Maynard, Leigh J.; Wolf, Christopher; Gearhardt, Matthew - In: Review of Agricultural Economics 27 (2005) 2, pp. 273-286
U.S. Department of Agriculture's Dairy Options Pilot Program promoted hedging by producers, and was a test case for similar programs in other agricultural industries. Rapidly shifting milk pricing policies impeded quantitative hedging evaluations while the program was active. Hedging appears...