A mixed integer, goal programming model designed to aid in management of a meat packing plant is presented along with empirical applications demonstrating its use. Data collection, model conceptualization, model|data development, model refinement, and model use phases are discussed. The...

Much opportunity exists to increase economic returns from the artificial insemination, dairy sire selection decision. This article measures potential returns to producers with alternative objective functions, management and financial characteristics. The costs of wrong decisions from incorrect...

This study examines the market efficiency hypothesis of US major grain markets. Cointegration among grain spot prices is argued to violate the weak form of the efficient market hypothesis (EMH). Bivariate and multivariate Johansen cointegration analyses are conducted and prove no presence of...

An institutional arrangement and contracting procedure by which external suppliers could potentially satisfy the demand for farm equity in a profit and loss sharing arrangement is outlined. An accounting schedule for calculating the equity division of owner and external equity is developed and...

This study reviews profit and loss sharing instruments used in Islamic banking. It is argued that US financial intermediaries can use profit and loss sharing instruments to provide external equity capital needed to finance agricultural production. Such an innovation would help reduce financial...

U.S. companies use interest rate swaps more than any other financial derivative. The effect of swap usage on the shareholders' wealth is both controversial and unclear. Using a sample from the food processing industry, we examined both short-run and long-run wealth effects associated with swap...

The American Bankers Association (ABA) initiated an assessment of the role of banks in providing credit and other financial services to the farm sector. The study reviews the trends in banking; projects the future economic conditions in agriculture; provides an assessment of the existing...

The impact of beginning equity, credit limits imposed by lenders, and changes in land values on farm survival, changes in equity position and farm success (measured by the probability of a positive net present value of returns) are evaluated. Whole-farm, Monte Carlo simulations for Texas...

As authors of a previous study questioning the strength of the relationship between EVA and shareholder value, and in light of the arguments posed by Keefe and Roush, we revisit the relationship between EVA and shareholder return and reexamine the evidence and issues surrounding the use of EVA...