An organizational perspective is taken in analyzing the general case of the biomass exchange and the specific case of the Iogen Corporation as it attempts to commercialize their cellulose ethanol technology. An example contract is examined in detail and compared to current straw and hay supply...

Mailbox milk prices from a representative dairy operation in Illinois are used to gauge the farm-level hedging effectiveness of Class III milk futures. The results indicate a hedge ratio of 0.85 can reduce price risk by over 90%. The importance of seasonal basis components is highlighted.