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AGRICULTURAL ECONOMICS AND DEVELOPMENT awt-yekta فصلنامه اقتصاد کشاورزی و توسعه
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:: Volume 25, Number 98 (9-2017) ::
Back to browse issues page 3 2017, 25(98): 1-17
XML The Role of Agricultural Commodity Exchange on Hedging (Case Study: Selected Agricultural Product) Print

Persian Abstract
Author(s): A. Amjadi , S. A. Hosseini Yekani , S. Ahmadi Kaliji
Study Type: Research | Subject: Special
Article abstract:
Abstract Fluctuations in the agricultural products price face producer and consumer with risk and uncertainty. Futures contract as an important tool of hedging pays to price risk management. Base on, this study has tried to use of the least mean-variance method investigating agricultural product hedging situation in the Wall Street exchange market at the one-month period of December 2014. The results show that the futures contract of corn decreasing risk price about 26 percent. Also, in comparison with corn, the futures contract of soybean has more hedging than corn futures contract. The results of hedging efficiency of wheat futures contract represent hedging is up to 83 percent and this amount for cotton is about 79 percent. According to the results, development of agricultural commodity exchange specially the agricultural futures contracts can be minimized farmers concerns in the field of risk. JEL Classification: D81, G32 Keywords: Agricultural Commodity Exchange, Hedging, Least Mean-Variance Method
Keywords
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Amjadi A, Hosseini Yekani S, Ahmadi Kaliji S. The Role of Agricultural Commodity Exchange on Hedging (Case Study: Selected Agricultural Product). 3. 2017; 25 (98) :1-17
URL http://aead.agri-peri.ir/browse.php?a_code=A-10-28-120&slc_lang=en&sid=1
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