Analysis of Selected Marketing Strategies: A WholeFarm Simulation Approach Academic Article uri icon

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.

published proceedings

  • American Journal of Agricultural Economics

author list (cited authors)

  • Bailey, D., & Richardson, J. W.

citation count

  • 11

complete list of authors

  • Bailey, DeeVon||Richardson, James W

publication date

  • November 1985

publisher