The use of crop yield futures contracts to hedge expected net revenue is examined. The expectation of being modeled here reflects that of an Illinois corn and soybean producer in March of the revenue realized after harvest. The effects of using price and yield contracts are measured by comparing...

The use of crop yield futures contracts is examined. The expectation being modeled here reflects that of an Illinois corn and soybeans producer at planting, of revenue realized at harvest. The effects of using price and crop yield contracts are measured by comparing the results of the expected...

The use of crop yield futures contracts is examined. The expectation being modeled here reflects that of an Illinois corn and soybeans producer at planting, of revenue realized at harvest. The effects of using price and crop yield contracts are measured by comparing the results of the expected...

The economic function of a futures market is performed efficiently only when a high level of competition exists among the participants. The prevention of distortions such as quot;squeezesquot; or quot;cornersquot; has been an area of major concern for futures institutions. At the heart of such...

Given the size and variability of U.S. federal outlays on agricultural support programs, alternative means of structuring and implementing the programs are frequently considered, particularly through private sector risk management institutions such as futures and option markets. The Option Pilot...

Theoretical models are derived for pricing derivative market instruments with payoff structures identical to those implied by the deficiency, Findley, and loan programs. Numerical approximation methods are used to obtain market premiums for the exotic contingent claims embedded in these types of...

Over the past decade, conservation compliance has reduced soil erosion. What will happen to these erosion benefits if commodity programs are eliminated or if the subsidy level is greatly reduced? This study investigates whether there will be a significant decline in the amount of acreage on...

The study investigates price relationships and linkages among different markets using daily futures prices of corn, live hogs, crude oil, Treasury bills, and deutsche marks with two alternative time series techniques. Results suggest that price linkages consistent over time are extremely limited