This study examines a cash forward contract (CFC) that a growers' cooperative or association may offer producers to lock in a fixed price for their output. To cover the forward contract's risks, the cooperative would set up a stabilization fund, and as an option, may hedge with futures...

Out of sample tests were performed on two meat demand models: the linear, relative-price real-income specification and the almost ideal demand system. Variants of each model included seasonal effects and habit formation. Estimation procedures included single equation OLS, seemingly unrelated...