Farmers and other buyers and sellers of commodities use options in their marketing strategies. A cost of buying put and call options is the decay in option premium that occurs from the time an option position is established until the time the option position is closed out. This article finds...

RECENT events in Central and Eastern Europe are part of a continuing, world-wide political and economic realignment that is important to U.S. food and agricultural industries. The realignment has greater long-run significance for U.S. agriculture than either the new farm bill or the GATT...