000018965 001__ 18965
000018965 005__ 20180122201312.0
000018965 037__ $$a1265-2016-101886
000018965 041__ $$aen
000018965 245__ $$aEVALUATION OF HEDGING IN THE PRESENCE OF CROP INSURANCE AND GOVERNMENT LOAN PROGRAMS
000018965 260__ $$c2001
000018965 269__ $$a2001
000018965 270__ $$mzuniga@agecon.msstate.edu$$pZuniga,   Manuel
000018965 270__ $$mcoble@agecon.msstate.edu$$pCoble,   Keith H.
000018965 270__ $$mr.heifner@erols.com$$pHeifner,   Richard
000018965 300__ $$a19
000018965 336__ $$aConference Paper/ Presentation
000018965 446__ $$aEnglish
000018965 490__ $$a2001 Conference, St. Louis, MO, April 23-24, 2001
000018965 520__ $$aThis research evaluates the interaction of new alternative insurance designs, forward pricing tools and the government revenue protection program while assuming a government loan program is in place. A numerical analysis is conducted using a revenue simulation model that incorporates futures prices, basis, and yield variability. Three crop insurance designs at 75 percent of yield guarantee are evaluated. Optimal futures and at-the-money put option hedge ratios are derived for expected utility maximizing of soybean producers. Sensitivity to loan rate levels are examined. Our results suggest that loan programs profoundly alter the optimal producer strategy.
000018965 650__ $$aAgricultural Finance
000018965 650__ $$aMarketing
000018965 700__ $$aZuniga, Manuel
000018965 700__ $$aCoble, Keith H.
000018965 700__ $$aHeifner, Richard G.
000018965 8564_ $$s93387$$uhttps://ageconsearch.umn.edu/record/18965/files/cp01zu01.pdf
000018965 887__ $$ahttp://purl.umn.edu/18965
000018965 909CO $$ooai:ageconsearch.umn.edu:18965$$pGLOBAL_SET
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  Previous issue date: 2001
000018965 982__ $$gNCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management>2001 Conference, St. Louis, MO, April 23-24, 2001
000018965 980__ $$a1265