Matching Items (14)
Filtering by
- All Subjects: Agriculture
- Creators: School of International Letters and Cultures
- Status: Published
Description
This thesis details our experience assisting BASE Equity Partners, a private equity firm based in New York City, on three prospective agricultural dealership deals over the course of this past academic year. The firm is currently structured as a Fundless Sponsor. This distinct structural trait is common for a type of private equity firm known among practitioners as pledge funds. This creates an interesting element for our experience as there is very limited academic research on these types of firms, which, since the Great Recession, have become popular players in middle-market private equity deals. We, first, provide some historical context on pledge funds and identify their primary differences with traditional private equity. The remainder of the paper documents our experience working on the agricultural dealership deals. We have organized this portion after the manner in which we received assignments. We go into detail on the specific projects with which we were tasked, our interactions with the partners and the major takeaways we had from this learning experience. This thesis paper will enrich the academic knowledge regarding pledge funds—and private equity generally—by documenting a real experience of what it is like performing analyst-level tasks at a real firm. Additionally, we were privy to information that is highly confidential, and though we have protected the confidentiality of the companies through pseudonyms and redaction of confidential material, all of the financial data shown, models provided and qualitative discussion is real.
ContributorsTang, Ivan (Co-author) / Johnson, Bradley (Co-author) / Panosian, Tro (Co-author) / Simonson, Mark (Thesis director) / Bonadurer, Werner (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor) / Department of English (Contributor) / School of Accountancy (Contributor) / School of International Letters and Cultures (Contributor)
Created2015-05
Description
A new class of entrepreneurs is emerging in China, who are using a business model approach to solve societal problems. A small but growing niche of these so called "social entrepreneurs" is attempting to address long standing problems in the agricultural sector stemming from the three agricultural issues of farmers, agriculture and rural areas. In order to understand what social entrepreneurship means in the Chinese context, the motivations behind it, and the opportunities and problems related specifically to agricultural sector, interviews were conducted with social entrepreneurs, research institutes, and social fostering organizations in multiple tier-one cities in mainland China. Results show that the concept of social enterprise is comprehended in a very different way in the Chinese context relative to the general usage of the term in the literature. Social enterprises in the agricultural sector are divided into categories of Community Supported Agriculture-based organic farms, farmers' markets, food educators and city farmers. This is a growing group of entrepreneurs who could be better supported on the basis of resources and protection by the government, law and policy, universities, and a united producer and consumer front.
ContributorsGray, Christopher Stephan (Author) / Aggarwal, Rimjhim (Thesis director) / Ostrom, Amy (Committee member) / Barrett, The Honors College (Contributor) / School of International Letters and Cultures (Contributor) / Department of Marketing (Contributor)
Created2013-12
Description
The main goal of this study was to understand the awareness of small business owners regarding occupational fraud, meaning fraud committed from within an organization. A survey/questionnaire was used to gather insight into the knowledge and perceptions of small business owners, while also obtaining information about the history of fraud and the internal controls within their business. Twenty-four owners of businesses with less than 100 employees participated in the study. The results suggest that small business owners overestimate their knowledge regarding internal controls and occupational fraud, while also underestimating the risk of fraud within their own business. In fact, 92% of participants were not at all familiar with the popular Internal Control \u2014 Integrated Framework published by the Committee of Sponsoring Organizations of the Treadway Commission. The results also show that small business owners tend to overestimate the protection provided by their currently implemented controls in regard to their risk of fraud. Overall, through continued knowledge of internal controls and occupational fraud, business owners can better protect their businesses from the risk of occupational fraud by increasing their awareness of fraud.
ContributorsDennis, Lauren Nicole (Author) / Orpurt, Steven (Thesis director) / Munshi, Perseus (Committee member) / Barrett, The Honors College (Contributor) / Department of Information Systems (Contributor) / School of Accountancy (Contributor)
Created2014-05
Description
Current farming demographics in the United States indicate an aging and overwhelmingly white group of farmers, stimulating the need for engaging a younger and more diverse population. There is an opportunity to engage these populations through farm-based internship and apprenticeship programs, which are immersive programs on small-scale, sustainable farms. These programs are unique in providing hands-on training, housing, meals, and a stipend in return for labor, presenting a pathway to social empowerment. The potential outcomes of increasing diversity and inclusion in farm programs are absent from the research on the benefits of diversity and inclusion in other work environments, such as the corporate setting. This paper presents the results of a study aimed at determining levels of diversity and inclusion in United States farm-based internship programs, and the viability of these programs as an effective opportunity to engage marginalized young people in farming. The study of 13 farm owners and managers across the U.S. found that the participants are focused on fostering education and training, environmental benefits, and a sense of community in their respective programs. All participants either want to establish, or believe they currently have, an inclusive workplace on their farm, but also indicated a barrier to inclusivity in the lack of a diverse applicant pool. Future recommendations for removing that barrier and involving more young, diverse interns include increased outreach and access to these programs, the use of inclusive language, and further research.
