30 research outputs found
LOCATION BASIS VARIABILITY EFFECTS ON SLAUGHTER CATTLE HEDGING IN THE SOUTH AND SOUTHERN PLAINS
Livestock Production/Industries,
EFFECTS OF LOCATION BASIS VARIABILITY ON HEDGING OF SLAUGHTER HOGS IN THE SOUTH
Livestock Production/Industries,
AN INPUT-OUTPUT APPROACH TO THE STUDY OF THE FLOW OF FUNDS TO AGRICULTURAL CAPITAL MARKETS
Industrial Organization,
EFFICIENT CASH AND HEDGED ENTERPRISE COMBINATIONS IN FEEDER CALF BACKGROUNDING OPERATIONS
Livestock Production/Industries,
FACTORS AFFECTING EFFICIENCY OF FEEDER CATTLE HEDGING IN KENTUCKY
Livestock Production/Industries,
ANALYSIS OF THE RISK MANAGEMENT PROPERTIES OF GRAZING CONTRACTS VERSUS FUTURES AND OPTION CONTRACTS
A stochastic budget simulator and generalized stochastic dominance are used to compare the risk management properties of grazing contracts to futures and option contracts. The results show that the risks of backgrounding feeder cattle are reduced significantly for pasture owners in a grazing contract. However, the risks of the cattle owner in a grazing contract are not significantly reduced. The results show that generally risk adverse pasture owners prefer grazing contracts to integrated production when traditional hedging is used to manage price risks. In addition, grazing contracts compare favorably with put option contracts for some pasture owners.Backgrounding, Futures contracts, Grazing contracts, Options contracts, Risk management, Risk and Uncertainty,