Feasibility of innovative sharemilking arrangements

Sharemilking is an entry point for new dairy producers in the New Zealand industry, and, traditionally, most sharemilking arrangements have been a 50 : 50 arrangement. These structures are rigid in the share of milk income and apportionment of operating costs between the land owner and sharemilker. With milk-price volatility rising, these types of arrangements increase the financial and business risks, particularly for sharemilkers. These risks are further compounded because the value of the primary asset owned by sharemilkers, i.e. cows, declines to a much greater extent than does the value of land with a fall in milk price, reducing total wealth. We tested the hypothesis that flexible sharemilking arrangements will reduce the variability of income of sharemilkers, making for a sustainable income pattern. A synthesised dairy farm system was used to compare an innovative arrangement where milk revenue was divided on the basis of milk payout price, rather than simply on the basis of contribution. Stochasticity was incorporated into the model to capture milk-price volatility through the use of a stochastic price simulator. This approach allowed decision rules to be built into the model on the basis of revenue sharing, so as to reduce income variability. The identified innovative structures could be used by new entrants, sharemilkers and land owners to encourage alternative forms of sharemilking revenue sharing, and to provide information and education to the dairy industry. These alternative structures could be beneficial to industry sustainability, given that the dairy industry contributes a significant amount to New Zealand’s economy and export earnings, and price volatility is expected to continue to increase

Using an OPEN UMS format for document flow formalization in medicine

The question about construction of medical documents by means of AURRORA MIS with the use of the Open UMS format is considered in the work. The approach suggested allows data storage in the electronic form suitable for generation of required statistical reports and different researches and preserves a possibility of correct data interpretation

Atmospheric neutrons

Contributions to fast neutron measurements in the atmosphere are outlined. The results of a calculation to determine the production, distribution and final disappearance of atmospheric neutrons over the entire spectrum are presented. An attempt is made to answer questions that relate to processes such as neutron escape from the atmosphere and C-14 production. In addition, since variations of secondary neutrons can be related to variations in the primary radiation, comment on the modulation of both radiation components is made

Effective algebraic degeneracy

We prove that any nonconstant entire holomorphic curve from the complex line C into a projective algebraic hypersurface X = X^n in P^{n+1}(C) of arbitrary dimension n (at least 2) must be algebraically degenerate provided X is generic if its degree d = deg(X) satisfies the effective lower bound: d larger than or equal to n^{{(n+1)}^{n+5}}

К разработке технологии возведения геокомпозитных охранных систем горных выработок

У статті розглянуто відмінності використання особливо тонко дисперсних в’яжучих (ОТДВ) у підземних умовах для створення елементів геокомпозитних конструкцій.In article the differences of the use especially thinly of dispersible astringent are considered in underground terms for creation elements of geocomposit constructions

Финансово-экономический механизм функционирования кредитных союзов в Украине

Цель статьи - исследование финансово-экономического механизма функционирования кредитных союзов как альтернативного финансирования населения, что позволяет максимально приблизить финансовые услуги к потребителям, создать надлежащие условия для долгосрочного кредитования с применением современной рыночной инфраструктуры и финансовых инструментов

Rationality in Differential Algebraic Geometry

Parametric Cartan theory of exterior differential systems, and explicit cohomology of projective manifolds reveal united rationality features of differential algebraic geometry.Comment: Abel Symposium 201