ContributorsLascola, Dania (Co-author) / Biel, Braden (Co-author) / Cloutier, Scott (Thesis director) / MacFadyen, Joshua (Committee member) / School of International Letters and Cultures (Contributor) / School of Geographical Sciences and Urban Planning (Contributor) / School of Sustainability (Contributor) / Barrett, The Honors College (Contributor)
Created2017-05
Description
Within this paper I summarize the key features, and results, of research conducted to support the development, design, and implementation of an internal control system at a startup small business. These efforts were conducted for an Honors Thesis/Creative Project for Barrett, the Honors College at Arizona State University. The research revolved around deciding which financial policies, procedures, and safeguards could be useful in creating an internal control system for small businesses. In addition to academic research, I developed an “Internal Control Questionnaire” for use as a ‘jumping off point’ in conversations about a business’ existing accounting system. This questionnaire is applicable across many industries, covering the major topics which every small business/startup should consider.
The questionnaire was then used in conjunction with two interviews of small business owners. The interviews covered both the overall financial status of their business and their business’ pre-existing accounting system. The feedback received during these interviews was subsequently used to provide the business owners with eleven recommendations ranging from the implementation of new policies to verification of existing internal controls.
Finally, I summarize my findings, both academic and real-world, conveying that many small business owners do not implement formal internal control systems. I also discuss why the business owners, in this specific circumstance, did not yet implement the aforementioned eleven suggestions.
The questionnaire was then used in conjunction with two interviews of small business owners. The interviews covered both the overall financial status of their business and their business’ pre-existing accounting system. The feedback received during these interviews was subsequently used to provide the business owners with eleven recommendations ranging from the implementation of new policies to verification of existing internal controls.
Finally, I summarize my findings, both academic and real-world, conveying that many small business owners do not implement formal internal control systems. I also discuss why the business owners, in this specific circumstance, did not yet implement the aforementioned eleven suggestions.
ContributorsDuncan, Spencer James (Author) / Garverick, Michael (Thesis director) / Casas Arce, Pablo (Committee member) / School of Accountancy (Contributor) / School of International Letters and Cultures (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
Animal agriculture is a growing industry worldwide as the global demand for animal products increases. This has resulted in many harmful unintended consequences for human health, the environment, and animal welfare. This paper aims to uncover the hidden costs of negative externalities by answering the question: What types of subsidies is the US government distributing to the animal agriculture industry and in what amount? This paper will begin with some background on a few of the externalities created by the animal agriculture industry focusing specifically on environmental issues of water, air, and deforestation. Once this background is established, this will show that animal agriculture is in fact a negative-externality-generating industry. Next, subsidies will be defined and the principal findings of the research will reveal the different forms of support that the US government provides to animal agriculture. Lastly, these subsidies, both direct and indirect, will be quantified.
ContributorsEpel, Erin (Author) / Barca, Lisa (Thesis director) / Rao, Sailesh (Committee member) / Barrett, The Honors College (Contributor) / School of Sustainability (Contributor) / School of International Letters and Cultures (Contributor)
Created2023-05
Description
Agriculture is the second largest water consumer in the Phoenix Metropolitan region, after the municipal sector. A significant portion of the cultivated land and agricultural water demand is from the production of animal feed, including alfalfa (~69% of total cropland area), corn (~8), and sorghum (-3%), which are both exported and needed to support local dairy industry. The goal of this thesis is to evaluate the impacts on water demand and crop production of four different crop portfolios using alfalfa, corn, sorghum, and feed barley. For this aim, the Water Evaluation And Planning (WEAP) platform and the embedded MABIA agronomic module are applied to the Phoenix Active Management Area (AMA), a political/hydrological region including most of Phoenix Metro. The simulations indicate that the most efficient solution is a portfolio where all study crop production is made up by sorghum, with an increase of 153% in crop yield and a reduction of 60% of water consumption compared to current conditions. In contrast, a portfolio where all study crop production is made up by alfalfa, which is primary crop grown in current conditions, decreased crop yield by 77% and increases water demand by 105%. Solutions where all study crop production is achieved with corn or feed barley lead to a reduction of 77% and 65% of each respective water demand, with a portfolio of all corn for study crop production increasing crop yield by 245% and a portfolio of all feed barley for study crop production reducing crop yield by 29%.
