This paper provides a unique perspective to the question of why U.S. producers' hedging practices are not consistent with the price-risk management literature. We conduct a formal test of income support program impacts with unique producer survey data from South Africa and the United States,...

This article provides a unique perspective to why U.S. producers' hedging practices are not consistent with the price-risk management literature. We conduct a formal test of income support program impacts with survey data from South Africa and the United States, which have different producer...