The objective of this paper is to investigate the performance of different VaR models in the context of risk assessment in hog production. Potential pitfalls of traditional VaR models are pinpointed and proposals to solve them are analyzed. After a brief description these methods are used to...

German hog production responds only very limited to price fluctuations in the pork market. The hog production concentrates in a few regions though it does not depend on special natural conditions. Furthermore, the production volume does hardly vary over time. Relatively high market risks, sunk...

The objective of this paper is to investigate the performance of different Value-at-Risk (VaR) models in the context of risk assessment in hog production. The paper starts with a description of traditional VaR models, i.e. Variance-Covariance-Method (VCM) and Historical Simulation (HS). We...

Die Veredlungsproduktion in Deutschland reagiert nur verhalten auf die erheblichen Preis-schwankungen des Schweinemarktes. Die Erzeugung von Mastschweinen ist im Zeitablauf relativ konstant und darüber hinaus sehr ungleichmäßig im Raum verteilt, obwohl die Veredlungsproduktion als...