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markets have impacted the risk management strategies of agricultural producers, we surveyed the 1,015 graduates of the Texas A … training and experience in using futures and options for hedging. Besides collecting information on their current risk … management practices, we measured respondent views on the importance of key new sources of risk. On a 1 to 7 Likert scale with 1 …
Persistent link: https://www.econbiz.de/10010880626
forward pricing are commonly used concurrently to manage crop revenue risk, the optimal combinations of these tools are … ratio which maximizes the certainty equivalent of a risk averse producer. The results generally reveal a lower optimal hedge …
Persistent link: https://www.econbiz.de/10010880649
This study develops a new and straightforward economic model of basis forecasting that outperforms the simple three-year average method suggested in much of the literature. We use monthly data of the corn basis in the Texas Triangle Area from February 1997 to July 2008. The results and the...
Persistent link: https://www.econbiz.de/10005311027
Persistent link: https://www.econbiz.de/10008922647
Grain/fertilizer volumes are major risks for grain/supply cooperatives followed by fertilizer and fuel margins. Operating losses force stock write downs (22% probability) and negative cashflow (15% probability). Decisions on cash and stock patronage, infrastructure investment, and equity...
Persistent link: https://www.econbiz.de/10010915002
During the financial downturn of 2008, asset classes that investors traditionally found to have low correlation with U.S. stocks became more highly correlated at the most inopportune time. Post-downturn, investors increasingly looked for alternative assets that offer diversification benefits,...
Persistent link: https://www.econbiz.de/10010915036
, Tennessee, and Virginia, taking into account the effect of wealth, revenue risk, and farm program provisions. Estimated …
Persistent link: https://www.econbiz.de/10005311012
management strategies under various risk preferences and utility-weighted certainty equivalent risk premiums. Yields, input rates …, risk analysis indicates CRP would be the preferred strategy for some risk-averse managers. …
Persistent link: https://www.econbiz.de/10005311020
This paper measures the impact of bilateral exchange rates, the world agricultural GDP and third-country exchange rate volatilities (Yen/USD and Euro/USD) on the BRICS agricultural exports using a vector autoregressive (VAR) model. Two measures of volatility are used: the standard deviation and...
Persistent link: https://www.econbiz.de/10009421067
Selecting the best wheat varieties affects producers’ profit and financial risk. This study identifies the optimal … wheat variety selection using the portfolio approach at various risk aversion levels. Results showed that the optimal wheat … variety selection was significantly affected by changes in levels of risk aversion of decision makers …
Persistent link: https://www.econbiz.de/10009421096