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15 February 2018 Photo Stephen Collett
Descriptions of everyday life experiences result in articles in internationally rated journal
In the name of our sorrow

Shortly after arriving at the University of the Free State in 2011, Prof Jan K Coetzee from the Department of Sociology initiated the research programme, The Narrative Study of Lives. This programme relates to the biographical descriptions that people give of their everyday life experiences. Among others, this programme resulted in his soon-to-be published book, Books and bones and other things.

Publishing success

 Prof Coetzee explains that the programme is designed to provide a space for students to do in-depth research towards a master’s-by-thesis. Over the years, he says, the department got beautiful dissertations, covering a wide range of topics such as online gaming, living with physical disabilities, mother-daughter communication, and experiencing aging. Prof Coetzee is especially proud of the many articles produced by the programme. “Apart from several others, no fewer than 14 articles were published in a Special Edition of the internationally rated and accredited journal Qualitative Sociology Review in January 2017,” he says. “This research programme, and my own work within it, builds on the fact that in today’s world there is an increasing interest in the narrative study of lives. The Nobel Prize for Literature was even awarded to an oral historian in 2015.”

“The programme is designed
to provide a space for students
to do in-depth research towards
a master’s-by-thesis.”
—Prof Jan K Coetzee
Author ofBooks and
bones and other things

A book full of stories and art

 Working specifically on “documents of life”, Prof Coetzee has been collecting old texts for many years, “some dating back to 1605”, he elaborates on his research and the content of his new book. “In addition, I’ve collected objects like fossils and antique relics over the years, and sculpted relevant objects - all of which have been installed in numerous small museum cases (photographed for the book). These installations represent an attempt at understanding the roots and sedimented layers of the social reality in which we find ourselves in 2018.”

The launch of Prof Coetzee’s book, Books and bones and other things. is planned for mid-2018 in Bloemfontein. This will be followed by an exhibition of the artwork featured in the publication at Everard Read’s acclaimed venue, Circa, early next year. Strauss and Co will administer a benefit auction of the works and the proceeds will be divided among nominated charities.

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


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