Evaluating the Saskatchewan Short-Term Hog Loan Program
Date
2005-02-01
Authors
Lien, Donald
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
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.
Series Number
Journal Issue
Is Version Of
Versions
Series
Academic or Administrative Unit
Type
article