The use of hedging with commodity- futures markets to reduce the price risk in corn production is examined. Both intra-year and inter-year risk are evaluated with different hedging strategies. Strategies involve no hedge, hedge and hold, controlled hedge placement and hold, and in and out...

Cooperative statutory provisions that provide for democratic membership control provide limitations affecting the management of cooperatives. Management provisions concerning membership requirements for directors and officers, amendments to articles of incorporation, and removal of officers may...

The role of the economist is to identify and solve puzzles. Unsolved puzzles seem to crop up more frequently these days or perhaps my ability to solve them has diminished. The purpose of this paper is to set forth selected enigmas in hope that someone (perhaps a briqht, younq mind who fails to...