences for both growers and processors by region in North Dakota. Grower and processor risk preferences varied by region. Producers and processors preferences differed for contract alternatives in the Northwest, Northeast and Eastcentral regions and were in agreement in the Northcentral region. This suggests that development of a single contract that would be widely adopted across the state would likely have to be altered by region to be acceptable to growers and processors.".
- 2010551024 contributor B12045065.
- 2010551024 contributor B12045066.
- 2010551024 contributor B12045067.
- 2010551024 created "[2010]".
- 2010551024 date "2010".
- 2010551024 date "[2010]".
- 2010551024 dateCopyrighted "[2010]".
- 2010551024 description "Canola has become an important crop in the last decade in the U.S. Production of canola is risky and competes with other crops which have a range of risk reduction mechanisms. Alternative contracting strategies were evaluated by comparing returns to labor and management for growers and gross margins for processors. Alternative contracting strategies included no contract, fixed price with and without act of god provisions, and an oil premium contract. Grower returns and processor gross margins were simulated and resulting distributions were evaluated using stochastic efficiency with respect to a function. We estimated certainty equivalents and ranked contract preferences for both growers and processors by region in North Dakota. Grower and processor risk preferences varied by region. Producers and processors preferences differed for contract alternatives in the Northwest, Northeast and Eastcentral regions and were in agreement in the Northcentral region. This suggests that development of a single contract that would be widely adopted across the state would likely have to be altered by region to be acceptable to growers and processors.".
- 2010551024 description "Includes bibliographical references (p. 33-34).".
- 2010551024 extent "vi, 56 p. :".
- 2010551024 hasFormat "Also available via the World Wide Web.".
- 2010551024 identifier AAE66320101124.pdf.
- 2010551024 identifier 95751.
- 2010551024 isFormatOf "Also available via the World Wide Web.".
- 2010551024 isPartOf "Agribusiness & applied economics report no. 663.".
- 2010551024 isPartOf "Agribusiness and applied economics report ; no. 663".
- 2010551024 issued "2010".
- 2010551024 issued "[2010]".
- 2010551024 language "eng".
- 2010551024 publisher "Fargo, ND : North Dakota State University, Dept. of Agribusiness & Applied Economics,".
- 2010551024 relation "Also available via the World Wide Web.".
- 2010551024 spatial "North Dakota.".
- 2010551024 subject "Canola Economic aspects North Dakota.".
- 2010551024 subject "Contracts, Agricultural North Dakota.".
- 2010551024 subject "HD9235.R32 U667 2010".
- 2010551024 subject "Oil industries North Dakota.".
- 2010551024 title "Contracting for canola in the Great Plains states / William W. Wilson and Bruce Dahl.".
- 2010551024 type "text".