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September 15, 2021
Fed Cattle Pricing
DISCOVERY, DIVERGENT INCENTIVES, RISK MANAGEMENT,
AND FUTURE … well-informed trade; better manage
risk; and inform policy and regulatory … Marketing Cost, Flexibility, & Risk Management; 3)
Market Information …
September 1, 2011
Animal ID & Traceability
systems, the
United States risks becoming less competitive … becoming less competitive and risks losing market access. This … adoption of traceability programs.1
Methods
An economic …
August 1, 2011
Land Buying and Valuing
mathematics used in this paper can be handled with a
pencil … handled with a
pencil and paper and personal calculator … uncovered or developed in this paper should be invaluable to anyone …
September 1, 2009
Assessing Business Opportunities
vincent@ksu.edu
Background Paper of Presentation Made at the … Leadership Seminar
August 10, 2009
Abstract
Business d … …
March 4, 2025
Precision Ag and Technology Articles
solar storm, solar
particle events, agricultural technology … bushel per planted acre was at risk. Although
unprecedented during … precision agricultural era, the events of 10 May 2024 were not likely …
July 18, 2012
Energy
cost variability and greater risk management challenges ...........18
Figure … characterized by natural lag between profits and changes in slaughter … independence. Government programs supporting
that goal include …
July 18, 2012
Cash Prices & Marketing Strategies
cost variability and greater risk management challenges ...........18
Figure … characterized by natural lag between profits and changes in slaughter … independence. Government programs supporting
that goal include …
April 17, 2024
Hog Pricing
also directs the
Center for Risk
Management Education and … Joe’s
work focuses on risk
management and policy
solutions … innovative, resilient
and profitable. He is a
dedicated leader …
October 1, 2015
USDA METSS Project
Aggregation level: Weighted averages of the PPP of the product groups where weights are the
expenditures on the product groups as established in national accounts
The basket of goods used in the estimation of the PPP is a sample of goods and services used in the
estimation of GDP. Final list is approximately 3,000 consumer goods and services, 30 government
occupations, 200 equipment and 15 construction projects. They also often generate a significant portion
of their domestic public revenues through imposed barriers to trade such as tariffs.
From the foregoing, the prevalence of poverty may be influenced by the changes in the prices of goods
in a country’s basket of goods when the assumption of zero transaction costs and absence of trade
barriers fail to hold. Most developing countries experience significant transaction costs in traded goods
because of their dependence on imports. The extent of the violation of the law of one price is
2
exacerbated by the proportion of consumption that is imported and changing foreign exchange situation
in the country.
Research Question
To what extent do macroeconomic conditions in a developing country influence the prevalence of
poverty? The macroeconomic conditions of interest are exchange rates and inflation, measured by the
consumer price index (CPI). For simplicity purposes, the research question ignores the non‐trivial effect
of population growth on the prevalence of poverty.
The question is important because the performance of intervention projects aimed at reducing poverty
may be adversely affected by inimical macroeconomic conditions over which the projects have no
control. Understanding and measuring the effect of these macroeconomic conditions allow project
managers to make the necessary adjustments to their achievements to help effectively monitor and
evaluate project performance.
Background
Suppose the perfect world where the real exchange rate is constant over time between two countries,
say U.S. and Ghana. Suppose also that a basket of goods produced in U.S. and Ghana were identical and
completely tradable. The law of one price would suggest that net of transportation costs, arbitrage
would insure that the dollar price of the basket is identical between Ghana and the U.S. – this is the
basic theory of PPP determination.
Let us begin with an illustration of the changing PPP measured as national currency per U.S. dollar in the
Euro Zone and the UK (Figure 1). Between 2009 and 2014, UK’s PPP has been increasing while the EU’s
has been declining. This implies that for people living in the UK needed a declining quantity of British
Pounds to purchase the same basket of goods as would be purchased in the U.S. for given price in U.S.
dollars while those living in the Euro Zone needed an increasing quantity of Euros. A declining PPP is,
therefore, an indicator of a worsening economic condition for residents in a particular country.
Let us define the real exchange rate, Q, as follows:
…
September 14, 2016
Mandatory Price Reporting
director of
the Center for Risk
Management Education and … research in
livestock market risk
management, meat demand … research and extension
program has resulted in
more than …