The 1996 and 2002 Farm Bill changes in milk support price legislationderegulated the market and milk prices are more volatile than ever. The use of amechanism to reduce farmers' exposure to volatile milk prices has therefore becomeessential. This study evaluates the impact of two hedging...

The passage of the 2002 Farm Bill and the removal of the peanut quota system revealed underlying fundamental problems in the Virginia peanut industry. Lower yields and high costs plague producers at the farm level, acreage levels continue to decline and it is doubtful that peanut production in...

Two very important benchmarks in the development of a marketing strategy are the variable and fixed costs of production. Every farmer has costs of production that are unique to their particular farm. Accurately identifying the costs of production or break even costs for the various crop...

This thesis is a long-term evaluation of the profit margin hedging strategy suggested by Kenyon and Clay. To implement this strategy an expected profit margin is estimated based on the amount of pork, corn price, and soybean meal price. The profit margin that can be âlocked inâ by the futures...