2010 - CAES Workshop

CAES Risk Management Workshop

Date Monday, April 12, 2010
Venue UBC Robson Square, 800 Robson Street, Vancouver, BC Canada V6Z 3B7, Fax: 604-822-0070, Tel: 604-822-3333, Email:
Description Agriculture Risk Management and Commodity Market Analysis Workshop involving discussion paper presentations on various aspects of commodity price analysis, production and marketing uncertainty, and risk management strategies. Presentations by Canadian and U.S. agricultural economists will range from applications of time series econometrics for analyzing commodity prices to applied topics such as basis irregularities in Canada's canola market and the outlook for the Canadian pork sector.
Topics Topics will include: Changing canola yields in an uncertain environment, carbon pricing in European markets, endogenous basis risk in North American rice markets, spatial price analysis for western Canadian canola markets, behavioral economics and uncertainty, and corn returns under alternative marketing strategies. Please see the "Program and Abstracts" section below for details.
Sponsors

The CAES is grateful for financial support from our sponsors:

  • Canadian Agricultural Innovation and Regulation Network (CAIRN)
  • Knowledge Impact in Society (KIS) Research Group
  • Structure and Performance of Agriculture and Agri-Products Industry Network (SPAA)
  • UBC Masters of Food and Resource Economics (MFRE) Program
Registration

You may register for the workshop in one of in two ways: 1. securely online, or, 2. by sending a PDF application form and payment via regular mail or fax.

Option 1: Fill out, submit and pay online
Registration forms are filled out and submitted electronically and payments made securely through PayPal. PayPal will provide you with an automatic receipt as confirmation of payment. If you require further proof of payment from the CAES, please contact Valerie Johnson at the . Note that the online application is NOT complete until payment has been finalized through PayPal. If you prefer to pay by cheque, please choose Option 2 below.

Option 2: Download a PDF form and mail or fax it with payment
Please send your form and payment to: Valerie Johnson, Executive Director, Canadian Agricultural Economics Society, Department of Economics, University of Victoria, Room 360, Business and Economics Bldg, PO Box 1700, STN CSC, Victoria, BC V8W 2Y2; Fax: 866-543-7613. Cheques should be provided in Canadian funds only, drawn on a Canadian bank and made payable to CAES.

Accommodation

There are several hotels located around Robson Square, including:
The Sylvia Hotel, The Listel Hotel - Hotel Vancouver - Comfort Inn Downtown - Holiday Inn Vancouver Downtown - Rosedale on Robson - Westin Grand Vancouver - Wedgewood Hotel - Sutton Place - Metropolitan - Four Seasons

There are also a few Bed and Breakfasts:
O Canada House - Kingston Hotel Vancouver - Victorian Hotel

Schedule
8:15 - 8:30 Introductions
8:30 - 10:10 Session 1
10:10 - 10:30 Break
10:30 - 12:10 Session 2
12:10 - 1:20 Lunch
1:20 - 3:00 Session 3
3:00 - 3:20 Break
3:20 - 5:00 Session 4

Informal Arrangements TBA for dinner and evening socializing.

Program, Abstracts, Presentations
  • To download a PDF of the workshop program, please click HERE.
  • To download a PDF of the presentation abstracts, please click HERE.
  • To view a specific abstract for any of the presentations below, please click on the word "Abstract" beside the title of the presentation of interest.
  • To view a PDF of any of the presentations below, please click on the line "Presentation" beside the title of the presentation of interest.

Session 1: Time Series Methods for Price and Yield Analysis

Moderator: Julieta Frank (University of Manitoba)

Thorsten Egelkraut (Oregon State University)
The Term Structure of Implied Forward Volatility: Recovery and Informational Content in Selected Agricultural Futures Options
Abstract, Presentation

Alan Ker (University of Guelph)
Modeling Yields with Mixture Distributions and GARCH Processes
Abstract, Presentation

Joseph Janzen (University of California-Davis)
Examining the Link between Futures Market Liquidity and Funding Liquidity: The Case of Cotton Merchants in March 2008
Abstract, Presentation

Ali Doroudian (UBC-Land and Food Systems)
Speculation in the Futures Market and Spot Price Volatility: The Case for Rice
Abstract, Presentation

Session 2: Mixed

Moderator: Fabio Mattos (University of Manitoba)

Karina Gallardo (Washington State University)
Experience Attributes and Willingness-to-Pay: The Case of Anjou Pears
Abstract, Presentation

Nick Paulson (University of Illinois)
A Real Option Approach to RINs Pricing
Abstract, Presentation

Richard Carew (Agriculture and Agri-Food Canada-Summerland)
Effects of Fertilizer, Technology, Weather, and Biodiversity on Canola Productivity
Abstract, Presentation

Peter Bell and Hugh Scorah (UBC and University of Victoria)
Are the European Carbon Markets Efficient Replication Project
Abstract, Presentation

Session 3: Commodity Marketing

Moderator: Karina Gallardo (Washington State University)

Richard Vyn (University of Guelph-Ridgetown Campus)
Comparing Returns for Grain Corn Production under Various Marketing Strategies
Abstract, Presentation

Julieta Frank (University of Manitoba)
Investigation of the Linkages among Agricultural, Oil, and Exchange Rate Markets
Abstract, Presentation

Derek Brewin (University of Manitoba)
Spatial Elements of the Procurement Strategies for Canola Crushers in Western Canada
Abstract, Presentation

Kara Gray (Canadian Canola Growers Association)
"I Think That's a Good Price"
Abstract, for the PDF presentation, please contact the author at

Session 4: Risk Management

Moderator: Nick Paulson (University of Illinois)

Shannon Neibergs (Washington State University)
Cross Hedging Alfalfa Using Corn Futures Contracts
Abstract, Presentation

Fabio Mattos (University of Manitoba)
Behavioral Dimensions of Decision Making in Grain Marketing
Abstract, Presentation

Alfons Weersink (University of Guelph)
Price Volatility, Margin Calls and Hedging Decisions
Abstract, Presentation

Ken McEwan (University of Guelph-Ridgetown Campus)
Canadian Pork Industry - What Lies Ahead?
Abstract, Presentation