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Dfamilk Essays

Kansas City, Mo. - Dairy Farmers of America, Inc. (DFA) has established a scholarship program for college students who are pursuing careers in the dairy industry, and will award $1,500 scholarships during its annual meeting in March 2008 in Kansas City, Mo.

“DFA believes it is important to invest in the future of the dairy industry,” says Bob Bown, DFA board member and chairman of the Scholarship Foundation. “These students are our future,” the Fayette, Utah dairy producer adds. “Whether they plan to own and operate their own dairy farms, work in our corporate headquarters or one of our processing plants, or any other area of the dairy industry, we are dedicated to investing in their education.”

Students pursuing any aspect of the dairy industry are eligible, ranging from dairy herd management to dairy nutrition, genetics or communications. Applicants must also be enrolled in a two- or four-year accredited college, university or trade school. High school seniors planning to enroll, as well as post-graduates, also are eligible to apply.

Applications are due January 15, 2008, and must include two letters of recommendation and the most recent high school or college transcript. Applications may be submitted online, e-mailed, faxed or mailed.

Winners will be selected based on the following criteria:

  • Applicant’s commitment and passion to have a career in the dairy industry, and responses to three essay questions
  • Extracurricular activities, awards, recognition and work experience
  • Academic achievement
  • Financial need

The winners will be honored by more than 1,000 DFA members, board members and staff, scholarship sponsors and dairy industry leaders during the cooperative’s annual meeting in March 2008 in Kansas City, Mo.

Dairy industry supporters are invited to join DFA in investing in the future of the dairy industry. Contributions should be made payable to the DFA Scholarship Foundation and mailed to the address below. Sponsors will be recognized at DFA’s annual meeting.

Dairy Farmers of America
ATTN: Scholarship Foundation
10220 N. Ambassador Drive
Kansas City, MO 64153

For an application and more details about the scholarship program, visit
www.dfamilk.com/DFAScholarship or contact Stephanie Meyers at 816-801-6478.

$1,500 scholarships available to college students, high school seniors

Dimensional Fund Advisors Case Analysis Essay

1337 WordsJan 24th, 20136 Pages

1) DFA’s investment strategy is based on their belief in the principle that stock market is efficient. They attempt to match a broad-based, value-weighted small-stock index and position themselves in the market as a passive fund manager that still claimed to add value by capturing specific dimensions of risks identified by financial science. DFA’s investment strategy incorporates elements of both passive and active management. It is passive in the sense that like many other index managers, it focuses on the importance of diversification, lower turnover and lower fees than actively managed portfolios. It is active in the sense that it develops its small-value stock focus based on academic research and uses certain techniques (such as…show more content…

DFA’s trading strategy such as avoiding stocks if news announcements are coming in the near future or if stock has recently reported sales by insiders reflect a belief that stock prices can potentially not reflect all private information. DFA also does not accept the weak-form efficient because if stock prices only reflect all information in past prices, they would see the value of performance fundamental analysis of the firm they are looking at (but the case indicates that DFA does not performance fundamental analysis).

4) Fama and French’s three factor model attempts to explain the variation of stock prices through a multifactor model that includes a size factor and BE/ME factor in addition to the beta risk factor. Fama-French model essentially extended the CAPM (which breaks up cause of variation of stock price into systematic risk which is non-diversifiable and idiosyncratic risk which is diversifiable) by introducing these two additional factors. Fama and French find that stocks with high beta didn’t have consistently higher returns than stocks with low beta and this indicates that beta was not a useful measure under their model. Their model is based on research findings that sensitivity of movements of the size and BE/ME factor constituted risk, and

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