Marketing of Cotton Fiber in the Presence of Yield and Price Risk-Reference-Cited by-同舟云学术

Marketing of Cotton Fiber in the Presence of Yield and Price Risk

Published:2000-12 Issue:3 Volume:32 Page:521-529
ISSN:1074-0708
Container-title:Journal of Agricultural and Applied Economics
language:en
Short-container-title:J. Agric. Appl. Econ.

Author:

Wojciechowski Jan,Ames Glenn C. W.,Turner Steven C.,Miller Bill R.

Abstract

AbstractAn expected-utility model and a chance-constrained linear programming model were used to analyze four marketing strategies and seven crop insurance alternatives for cotton marketing in Georgia. The results suggest that existing marketing tools and insurance alternatives can be used to reduce cotton producers' revenue risk. The optimal level of yield and price insurance coverage depends on an individual producer's risk aversion.

Publisher

Cambridge University Press (CUP)

Subject

Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)

Reference15 articles.

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