Manfredo, Mark R.; Richards, Timothy J. - In: Agricultural Finance Review 67 (2007) 2, pp. 311-339
), along with various forward contracts offered to cooperative members to manage the variability of milk revenues, have the … potential to improve cooperative‐, and ultimately member‐level risk‐return performance. Because most cooperatives have limited … access to equity capital, effective use of available risk management tools can increase cooperative value by increasing debt …