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| Jordaan, Henry; Grove, Bennie. |
| Risk aversion is the primary reason for farmers to use forward pricing methods to hedge against price risk. Previous international research on farmers’ forward pricing behaviour found inconsistent results with respect to the relationship between risk aversion and the use of forward pricing methods. Ordinary Least Squares (OLS) regression is used in this research to investigate the relationship between the proportion of maize Vaalharts maize producers are willing to forward price and risk aversion. The quantity decision is modelled conditional on the adoption decision to ensure that the modelling procedure does not force the same variables to influence the two decisions in the same way. Regression results showed that more risk averse farmers are forward... |
| Tipo: Journal Article |
Palavras-chave: Forward pricing; Risk aversion; Farm characteristics; Linear regression; Crop Production/Industries; Marketing; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/5970 |
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| Ott, Stephen L.. |
| The National Animal Health Monitoring System (NAHMS) Beef '97 Study collected data on the marketing practices of 2,713 beef cow-calf producers representing 85.7% of all beef cows as of January 1, 1997, in 23 leading cow-calf states. Of the operations included in the study, 67.4% sold steer calves, and 52.1% sold heifer calves for slaughter in the year preceding the study. By number of operations, auction was the most common method of selling steers (84.9% of operations) and private treaty was the second most popular marketing method (10.4% of operations). By number of steers sold, private treaty was the most common marketing method. For operations selling either steer or heifer calves, smaller operations were more likely to use auctions as a marketing... |
| Tipo: Report |
Palavras-chave: NAHMS; Beef; Cattle; Cow-calf; Epidemiology; Economics; Marketing; Management; Weaning; Auctions; Income; Forward pricing; Futures contracts; Livestock Production/Industries. |
| Ano: 1998 |
URL: http://purl.umn.edu/32793 |
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| Jordaan, Henry; Grove, Bennie. |
| Logistic regression is employed to analyse the factors which influence the decision of whether or not the respondent used forward pricing methods during the 2004/05 maize production season. Forward pricing methods include cash forward contracting and hedging with futures contracts and/or options, through the South African Futures Exchange (SAFEX). Based on the results, the use of forward pricing is associated with lower levels of risk aversion and higher levels of human capital. Factor analysis is employed to reduce the dimensionality of the personal reasons which help to interpret the underlying, common factor of the personal reasons why farmers are reluctant to use forward pricing methods. Three factors were extracted and were labelled “Lack of... |
| Tipo: Journal Article |
Palavras-chave: Forward pricing; Logit; Factor analysis; Agricultural Finance; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/7049 |
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