Archive
The archive section of the Manitoba Pork Council website is currently under construction.
Economic Research
Financing the Feeder Pig Business in Manitoba: Considerations
Author: Grant Charles (June 2005)
Abstract: This paper describes current finance issues and considerations of the business as discussed in mainstream academic journal articles and by producers of feeder pigs.
Relationship Lending and Lines of Credit in Small Firm Finance
Author: Berger Allen N. (Journal of Business, 1995, vol. 68, no.3)
Abstract: This article examines the role of relationship lending in small firm finance.
Capital Markets and the Evolution of Family Businesses
Authors: Bhattachary Utpal and B. Ravikumar
(Journal of Business, 2001, vol. 74, no.2)
Abstract: We model a family business as a household operating a production technology in which the household's human capital is a specific business skill.
Further Evidence of the Time Series Properties of Accounting Income
Authors: Brooks LeRoy D. and Dale A. Buckmaster
(The Journal of Finance, December 1976, vol. XXXI, no.5)
Abstract: The Behavior of Accounting Income Time-Series is of considerable interest to researchers in accounting, finance, and related disciplines.
Relationships and Rationing in Consumer Loans
Authors: Chakravarty Sugato and James S. Scott
(Journal of Business, 1999 vol. 72, no.4)
Abstract: We empirically examine how relationships between individual households and their creditors affect the probability of being credit-rationed.
Learning, Corporate Control and Performance Requirements in Venture Capital Contracts
Authors: Chan Yuk-Shee, Daniel Siegel and Anjan V. Thakor
(International Economic Review vol. 31, no.2 May 1990)
Abstract: We consider a two-period agency model in which both contracting parties have the skill to control production but one party's skill is unknown to both at contract signing.
Do LBO Supermarkets Charge More? An Empirical Analysis of the Effects of LBO's on Supermarket Pricing
Authors: Chevalier Judith A.
(The Journal of Finance, vol. L, no.4 September 1995)
Abstract: This article examines changes in supermarket prices in local markets following supermarket leveraged buyouts (LBO's).
Forecasting Profitability and Earnings
Authors: Fama Eugene F. and Kenneth R. French
(Journal of Business, 2000, vol. 73, no.2)
Abstract: There is a strong presumption in economics that, in a competitive environment, profitability is a mean reverting.
Book Rate-of-Return and Prediction of Earnings Changes: An Empirical Investigation
Authors: Freeman Robert N., James A. Ohlson and Stephen H. Penman
Abstract: Over the years, there has developed a fairly substantial body of research on the time series of earnings.
How Big are the Tax Benefits of Debt?
Author: Graham John R.
(The Journal of Finance, vol.LV, no.5 October 2000)
Abstract: I integrate under firm specific benefit functions to estimate that the capitalized tax benefit of debt equals 9.7 percent of firm value (or as low as 4.3 percent, net of personal taxes).
Catastrophe Insurance, Capital Markets, and Uninsurable Risks
Authors: Jaffee Dwight M. and Thomas Russell
(The Journal of Risk and Insurance, 1997, vol. 64, no.2)
Abstract: This article addresses the question why private insurance companies in the United States are not willing to provide insurance against catastrophic events (such as earthquakes, hurricanes, and floods).
Valuation and Control in Venture Finance
Author: Kirilenko Andrei A. (The Journal of Finance, vol. LVI, no.2 April 2001)
Abstract: This paper presents the model of a relationship between a venture capitalist and an entrepreneur engaged in the formation of a new firm.
Tobin's q, Corporate Diversification, and Firm Performance
Authors: Lang Larrry H.P. and Rene M. Stulz
(Journal of Political Economy, 1994, vol. 102, no.6)
Abstract: In this paper, we show that Tobin's q and firm diversification are negatively related throughout the 1980s.
The Forward-Looking Competitive Firm under Uncertainty
Authors: Lence Sergio H. and Demort J. Hayes
(American Agricultural Economics Association, 1998)
Abstract: Under realistic circumstances, forward-looking, risk adverse firms will provide more than risk-neutral firms, and a mean-preserving spread of the price distribution will increase risk-adverse firms' production.
Do Managerial Objectives Drive Bad Acquisitions?
Authors: Morck Randall, Andrei Shleifer and Robert W. Vishny
(The Journal of Finance, vol. XLV, no.1 March 1990)
Abstract: In a sample of 326 US acquisitions between 1975 and 1987, three types of acquisitions have systematically lower and predominantly negative announcement period returns to bidding firms.
The Benefits of Lending Relationships: Evidence from Small Business Data
Authors: Petersen Mitchell A. and Reghuram G. Rajan
(The Journal of Finance, vol. XLIX, no. 1 March 1994)
Abstract: This paper empirically examines how ties between a firm and its creditors affect the availability and cost of funds to the firm.
The Cost of Diversity: The Diversification Discount and Inefficient Investment
Authors: Rajan Raghuram, Henri Servaes and Luigi Zingales
(The Journal of Finance, vol. LV, no.1 February 2000)
Abstract: We model the distortions that internal power struggles can generate in the allocation of resources between divisions of a diversified firm.
Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt
Author: Rejan Reghuram G.
(The Journal of Finance, vol. XLVII no.4 September 1992)
Abstract: While the benefits of bank financing are relatively well understood, the costs are not.
On the Theory of the Competitive Firm Under Price Uncertainty
Author: Sandmo Agnar
(The American Economic Review, vol. 67, no.4 September 1977)
Abstract: In recent years several contributions have been made to the theory of the firm under uncertainty, removing the assumption that the demand for the product is known with certainty at the time when the output decision is made.
Integrator Contracts with Many Agents and Bankruptcy
Authors: Tsoulouhas Theofanis and Tomislav Vukina
(American Agricultural Economics Association 1999)
Abstract: This article analyzes optimal livestock production contracts between an integrator company and many independent growers in three similar industries: broiler, turkey, and swine.
Research Reports
Research Report 2000
Summary of Manitoba Pork Council sponsored research, 2000.
Research Report 2001
Summary of Manitoba Pork Council sponsored research, 2001.
Research Report 2002
Summary of Manitoba Pork Council sponsored research, 2002.
Research Report 2003
Summary of Manitoba Pork Council sponsored research, 2003.
Research Report 2004
Summary of Manitoba Pork Council sponsored research, 2004.
Trade Issues
Using the Hog Futures Market to Quantify Threat of Injury
Authors: Carter Colin A. (University of California) and Thomas J. Prusa (Rutgers University).
(Published: 2005)
Abstract: Examination of the hog futures market to determine if Canadian hog imports present a threat to the domestic U.S. hog industry.
Antidumping: The Third rail of Trade Policy
Authors: Mankiw Gregory N. and Phillip L. Swagel
(Foreign Affairs, vol. 84, no.4, July / August 2005)
Abstract: An examination of American anti dumping legislation and the adverse effects of such legislation on American consumers, domestic industry, as well as international free trade.
Live Swine From Canada: Investigation No.731-TA-1076(Final)
(U.S. International Trade Commission, Publication 3766 April 2005)
Abstract: Ruling of United States International Trade Commission concerning, possible injury to the American Pork Industry. Issue being addressed, petition of National Pork Producers Council that Canadian imported live swine were being sold at less than fair value.
Transcript: International Trade Commission Hearing (Live Swine from Canada)
Location: Washington D.C.
Date: March 8, 2005
An Empirical Investigation of the Impact of Imported Canadian Swine on U.S. Hog Prices
Authors: Carter Colin A. (University of California) and Thomas J. Prusa (Rutgers University).
(Published: February 16, 2005)
Abstract: Statistical examination of impact of Canadian imports on domestic hog prices.
US-Canadian Hog Trade: Market Integration at Work
Author: Haley Mildred
(Amber Waves, vol. 3, no.1, February 2005)
Abstract: Examination of integration between the Canadian and American hog industries.
Market Integration in the North American Hog Industries
Author: Haley Mildred
(Electronic Outlook Report from the Economic Research Service)
(Published: November 2004)
Abstract: An exploration of increased American pork industry reliance on Canadian imports; examination of pig points of origin, destinations, and industry trends.
Country of Origin Labelling: Implications for the Manitoba Hog Industry
Authors: Grier Kevin, Larry Martin and Holly Mayer
(George Morris Centre)
(Published: December 2002)
Abstract: Research report commissioned by the Manitoba Pork Council to determine the impact of Country of Origin Labelling on the Manitoban pork industry.
Impacts of Country of Origin Labeling on US Hog Producers
Authors: Grier Kevin and David M. Kohl
(George Morris Centre)
(Published April 9, 2003)
Abstract: Report commissioned by the Canadian Hog Sector Steering Group, Canadian Pork Council, Ontario Pork, Manitoba Pork Council, Saskatchewan Pork and Alberta Pork; to identify possible economic, structural and social damage COOL could inflict on US hog farmers and processors.
Community Relations Documents
A few facts about hogs...
Backgrounder: Rules and regulations governing hog farming in Manitoba.
(Published: August 1, 2002)
Eruo-2000 Fact Finding Mission Reports
Canadian Pork Council Euro 2000 Mission
Report of the Euro-2000 Canadian Hog Producer European Fact-Finding Mission
Environmental Management Systems
Report of Euro-2000 Mission of the Canadian Pork Council: Preliminary Mission to Collect Information on Environmental Management Systems and Quality Assurance Programs in Europe
Miscellaneous
The Black Pig Project
Authors: Maltman John and Charles Grant
(Manitoba Agriculture)
Abstract: Research paper compilation of studies relating to the Berkshire pig breed. Specific attention paid to the breed in the UK, Japan and the United States. Objective, to determine feasibility of development of Manitoban Berkshire pork industry to supply specialty product for export and possible niche markets.
A Century of Agriculture in Manitoba: A Proud Legacy
Authors: Honey Janet and Brian Oleson
(2006)
Abstract: Statistical analysis of agriculture in Manitoba.
Sustainability of Canada's Agri-Food System - A Prairie Perspective
Faculty of Agriculture and Food Sciences, University of Manitoba
Published by the International Institute for Sustainable Development
(1994)