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The purpose of this paper is to investigate the marketing performance of wheat farmers in Illinois and Kansas over 1982 …-2004. The results show that farmer benchmark prices for wheat in Illinois and Kansas fall in the middle-third of the price range … Kansas wheat farmers routinely market the bulk of their wheat crop in the bottom portion of the price range. Tests of the …
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barometers for producers to use in deciding whether to store or not. Basis is the single most important market signal for wheat … producers to use when deciding whether to store or sell their wheat at harvest. While some models indicated low futures prices …
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This paper is a self-contained introduction to the concept and methodology of "value at risk," which is a new tool for measuring an entity's exposure to market risk. We explain the concept of value at risk, and then describe in detail the three methods for computing it: historical simulation;...
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Mean-variance analysis in the form of risk programming has a long, productive history in agricultural economics research. And risk programming continues to be used despite well known theoretical results that choices based on mean-variance analysis are not consistent with choices based on...
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