Author: S. Aaron Hegde
Publisher:
ISBN:
Category : Broilers (Chickens)
Languages : en
Pages : 116

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The three essays in this study evaluate alternative risk management strategies in the broiler industry - contract production and broiler futures. Contract production is the dominant form of risk management in today's broiler industry. Over the last decade, contract payment mechanisms were changed to include part of the market price of broilers. While this increased the risk borne by broiler growers, we found that their welfare also increased. Broiler futures have been intermittently offered during the past four decades. We investigate the reasons behind their failure. We find that broiler futures failed because they were an ineffective hedging tool. Using actual production data, we find that hedging with broiler futures would not have significantly reduced risk.

Author: Geoffrey Poitras
Publisher: Routledge
ISBN: 1136262601
Category : Business & Economics
Languages : en
Pages : 426

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Book Description
Commodity Risk Management goes beyond just an introductory treatment of derivative securities, dealing with more advanced topics and approaching the subject matter from a unique perspective. At its core lies the concept that commodity risk management decisions require an in-depth understanding of speculative strategies, and vice versa. The book offers readers a unified treatment of important concepts and techniques that are useful in applying derivative securities in the management of risk in commodity markets. While some of these techniques are well known and fairly common, Poitras offers applications to specific situations and links to speculative trading strategies - extensions of the material that not only are hard to come by, but helpful to both the academic and the practitioner. The book is divided into three parts. The first part deals with the general framework for commodity risk management, the second part focuses on the use of derivative security contracts in commodity risk management, and the third part deals with applications to three specific situations. As a textbook, this book is designed to appeal to classes at a senior undergraduate/MBA/MA levelof training in Finance, financial economics, actuarial science, management science, agriculturaleconomics and accounting. There will also be interest for the book as: a monograph for research libraries, a handbook for individuals working in the commodity risk management industry, and a guidebook for those in the general public interested in topics like farm risk management or the assessment of hedging practices of publicly-traded commodity producers.

Author:
Publisher:
ISBN:
Category : Agricultural diversification
Languages : en
Pages : 136

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Author: Janet Perry
Publisher:
ISBN:
Category : Broilers (Poultry)
Languages : en
Pages : 48

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Author: Jeffrey H. Dorfman
Publisher: Routledge
ISBN: 1134456565
Category : Business & Economics
Languages : en
Pages : 227

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This book analyzes the economics of the food industry at every stage between the farm gate and the kitchen counter. Central to the text are agricultural marketing problems such as the allocation of production between competing products (such as fresh and frozen markets), spatial competition, interregional trade, optimal storage, and price discrimination. Topics covered will be useful to students who expect to have careers such as food processing management, food sector buying or selling, restaurant management, supermarket management, marketing/advertising, risk management, and product development. The focus is on real world-relevant skills and examples and on intuition and economic understanding above mathematical sophistication, although the text does draw on the nuances of modern economic theory.

Author: Richard Friberg
Publisher: MIT Press
ISBN: 026233156X
Category : Business & Economics
Languages : en
Pages : 395

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Book Description
A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Author: United States. Congress. House. Committee on Agriculture. Subcommittee on Livestock, Dairy, and Poultry (2007-2012)
Publisher:
ISBN:
Category : Dairy products industry
Languages : en
Pages : 256

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Author: Kevin Kerr
Publisher: John Wiley & Sons
ISBN: 0471771902
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
If you are looking for a strong point of view that boosts the optimists' side of commodities trading, this is it. But Kevin Kerr's assurance that you can make money by trading commodities does not take into account the real risks involved, and could mislead potential traders. The truth is that the odds are stacked strongly against any investor, particularly in the now nearly-extinct open-outcry pit trading that Kerr discusses at length. However, his rundown of the basic facts about the commodities markets will give you a start in learning about this arcane investment science. getAbstract suggests that it may fit in as one among many texts you might want to study before jumping into the pit.

Author:
Publisher:
ISBN:
Category : Agriculture, Cooperative
Languages : en
Pages : 656

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