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Contracting for Canola in the Great Plains States

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  • William W. Wilson
  • Bruce Dahl

Abstract

type="main" xml:lang="fr"> La culture du canola aux États-Unis a crû considérablement au cours de la dernière décennie. Cette culture comporte des risques et rivalise avec d'autres cultures pour lesquelles divers mécanismes de réduction des risques ont été mis en place. Les transformateurs élaborent et offrent des contrats assortis de spécifications diverses qui permettent aux producteurs de réduire les risques et qui créent un attrait pour la culture du canola. Dans la présente étude, nous avons évalué, sur le plan du risque et du rendement, des stratégies contractuelles pré-ensemencement à l'intention des producteurs et des transformateurs. Le premier type de contrats proposés comprend un prix fixe pour une variété spécifique, avec ou sans clause en cas de catastrophes naturelles, alors que le deuxième type est fondé sur une prime pour le canola destiné à la trituration. Nous avons simulé le rendement du producteur et la marge brute du transformateur et nous avons évalué les résultats sous l'angle de l'efficience stochastique. Dans la zone où la culture du canola domine, les producteurs préféreraient des contrats assortis d'un prix fixe pour une variété spécifique comparativement à des contrats comprenant un prix plus élevé pour le canola destiné à la trituration. Seuls les triturateurs qui sont très risquophobes préféreraient le deuxième type de contrat. Les résultats varient d'une zone à l'autre, ce qui porte à croire que le type de contrat devrait varier en fonction de la zone afin de convenir à un plus grand nombre de producteurs et de transformateurs.

Suggested Citation

  • William W. Wilson & Bruce Dahl, 2014. "Contracting for Canola in the Great Plains States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(1), pages 89-106, March.
    • Handle: RePEc:bla:canjag:v:62:y:2014:i:1:p:89-106
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    References listed on IDEAS

    as
    1. Wilson, William W. & Dahl, Bruce L., 2009. "Grain Contracting Strategies to Induce Delivery and Performance in Volatile Markets," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(2), August.
    2. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    3. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 1-8, April.
    4. William W. Wilson & Bruce L. Dahl, 2011. "Grain contracting strategies: the case of durum wheat," Agribusiness, John Wiley & Sons, Ltd., vol. 27(3), pages 344-359, June.
    5. MacDonald, James M. & Perry, Janet E. & Ahearn, Mary Clare & Banker, David E. & Chambers, William & Dimitri, Carolyn & Key, Nigel D. & Nelson, Kenneth E. & Southard, Leland W., 2004. "Contracts, Markets, and Prices: Organizing the Production and Use of Agricultural Commodities," Agricultural Economic Reports 34013, United States Department of Agriculture, Economic Research Service.
    6. William Wilson & Cole Gustafson & Bruce Dahl, 2009. "Crop insurance in malting barley: a stochastic dominance analysis," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 69(1), pages 98-112, May.
    7. Wilson, William W. & Dahl, Bruce L., 2008. "Procurement Strategies to Improve Quality Consistency in Wheat Shipments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(1), pages 1-17, April.
    8. William W. Wilson & Bruce Dahl, 2014. "Contracting for Canola in the Great Plains States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(1), pages 89-106, March.
    9. Wilson, William W. & Dahl, Bruce, 2009. "Grain Contracting Strategies to Induce Delivery and Performance in Volatile Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 41(2), pages 363-376, August.
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    Cited by:

    1. Dahl, Bruce & Wilson, William W., 2018. "Risk premiums due to Fusarium Head Blight (FHB) in wheat and barley," Agricultural Systems, Elsevier, vol. 162(C), pages 145-153.
    2. William W. Wilson & Bruce Dahl, 2014. "Contracting for Canola in the Great Plains States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(1), pages 89-106, March.
    3. Wilson, William W. & McKee, Greg & Nganje, William & Dahl, Bruce & Bangsund, Dean, 2017. "Economic Impact of USWBSI’s Scab Initiative to Reduce FHB," Agribusiness & Applied Economics Report 264672, North Dakota State University, Department of Agribusiness and Applied Economics.

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