Analysing Farmers’ Use of Price Hedging Instruments: An Experimental Approach

Anastassiadis, Friederike; Feil, Jan‐Henning; Mußhoff, Oliver; Schilling, Philipp

doi:10.1515/jafio-2014-0007

Cited by 13 publications

(14 citation statements)

References 31 publications

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“…Considering hedging decisions among German farmers, Anastassiadis et al . () showed that price expectations, attitude regarding risk and storage capacity influenced the risk management strategies of grain farmers.…”

Section: Previous Studiesmentioning

confidence: 99%

Factors influencing hedging decision: evidence from Brazilian citrus growers

Carrer

Silveira²,

Filho

2018

Aus J Agri & Res Econ

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The purpose of this study was to analyse the hedging behaviour of 98 citrus growers from the State of Sao Paulo, Brazil. Marketing behaviour was modelled as a choice between spot market, short and long‐term forward contracts. A multinomial logistic regression model was used to evaluate the role of behavioural, personal and managerial variables in the choice. Results indicated that the factors which explain the use of forward contracts by citrus growers are the following: risk propensity; trade with juice processing companies; farming diversification; overconfidence in management; participation in pools; use of management tools; and technical assistance. The results can be useful for farmers, policymakers, government agencies, traders and extension agents.

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Section: Previous Studiesmentioning

confidence: 99%

Factors influencing hedging decision: evidence from Brazilian citrus growers

Carrer

Silveira²,

Filho

2018

Aus J Agri & Res Econ

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“…To limit this bias, Anastassiadis et al. () analyse German cereal producers’ choices to cover risk with forward contracts under controlled test conditions using a discrete choice method.…”

Section: Discussionmentioning

confidence: 99%

Marketing contracts and risk management for cereal producers

Roussy¹,

Ridier

Chaib

et al. 2018

Agribusiness

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French specialized durum wheat farmers are subject to market risks (price volatility), production risks (fluctuating quality and yields), and an increasingly restrictive regulatory environment (limits on inputs).The purpose of this paper is to gain a more in-depth understanding of the strategies used by those farmers to manage these risks by analysing portfolio strategies in marketing methods and in production decisions. The findings show that three main categories of marketing methods can be adopted in different proportions: forward contracts, average price contracts and spot market selling. A hundred farmers are surveyed in South-West France. An empirical analysis of the determinants of their marketing methods show that risk perceptions and the farmer's level of education influence the choice to sign a preharvest contract for part of their production. In addition, agricultural diversification is negatively correlated with the choice to use forward contracts to hedge against market risk. [EconLit citations: Q13, L24, C24].

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“…In this, the study focused on results for Europe. A global perspective does not seem feasible, since European farmers operate under fundamentally different conditions with regard to farm structures, climate, agricultural market structures, and agricultural policy [23]. The European rental market appears promising for the assessed research questions due to the high rental shares, the comparatively high political regulation of agricultural production as well as the fact that in no other region have rental prices risen so sharply in recent years [11].…”

Section: Introductionmentioning

confidence: 99%

German Farmers’ Perspectives on Price Drivers in Agricultural Land Rental Markets—A Combination of a Systematic Literature Review and Survey Results

Hobe

Michels

Mußhoff

2021

Land

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Despite the popularity of agricultural land markets as a research topic, a current literature review on price drivers on agricultural land rental markets is missing, which is crucial in order to gain an overview of the status quo. Furthermore, farmers’ perceptions of price drivers on agricultural land rental markets have not been considered sufficiently. Therefore, this study combines descriptive results from a survey with 156 German farmers conducted during 2019–2020 using purposive sampling and a systematic literature review. The systematic literature review reveals four important areas acting as price drivers in agricultural land rental markets: policy/Common Agricultural Policy (CAP), bioenergy, climate change, and market prices/competition. Based on the overview, several points of departure for further research are provided. Furthermore, results from the survey show that farmers’ perceptions of the relative importance of the price drivers differ from the results of scientific literature. Therefore, perceptions of farmers should be considered for possible policy interventions derived from scientific evidence.

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Analysing Farmers’ Use of Price Hedging Instruments: An Experimental Approach

Cited by 13 publications

References 31 publications

Factors influencing hedging decision: evidence from Brazilian citrus growers

Factors influencing hedging decision: evidence from Brazilian citrus growers

Marketing contracts and risk management for cereal producers

German Farmers’ Perspectives on Price Drivers in Agricultural Land Rental Markets—A Combination of a Systematic Literature Review and Survey Results

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