Technological and financial approaches to risk management in agriculture: an integrated approach

In the present paper, risk-management problems where farmers manage risk both through production decisions and through the use of market-based and informal risk-management mechanisms are considered. It is shown that many of these problems share a common structure, and that a unified and informative treatment of a broad spectrum of risk-management tools is possible within a cost-minimisation framework, under minimal conditions on their objective functions. Fundamental results are derived that apply regardless of the producer's preference towards risks, using only the no-arbitrage condition that agricultural producers never forego any opportunity to lower costs without lowering returns.

Optimum harvest maturity for guayule seed

Guayule (Parthenium argentatum Gray) is a rubber-producing shrub native to the semi-arid region of north central Mexico and southwestern Texas. Timely harvest is critical to achieve maximum seed viability, vigour, and yield. The objective of this study was to investigate possible indicators of optimum seed maturity in guayule. The optimum harvest maturity time for guayule was studied by comparing quality parameters at different times after flowering. Heat units expressed as growing degree-days after flowering were calculated and related to seed development stages and quality. Seed quality at different stages of development was assessed by germination, capitulum dry mass, 1000 seed mass, and percentage of filled seeds. The maximum seed quality was recorded at 329 growing degree-days (GDD). This was 28 days from time of flowering. At this date, the moisture content of the capitulum was 48% on a wet basis and the colour was comparable to cinnamon (Code 165C) on the Royal Horticultural Society (R.H.S.) standard colour chart. Of all the parameters GDD, 1000 seed mass, and percentage of filled seeds provided a more rapid and reliable measure of optimum seed maturity. Colour identification can be used as an additional indicator. (C) 2005 Elsevier B.V. All rights reserved.

Information systems maturity in e-business organizations

E-Business Information Systems (eBIS) are Information Systems (IS) that support organizations to realize their e-Business strategy resulting in various benefits. Therefore those systems strongly focus on fulfilment of the e-business requirements. In order to realise the expected benefits, organizations need to turn to their eBIS and measure the maturity of those systems. In doing so, they need to identify the status of those systems with regards to their suitability to support the e-Business strategy, while also identifying required IS improvements. In our research we aim to develop a maturity model, particularly dedicated to the area of e-Business Information Systems, which can be used easily and objectively to measure of the current maturity of any Information System that supports e-Business. This research-in-progress paper presents initial results of our research.