MARKETING OF COTTON FIBER IN THE PRESENCE OF YIELD AND PRICE RISK

An 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.


Subject(s):
Issue Date:
2000-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15315
Published in:
Journal of Agricultural and Applied Economics, Volume 32, Number 3
Page range:
521-529
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-23

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