Risk management strategy evaluation for corn and soybean producers
Abstract
Returns to a model farm are simulated to assess the impact of marketing and insurance risk management tools as measured by mean net returns and returns at 5% value‐at‐risk (VaR). Results indicate that revenue insurance strategies and strategies involving a combination of price and yield protection provide substantial downside revenue protection, while mean net returns only modestly differ from the benchmark harvest sale strategy when considering all years between 1986 and 2000.
Keywords
Citation
Pritchett, J.G., Patrick, G.F., Collins, K.J. and Rios, A. (2004), "Risk management strategy evaluation for corn and soybean producers", Agricultural Finance Review, Vol. 64 No. 1, pp. 45-60. https://doi.org/10.1108/00214660480001153
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited