Modeling Botswana Beef-Cattle Price Dynamics

نویسندگان

چکیده

We investigate the dynamics of beef-cattle pricing which is affected by several factors such as beef supply, demand for foreign currency, etc. The model incorporates mean-reversion to give insights into relationship be-tween supply a developed region (or country) and third world country’s hard currency. consider industry seg-mented two markets: Farmer-Local Cattle Agency (LCA) market in LCA buys cattle from farmers LCA-European Union (EU) exports EU. Using Botswana-EU an example, we performance Botswana Meat Com-mission (BMC) EU based on price acceptable ask whether agreed BMC can ever translate fair between farmer BMC. Our study has concluded that operational problems faced are indication passing bulk what it receives farmers. have made suggestions how reduce its risks.

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ژورنال

عنوان ژورنال: Journal of Mathematical Finance

سال: 2021

ISSN: ['2162-2434', '2162-2442']

DOI: https://doi.org/10.4236/jmf.2021.111004