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Exchange rate impacts on the Canadian beef industry

22 Mar 2006

In addition, the depreciation of the currency during the 1990’s may have helped to increase the cost of capital, which would have accelerated the decline in the capital-labour ratio. [...] Conversely, as the dollar appreciated, the simple arithmetic of the appreciation caused the spread between the beef revenue and the cattle costs to narrow. [...] It means that if the US cattle price is unchanged and the exchange rate changes, the change in the exchange rate will be fully reflected in the cattle price. [...] The higher the price of grain, the higher the cost of gain of the animal and the 8 Linear regression is used as a technique to assess whether there is a relationship between two variables. [...] The lower the r-squared, the wider the spread of data around the predicted line.
agriculture economy exchange rate business cattle commodities competitiveness exports foreign exchange investments labour prices productivity risk economic sector livestock farming calf value added canadian dollar price commodity arable farming competition (companies) capital (economics) economy, business and finance business economics coefficient of determination gross margin beef industry dollar, canadian cow-calf operation

Authors

Klein, Kurt

Pages
82
Published in
Canada

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