ContributorsRees, Kendall Marcella (Author) / Mascaro, Giuseppe (Thesis director) / Muenich, Rebecca (Committee member) / Chhetri, Netra (Committee member) / Civil, Environmental and Sustainable Eng Program (Contributor) / School of International Letters and Cultures (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The past decades have seen major changes with globalization, increased trade, digital technologies, and the increased threat of climate change consequences. These changes in trends have changed how the world communicates, travels, produces, manufactures, and develops. Yet despite having the most advanced technologies and the most connected world to date, other aspects of development and quality of life have not kept up the pace in adapting and changing based on these trends. Specifically in developing countries, while the outside environment may be changing, the systems, structures, and societal values in place have not fully adapted. These aspects of society are naturally slower to change which can be dangerous when dealing with the current issues the world faces, for example the proven increase in climate change consequences. The consequences of slow or no changes at all in systems, structures, and societal values fall disproportionately on women who are often now bearing more responsibility without the benefits due to outdated structures that were developed based on other environments and priorities. This gap between the formal structures and the rapidly changing environments and its effect on women can be seen through analyzing specific common trends in developing countries, such as the feminization of agriculture and climate change. Analyzing this gap from these specific trends can give insight into possible solutions to both speed up the closing of the gap and lessen the burdens for women in the meantime. The role of informal or community networks should be considered as a possible way to do this. The case of St. Lucia and its experience with both the feminization of agriculture and the threat of climate change will be analyzed to understand how informal or community networks could serve to help close the gap and lessen the burdens for women.
ContributorsDooley, Hanna Mary (Author) / Augustin-Behravesh, Shirley-Ann (Thesis director) / Aggarwal, Rimjhim (Committee member) / Dean, W.P. Carey School of Business (Contributor) / School of International Letters and Cultures (Contributor) / Department of Economics (Contributor) / School of Politics and Global Studies (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The American Farm Bureau Federation (AFBF) is an organization promoting itself as "The National Voice of American Agriculture." However, small independent family farmers are losing their livlihoods, having their rural communities destroyed, and are suffering from mental illness due to the covert actions of the AFBF. In reality, the AFBF is a national advocate for agricultural conglomerates and industrial agriculture practice. The AFBF drives the American agribusiness sector and demobilizes small farmer mobilization for any iteration of a modern and sustainable agricultural revolution. This thesis seeks to evaluate the ways in which the Farm Bureau demobilizes farmers in their ideology, education, and activism and seeks to recommend effective ways challenge the American Farm Bureau in pursuit of an agriculturally just Green New Deal (GND). A GND for agriculture emphasizes the need for independent family farmers and ensuing components of sustainability, regenerative practice, and an integrated, healthy food system.
ContributorsRaderstorf, Alia Mcpherson (Author) / Fong, Benjamin (Thesis director) / Calhoun, Craig (Committee member) / School of Sustainable Engineering & Built Envirnmt (Contributor) / School of International Letters and Cultures (Contributor) / Barrett, The Honors College (Contributor)
Created2020-12
Description
This creative project consists of a series of narrative and interactive videos that explains the Mediterranean Diet from both nutritional and cultural perspectives, its history, and shares the stories and insights of female farmers in Southern Italy. These women preserve native ancient varieties of edible flora and cultural practices that have evolved with the plants and the territory. This video series recognizes the women preserving their traditions and local varieties native to Southern Italy and highlights the importance of local place-based eating and foodways. The videos provide questions and vocabulary to engage with the audience and challenge them to develop ideas and ruminate on the material presented.
ContributorsLarson, Chloe (Author) / Vitullo, Juliann (Thesis director) / Dal Martello, Chiara (Committee member) / Barrett, The Honors College (Contributor) / School of International Letters and Cultures (Contributor) / School of Molecular Sciences (Contributor)
Created2022-05