Price Pooling and the Gains from Hedging: Application to a Swedish Grain Cooperative
Johnson, D. Demcey; Nilsson, Tomas K.H.; Andersson, Hans
2001

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Abstract

Optimal hedging strategies are analyzed for a cooperative operating a price pooling system in the presence of price and quantity risk. A three-period model, accounting for default risk and storage, is developed. Hedging allows the cooperative to increase the pool price offered to farmers by 2.8 - 4% for moderate risk parameters.

Details

Title Price Pooling and the Gains from Hedging: Application to a Swedish Grain Cooperative
Author(s) Johnson, D. Demcey
Nilsson, Tomas K.H.
Andersson, Hans
Subject(s)
Issue Date 2001
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.20554
Record Identifier https://ageconsearch.umn.edu/record/20554
PURL Identifier http://purl.umn.edu/20554
Language English
Total Pages 19
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2001 Annual meeting, August 5-8, Chicago, IL

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