Evaluating the Saskatchewan Short-Term Hog Loan Program
The Saskatchewan short-term hog loan program of 2002 provided a non-market credit line to participating hog producers. The repayment conditions for cash advances committed to by the provincial government depend on later hog prices, and so the program has derivative contract attributes. We model the contracts and use an estimated spot price stochastic process to establish summary statistics for producer benefits from the program.
|Date of creation:||Feb 2005|
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- David A. Hennessy & Donald Lien, 2003.
"Ledger Provision in Hog Marketing Contracts,"
Center for Agricultural and Rural Development (CARD) Publications
03-wp336, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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