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Price volatility has recently increased in the corn and soybean markets. As the price risk environment has changed for producers, risk management strategies need to be reexamined. Which strategies provide downside revenue protection and high mean revenues? The strategies considered are...

With growing interest in cellulosic biofuels production, U.S. farmers may soon be called upon to produce new commercial dedicated energy crops such as miscanthus. Producing miscanthus however poses new risks to farmers. In particular, the ambiguity of commercial miscanthus yield risk to date and...

Accurately estimating consumer demand for new products is an arduous task made even more difficult by the fact that individuals tend to overstate the amount they are willing to pay for new goods when asked hypothetical questions. Despite their appeal in eliminating hypothetical bias, marketers...