Given the size and variability of U.S. federal outlays on agricultural support programs, alternative means of structuring and implementing the programs are frequently considered, particularly through private sector risk management institutions such as futures and option markets. The Option Pilot...

This study investigates whether alternative cash flow measures have an incremental information content over accounting measure. This study employes the arbitrage argument to establish an economic model which makes it possible to incorporate raw accounting variables into a return generating...

Government programs for agricultural commodities affect planting decisions and farm income for many producers. Many proposals to reduce federal expenditures are being considered for reform in the 1995 Farm Bill. In order to determine the effect of these proposals on both farmers and government,...

The purpose of this thesis is to develop a better methodology for the estimation of a division's cost of equity capital. Current procedures developed to address this problem have faced much resistance from the corporate community. The primary problem has been the inability to accurately measure...