Showing 1 - 10 of 11
This paper evaluates the economic consequences of milk marketing orders for producers and consumers in organic and … exemption of organics from marketing order regulation would make organic farmers better off at the expense of conventional …
Persistent link: https://www.econbiz.de/10005327216
This paper documents the remarkable experience of the Far West mint producers in the operation of their marketing order …. From 1993 to 2002, the marketing order witnessed a dramatic reduction its share of the Scotch spearmint market, as well as … marketing order price as a logical consequence of increased world production of spearmint oil. We estimate an econometric model …
Persistent link: https://www.econbiz.de/10005327293
The central part of pricing agricultural commodity futures options is to find appropriate stochastic process of the underlying assets. The Black's (1976) futures option pricing model laid the foundation for a new era of futures option valuation theory. The geometric Brownian motion assumption...
Persistent link: https://www.econbiz.de/10005803330
Econometric models of commodity prices have been estimated for more than 80 years, but both structural and time series models require ad hoc assumptions to capture all the features of commodity price series. Commodities can be broadly divided into two categories: storable and non-storable. The...
Persistent link: https://www.econbiz.de/10005804889
An extension of Schwartz's model of futures price term structure that includes seasonality is developed. The approach allows futures prices for all maturities to be estimated simultaneously by exploiting arbitrage relationships. An application to wheat futures prices is presented.
Persistent link: https://www.econbiz.de/10005806440
This research shows that the existing literature on milk marketing orders misses an important effect. Previous work … ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer … benefits from marketing orders have been smaller than previous work suggests, and, under some conditions, may even be negative …
Persistent link: https://www.econbiz.de/10005500357
Users of agricultural markets frequently need to establish accurate representations of expected future volatility. The fact that range-based volatility estimators are highly efficient has been acknowledged in the literature. However, it is not clear whether using range-based data leads to better...
Persistent link: https://www.econbiz.de/10005500383
Persistent link: https://www.econbiz.de/10009020504
Persistent link: https://www.econbiz.de/10005476763
Users of agricultural markets always need to establish accurate representations of future volatility. This paper investigates the properties of realized volatility in the soybean futures market. The results indicate that the distributional properties of realized volatility based on 5-minute...
Persistent link: https://www.econbiz.de/10005476953