Kim, Hyun Seok; Brorsen, B. Wade; Anderson, Kim B. - In: American Journal of Agricultural Economics 92 (2010) 3, pp. 638-653
Some extension economists and others recommend profit margin hedging as a way to choose the timing of crop sales. However, the theory behind this strategy recommendation is not well developed. This article determines the producer's utility function and price processes where profit margin hedging...