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The research tests the potential of the Community Supported Agriculture Financing Method (CSAFM) as a viable alternative to traditional debt financing in Agriculture. The CSAFM provides the Farmer with a source of non-farm equity capital and an element of risk reduction which are supplied by each Member/Investor (M/I). By receiving cash up-front (from selling shares of the harvest) several months prior to seeding, costs of inputs are covered and financing costs on operating capital eliminated. Moreover, the Farmer is guaranteed a market and price for his harvested produce. M/I benefits include receiving organic produce at a discount to retail market prices. / A case study of a Canadian CSA "ABC" operation is presented to show the impact of the share price on the farm budget and M/I returns. A detailed budget analysis, demonstrates the benefits of CSA marketing versus marketing through an organic wholesaler, and CSA financing versus line of credit or loan financing. Although it was discovered that the share price was not calculated from a total budget, the Farmer was still better off with the CSAFM, which increased revenues by 34.0%, eliminated financing costs equal to 1.1% to 3% of total revenues, and yielded a net balance between $1,875.25 to $2,057.66 more than traditional techniques. For the M/I, data were collected during the 12 week contract period to value each weekly CSA delivery against both a non-organic market value (NOMV) and an organic market value (OMV). The M/I's (OMV) return on the $180 share price was 38.9%. / Given the results of the study, the CSAFM does qualifies as an alternative financing method in agriculture, displaying a win-win relationship for both Producer and Consumer.

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This thesis directs attention to the way in which the economics profession has sought to explain the phenomenon of inflation. The first half is primarily a detailed survey of the mainstream postwar literature in this area. The first five chapters provide a comprehensive review and a critical reappraisal of the basic theoretical contributions of successive theorists. The second half of the thesis proposes an alternative approach built essentially upon the early ideas of the neo-Wicksellian over-investment writers and upon the underlying 'structural' model found in Keynes' Treatise on Money. The problem of whether market organization affects the relationship between inflation and the structure of output and employment is also examined, and it is found to be of little importance. The Keynes-Wicksell structural model is then tested against Canadian time-series data for the period 1924-1981. Despite uneven results, the empirical findings give definite importance to the structural variable in explaining price formation in Canada. Finally, the concluding chapter discusses some of the policy issues arising from this structural approach.

The Small Businesses Loans Act was designed to increase the flow of funds for capital purposes from the banking system to small firms in the Canadian economy. This study examines the need for this legislation. The major sources of funds for small business are discussed and the question of the adequacy of these financing facilities is considered. This part of the study concludes that the 'MacMillan Gap' in Canada has been narrowed in the post-war period, but not yet closed. The study then examines the effectiveness of the Small Businesses Loans Act in bridging the remaining gap. The legislation, and the record of borrowing under the Act are reviewed. Particular attention is directed to the effects of monetary policy on the volume of lending under this Act. The study also includes an examination of the experience of a sample of borrowers, their characteristics, the purposes for which loans were obtained and banking practices with respect to this lending program. The conclusions of the study suggest that the Small Businesses Loans Act has fulfilled a useful role in improving the financial facilities available to small business despite a number of deficiencies in the legislation. It is also suggested however that the need for this legislation has largely been removed by recent amendments to the Bank Act. / Business, Sauder School of / Graduate

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