The U.S. biofuel industry is striving to produce ethanol from cellulosic feedstock sources in an effort to augment its existing corn grain-based ethanol production infrastructure. Technology to commercially produce cellulosic ethanol is rapidly advancing due in large part to the availability of...

Rabobankâs offer to purchase Farm Credit Services of America (FCSA) for $600 million was a surprise because few people ever envisioned 1) fragmentation of the Farm Credit System and/or 2) a foreign lender gaining large market share of U.S. agricultural financial markets. Although FCSA has...

The presence of multiple sources of uncertainty complicates hedging decisions. One of these is the output price and its correlation with input prices. The other is how far forward a firm covers its positions. This study analyzes hedging strategies for grain importers as processors. The...