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	Provedor de dados AgEcon (2) Autor Kilmer, Richard L. (2) Uryasev, Stanislav (2) Zylstra, Michael J. (2) Palavra-chave Agricultural and Food Policy (1) CVaR (1) Conditional Value at Risk (1) Dairy (1) Futures (1) Livestock Production/Industries (1) Marketing (1) Risk Management (1) Risk and Uncertainty (1) Mais... Tipo do documento Conference Paper or Presentation (2) Ano 2004 (1) 2003 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última HEDGING CLASS I MILK: THE "ACCELERATION"” AND “"MOVER”" EFFECT AgEcon Zylstra, Michael J.; Kilmer, Richard L.; Uryasev, Stanislav. A volatile closing basis prevents class I hedgers from locking in a minimum price. The closing basis is composed of an "“acceleration"” and "“mover"” effect. The mover effect always works to the producer'’s advantage unlike the acceleration effect. This research discusses hedging strategies to minimize the acceleration effect. Tipo: Conference Paper or Presentation Palavras-chave: Marketing. Ano: 2004 URL: http://purl.umn.edu/20109 RISK BALANCING STRATEGIES IN THE FLORIDA DAIRY INDUSTRY: AN APPLICATION OF CONDITIONAL VALUE AT RISK AgEcon Zylstra, Michael J.; Kilmer, Richard L.; Uryasev, Stanislav. Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to significantly change the firms capital structure and therefore balance increased business risk with reduced financial risk. The producer can however reduce financial and business risk by using futures contracts to lock in a price for milk produced. The producer's risk preferences dictate the producer's hedge ratio. Using the return on equity as a profitability measure and the conditional value at risk as a risk measure the optimal hedge ratio is derived for various... Tipo: Conference Paper or Presentation Palavras-chave: Conditional Value at Risk; CVaR; Risk Management; Futures; Dairy; Agricultural and Food Policy; Livestock Production/Industries; Risk and Uncertainty. Ano: 2003 URL: http://purl.umn.edu/22021 Registros recuperados: 2 Primeira ... 1 ... Última

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