Marketing of milk and meat in Denmark is dominated by two large cooperatives, Arla Foods in the dairy sector and Danish Crown in the pork sector. Members in these cooperatives practically have no possibility for price risk management on their main product. Futures markets for dairy and pork are...

Cover page and table of contents for issue 41/2

The objectives of this paper are to develop a measure of risk aversion based on the safety-first principle. The risk coefficient for a large number of farmers was positive indicating the tendency towards gambling in Bangladesh agriculture. Farmers who were near subsistence income (disaster level...