Data/hora: 12/06/2024 04:30:46

Provedor de dados: 	31	
País: 	United States	
Título: 	PORTFOLIOS OF AGRICULTURAL MARKET ADVISORY SERVICES: HOW MUCH DIVERSIFICATION IS ENOUGH?	
Autores: 	Cabrini,   Silvina M.; Stark,   Brian G.; Irwin,   Scott H.; Good,   Darrel L.; Martines-Filho,   Joao Gomes.	
Data: 	2004-11-22	
Ano: 	2004	
Palavras-chave: 	Agribusiness; Agricultural Finance.	
Resumo: 	This study analyzes the potential risk reduction gains from naive diversification (equal-weighting) among market advisory services for corn and soybeans.  The total possible decrease in risk through naive diversification is small, mainly because advisory prices are highly correlated on average.  Moreover, since marginal risk reduction benefits decrease rapidly with size, and the cost of holding the portfolios increases linearly due to services' subscription fees, it is optimal to limit portfolio size to a few advisory programs.  Based on certainty equivalent measures and two representative risk aversion levels, preferred portfolio sizes are between one and three services. Overall, there does not appear to be strong justification for farmers adopting portfolios with numerous advisory services.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	15369

http://purl.umn.edu/19013	
Editor: 	AgEcon Search	
Relação: 	NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management&gt;2004 Conference, St. Louis, MO, April 19-20, 2004

2004 Conference, St. Louis, MO, April 19-20, 2004	
Formato: 	19

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