New Advances in Risk Management of Niche Agricultural Products: Applications and Implications - Couverture souple

Mandal, Maitreyi; Evans, Jason; DSouza, Gerard

 
9783639297447: New Advances in Risk Management of Niche Agricultural Products: Applications and Implications
Couverture souple
ISBN 10 : 363929744X ISBN 13 : 9783639297447
Editeur : VDM Verlag Dr. Müller, 2010

Synopsis

The study area for this analysis is the US Appalachian state of West Virginia, where pasture- based livestock has traditionally dominated the state's agricultural production sector. Enhanced production risk has been identified as a key risk factor in grass-fed beef production. This book examines various strategies that can be used by grass-fed beef producers to mitigate the impacts of risk. Included are an assessment of traditional tools such as government-administered livestock and crop insurance policies, to newer, market-based tools such as financial options and weather derivatives available through the Chicago Mercantile Exchange. A combination of stochastic dominance, burn analysis, Monte Carlo, Markov chain and Black- Scholes techniques is used to evaluate various derivative structures such as puts, calls, swaps, collars, straddles and strangles. The results should have implications for academicians, practitioners and policy makers. To the extent that rainfall and similar weather derivatives are analyzed, it can help inform the growing debate centered around strategies to help producers counter farm-level climate change impacts.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The study area for this analysis is the US Appalachian state of West Virginia, where pasture- based livestock has traditionally dominated the state's agricultural production sector. Enhanced production risk has been identified as a key risk factor in grass-fed beef production. This book examines various strategies that can be used by grass-fed beef producers to mitigate the impacts of risk. Included are an assessment of traditional tools such as government-administered livestock and crop insurance policies, to newer, market-based tools such as financial options and weather derivatives available through the Chicago Mercantile Exchange. A combination of stochastic dominance, burn analysis, Monte Carlo, Markov chain and Black- Scholes techniques is used to evaluate various derivative structures such as puts, calls, swaps, collars, straddles and strangles. The results should have implications for academicians, practitioners and policy makers. To the extent that rainfall and similar weather derivatives are analyzed, it can help inform the growing debate centered around strategies to help producers counter farm-level climate change impacts.

Biographie de l'auteur

The authors are, respectively, a Post Doctoral Fellow, Department of Economics, Swedish University of Agricultural Sciences (SLU), Sweden; an Assistant Professor of Agribusiness, State University of New York, Cobleskill, NY; and a Professor of Agricultural & Resource Economics, West Virginia University, Morgantown, USA.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
VDM Verlag Dr. Müller
Date d'édition
2010
Langue
anglais
ISBN 10 
363929744X
ISBN 13 
9783639297447
Reliure
Broché
Nombre de pages
148
Coordonnées du fabricant
non disponible
Personne responsable
non disponible