Data/hora: 02/06/2024 09:08:16

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | ANALYSIS OF THE RISK MANAGEMENT PROPERTIES OF GRAZING CONTRACTS VERSUS FUTURES AND OPTION CONTRACTS
Autores: | Harrison,   R. Wes; Bobst,   Barry W.; Benson,   Fred J.; Meyer,   Lee.
Data: | 2003-01-09
Ano: | 1996
Palavras-chave: | Backgrounding; Futures contracts; Grazing contracts; Options contracts; Risk management; Risk and Uncertainty.
Resumo: | 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.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

6710

http://purl.umn.edu/15117

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 28, Number 02, December 1996

Formato:

16

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