Latest News Archive

Please select Category, Year, and then Month to display items
Categories
UFS News Media Release Research
Years
2017 2018 2019 2020 2021 2022 2023 2024
Months
January February March April May June July August September October November December
Previous Archive
25 April 2018 Photo Supplied
UFS Debate Society to compete in upcoming World Championships
The UFS Debate Society is a diverse, cross-boundary team of UFS students who are not strangers to success, and who are exceptionally brilliant at what they do. Before winning the largest open debating competition in Africa in 2018, the team had qualified and competed in the finals for three consecutive years since 2015. The society has now been selected to compete in the Cape Town Open Debating Competition this coming weekend from 27 to 29 April, in a build-up to the World Championships taking place in December 2018.

According to the UFS Debate Society Chairperson, Tshiamo Malatji: “Thinking artistically about debating requires one to make use of creative reasoning, and essentially, lateral thinking is of importance, even in your everyday life conversations, because you will never fundamentally agree with someone who has opinions which are opposed to yours, but you will be able to appreciate where they are coming from.”

The team is also involved in organising dialogues on our Bloemfontein Campus, such as the Student Rights Dialogue, which brings together various stakeholders of the university for a discussion about human rights. They also conduct debating workshops and, together with the Department of Basic Education, function as judges for debates in the broader Bloemfontein community for less advantaged schools in Botshabelo, Thaba Nchu, Tweespruit, and Dewetsdorp.

The Debate Society is set to host a Global Politics Seminar that will analyse and explain the forces that influence international politics, and South Africa's standpoint in the global perspective. This seminar, taking place in October, will focus on the activities of chief global actors, and some of the core crises that can shape students’ understanding of current foreign affairs. The seminar will comprise presentations from knowledgeable local students and Debate Society alumni, which will conclude with a fiery debate by the society on the dynamic and controversial topic of South Africa's future in the international political arena. 

Access to the seminar is reserved for donors who will pledge their support to the society’s journey to the upcoming World Championships. For more information on how to pledge, visit the World Championships Pledge.

Caption:

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept