Data/hora: 06/06/2024 00:31:22

Provedor de dados: | 31
País: | United States
Título: | STOCHASTIC EFFICIENCY ANALYSIS OF ALTERNATIVE BASIC MAIZE MARKETING STRATEGIES
Autores: | Strydom,   D.B.; Grove,   Bennie; Kruger,   Y.; Willemse,   B.J.
Data: | 2010-11-18
Ano: | 2010
Palavras-chave: | Marketing strategies; Futures; Options; SERF; Crop Production/Industries; Marketing.
Resumo: | The use of modern marketing strategies to minimize risk exposure is not a widely adopted practice under maize producers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvested; while the current market requires innovative strategies including the use of Futures and Options as traded on SAFEX. However, due to a lack of interest and knowledge of producers understanding of modern, complicated strategies the study illustrates by using a SERF and CDF that the use of three basic strategies namely a Put-, Twelve-segment-, Three-segment- can be more rewarding. These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. The results obtained from the study illustrates that producers who tend to be more risk neutral would prefer using the Twelve-segment- or Spot-strategy while a risk averse producer would prefer the Three-segment-, or Put-strategy. It also indicates that no strategy can be labelled as the all-time best and that the choice between strategies depends on risk adverse characteristics of the producer. The purpose of the study is to prove that the adoption of a basic strategy is better than adopting no strategy at all and to convince producers to reconsider the adoption of modern marketing strategies.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/96812
Relação: | African Association of Agricultural Economists (AAAE)&gt;2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa
Formato: | 21