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This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

This study examines the dynamic effects of grain prices and energy prices on catfish feed prices and the price of food-sized catfish at the farm level. Using the autoregressive distributed lag model and bounds testing procedure, a long-run relationship between feed and farm prices and their...

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

This paper examines the extent to which garment industry in Swaziland has contributed to the economic empowerment of the Swazi people through creation of new jobs and improvement in their overall welfare. In Swaziland as elsewhere in many African countries, unemployment has been and is still a...

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This article outlines the importance of trade adjustment support to the Caribbean rum industry and how this support aided in the restructuring of the industry. The main objective of this article is to analyse and learn from the successful experience of the Integrated Development Programme for...

The IFAMR is published quarterly by the International Food and Agribusiness Management Association. www.ifama.org

The IFAMR is published quarterly by the International Food and Agribusiness Management Association (IFAMA). www.ifama.org