ANALYSIS OF SELECTED MARKETING STRATEGIES - A WHOLE-FARM SIMULATION APPROACH
- Additional Document Info
- View All
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.
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
author list (cited authors)
VONBAILEY, D., & RICHARDSON, J. W.
complete list of authors
VONBAILEY, D||RICHARDSON, JW