Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the...

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

The paper examines empirical returns from holding thirty- and ninety-day call and put positions,and the forecasting performance of implied volatility in the live and feeder cattle optionsmarkets. In both markets, implied volatility is an upwardly biased and inefficient predictor ofrealized...

This paper investigates whether the accuracy of outlook hog price forecasts can be improvedusing composite forecasts in an out-of-sample context. Price forecasts from four wellrecognizedoutlook programs are combined with futures-based forecasts, ARIMA, andunrestricted Vector Autoregressive (VAR)...

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This study assesses the determinants of income diversification of farm households in the Western Region of Ghana. A censored Tobit regression model was used to find the determinants of the degree of income diversification measured by the Simpsons Index of Diversity (SID). The results indicate...

Competitiveness and competition are basic categories of the market economy. While analyzing the foreign trade they acquire an international aspect. After the Polish accession to the EU, the Polish dairy industry showed a very favourable performance as regards the foreign trade, which can confirm...

The aim of this research was an attempt at indicating the Polish agriculture’s place in the EU-27 agriculture basing on the outputs realized, the inputs and the results obtained by farms. Data from the FADN database was used. It was the weighted averages per farm in each of the 27 EU member...

This study compares the effect of Common Agricultural Policy implementation on comparative advantages of livestock production in four selected countries, namely Czech Republic, Hungary, Poland and Slovakia (V4). The comparative advantage of Czech Republic’s bovine production as well as...

The paper is a direct continuation of the series of authors articles concerning the construction of new indicators of concentration. In this paper it was considered measures of structures diversity. In the work on the example of structure of agricultural holdings in the European Union in 2003...