scholarly journals Hedging Urea for Forestry Applications in the US South

2006 ◽  
Vol 30 (3) ◽  
pp. 142-146 ◽  
Author(s):  
Brooks C. Mendell

Abstract This article introduces hedging with futures contracts as a risk management strategy in forestry. It tests and indicates the feasibility of using newly available urea futures contracts traded on the Chicago Mercantile Exchange to hedge urea, the most common nitrogen fertilizer usedin forest management. A significant direct price movement relationship exists between urea cash prices and urea futures. In detailing how to implement this hedge, net realized urea prices are calculated for two fertilization seasons for the US South in 2004 and 2005. Both hedges reduce thegap between expected costs and actual out-of-pocket costs relative to unhedged urea purchases. These results suggest that urea futures contracts can effectively reduce price risk, defined as unexpected price changes, for forestry applications. The newness of the urea futures contract, whichbegan trading in May 2004, limits the ability to assess the long-term impacts on the SD of net realized cash costs for urea over longer time frames. South. J. Appl. For. 30(3):142–146.

2018 ◽  
Vol 35 (4) ◽  
pp. 133-136
Author(s):  
R. N. Ibragimov

The article examines the impact of internal and external risks on the stability of the financial system of the Altai Territory. Classification of internal and external risks of decline, affecting the sustainable development of the financial system, is presented. A risk management strategy is proposed that will allow monitoring of risks, thereby these measures will help reduce the loss of financial stability and ensure the long-term development of the economy of the region.


2003 ◽  
pp. 72-80
Author(s):  
László Kozár

The greataest risk tograin production is fluctuation in market prices, which is over 50% over the course of a year; and year by year, as well. There are real market circumstances in the grain market, instead of state guaranteed fix prices, which was the norm under the former political system.According to the general opinion of producers, losses come from their defencelessness against buyers. The real situation is that price risk can be managed by suitable market strategy, and loss production can be avoided.Hungary has a futures market (which is organized according to the CBOT system) in the grain sector, which is an unique institute in Europe. This organisation is suitable for hedge businesses and it has convenient technical and institutional background.There are two possibilities to make hedge business. One of them is the short hedge with futures contract when the producer sells his product for long term if an acceptable profit is included in market price. In this case seller can protect himself against low market prices.This technique can be considered as professional for price risk management, but possibly has financial cost because of the weak financial situation of Hungarian producers this solution seems expensive for them.There is an other possibility in the Commodity Exchange for manage price risk, that is the option technique. This solution is suitable for insure prices as well, and has an other additional advantage, namely: there is no financial costs in this case.


Religions ◽  
2019 ◽  
Vol 10 (9) ◽  
pp. 510
Author(s):  
Lee Bloch

According to a prophecy told in a small, Muskogee-identified community in the US South, the seeds of Indigenous ways of knowing and relating to more-than-human kin will once again flourish in the ruins of colonial orders. Even settlers will be forced to turn to Indigenous knowledges because “they have destroyed everything else”. Following this visionary history-future, this article asks how Indigenous diplomacies and temporalities animate resurgent possibilities for making life within the fractures (and apocalyptic ruins) of settler states. This demands a rethinking of the global and the international from the perspective of deep Indigenous histories. I draw on research visiting ancestral landscapes with community members, discussing a trip to an ancient shell mound and a contemporary cemetery in which shells are laid atop grave plots. These stories evoke a long-term history of shifting and multivalient shell use across religious and temporal differences. They speak to practices of acknowledgement that exceed liberal settler regimes of state recognition and extend from much older diplomatic practices.


2004 ◽  
Vol 07 (02) ◽  
pp. 85-99 ◽  
Author(s):  
MARTIAL V. GUINVARC'H ◽  
JACQUES JANSSEN ◽  
JEAN E. CORDIER

To respond to financial compound risk of farmers, two multiplicative derivative contracts, called respectively revenue futures contract and revenue put option, are proposed. The paper presents the theoretical management strategy of such a contract under the constraint that price and crop yield futures contracts are quoted. A financial intermediary can thus develop a risk-free management strategy to build a revenue futures contract. This paper opens perspectives on risk management for farmers, on completeness of markets and on new financial intermediation.


2021 ◽  
pp. 335-348
Author(s):  
Senaka Basnayake ◽  
N. M. S. I. Arambepola ◽  
Kishan Sugathapala ◽  
Dilanthi Amaratunga ◽  
G. A. Chinthaka Ganepola ◽  
...  

Author(s):  
Severin CAZANESCU ◽  
Raluca Alexandra CAZANESCU

Sustainable development means to protect and improve environment for future generation use. An effective protection requires action to limit global warming prevention catastrophic phenomena, such as severe floods or long-term droughts, and safeguarding people from their effects. Analyzing these phenomena evolution, the Romanian specialized institutes have adopted a new approach and developed a modern strategy, based on the latest hydrological theory available worldwide. According to this strategy, the Romanian authorities have begun to develop and implement new norms and technical regulations. These norms and technical regulations have fully changed the previous approach of the storm and runoff modelling in Romania. The paper presents the modeling methods of the design storm and overland runoff, which have been the base of the new norms and regulations (Romanian Standard SR 1846-2/2006, “National medium and long-term flood risk management strategy”, “Methodology for the establishment of the hydrographic basins exposed to floods”) and points out their implications in the environmental protection, water management field and in the fight against extreme meteorological phenomena such as severe floods and droughts.


2016 ◽  
Vol 145 (2) ◽  
pp. 217-226 ◽  
Author(s):  
R. J. DUINTJER TEBBENS ◽  
K. M. THOMPSON

SUMMARYIf the world can successfully control all outbreaks of circulating vaccine-derived poliovirus that may occur soon after global oral poliovirus vaccine (OPV) cessation, then immunodeficiency-associated vaccine-derived polioviruses (iVDPVs) from rare and mostly asymptomatic long-term excretors (defined as ⩾6 months of excretion) will become the main source of potential poliovirus outbreaks for as long as iVDPV excretion continues. Using existing models of global iVDPV prevalence and global long-term poliovirus risk management, we explore the implications of uncertainties related to iVDPV risks, including the ability to identify asymptomatic iVDPV excretors to treat with polio antiviral drugs (PAVDs) and the transmissibility of iVDPVs. The expected benefits of expanded screening to identify and treat long-term iVDPV excretors with PAVDs range from US$0.7 to 1.5 billion with the identification of 25–90% of asymptomatic long-term iVDPV excretors, respectively. However, these estimates depend strongly on assumptions about the transmissibility of iVDPVs and model inputs affecting the global iVDPV prevalence. For example, the expected benefits may decrease to as low as US$260 million with the identification of 90% of asymptomatic iVDPV excretors if iVDPVs behave and transmit like partially reverted viruses instead of fully reverted viruses. Comprehensive screening for iVDPVs will reduce uncertainties and maximize the expected benefits of PAVD use.


2014 ◽  
Vol 48 (3) ◽  
pp. 691-733 ◽  
Author(s):  
BRIAN WARD

In this forum, seven established scholars of the US South, working from a variety of institutional and intellectual bases, discuss the latest developments in southern studies, connecting them to broader trends within American studies and in their own home disciplines, particularly literature, cultural studies, and history. Critically engaging with recent work in the New Southern Studies, the participants consider the importance – or otherwise – of recent theoretical, especially transnational and interdisciplinary, moves within the field of southern studies. In the process, the contributions, individually and collectively, offer a provocative assessment of what has been really innovative and of lasting significance in the field over the past decade. Equally important, the essays contemplate the topics, time frames and analytical techniques that might drive important research in both southern and American studies in the future.


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