| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Do Australian woolgrowers manage price risk rationally?
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| Autores: |
Deane, Paul
Malcolm, Bill
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| Data: |
2012-04-11
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| Ano: |
2006
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| Palavras-chave: |
Price risk management
Motivation for hedging
Business risk
Financial risk
Australian woolgrow
Farm Management
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| Resumo: |
Australian woolgrowers have not adopted price risk management in the last decade. This is despite a concerted effort at various times by participants in the wool industry to encourage growers to use hedging/forward selling. The explanation for the reluctance of woolgrowers to use futures market and forward pricing instruments lies not in market failure but in characteristics of wool producing farm businesses. In particular, the degree of business and financial risk and the interaction between the two helps to explain why woolgrowers do not use futures. In the context of the whole farm system, Australian woolgrowers are behaving as rational managers of wool price risk.
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| Tipo: |
Article
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| Idioma: |
Inglês
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| Identificador: |
1449-5937
http://purl.umn.edu/122518
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| Relação: |
AFBM Journal>Volume 03, Number 2, 2006
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| Formato: |
7
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