ANALYSIS OF SELECTED MARKETING STRATEGIES - A WHOLE-FARM SIMULATION APPROACH Academic Article

abstract

• A detailed whole-farm simulation model capable of simulating stochastic daily cash and futures prices was used to evaluate alternative marketing strategies for a Texas High Plains cotton farm over a ten-year planning horizon. Stochastic dominance with respect to a function was used to rank the alternative marketing strategies for risk-averse and risk-neutral producers. Results indicated that risk-averse producers would prefer hedge and hold marketing strategies over discretionary hedging strategies. Sellers' call contracting was not highly preferred by either risk-neutral or risk-averse producers. 1985 American Agricultural Economics Association.

authors

• Richardson, James

published proceedings

• AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS

author list (cited authors)

• VONBAILEY, D., & RICHARDSON, J. W.

citation count

• 11

complete list of authors

• VONBAILEY, D||RICHARDSON, JW

publication date

• November 1985

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

Digital Object Identifier (DOI)

• 10.2307/1241821

start page

• 813

end page

• 820

volume

• 67

issue

• 4

URL

• http%3A%2F%2Fdx.doi.org%2F10.2307%2F1241821