Modeling Price and Yield Risk

  • Barry K. Goodwin
  • Alan P. Ker
Chapter
Part of the Natural Resource Management and Policy book series (NRMP, volume 23)

Abstract

Agricultural producers face a wide array of risks that influence their production and marketing decisions. Though a precise and comprehensive taxonomy may be difficult, risk is typically assumed to originate from the random nature of prices (for both inputs and outputs) and yields (for both animal and plant production). In addition, producers may face other less tangible sources of risk, including those risks associated with liability issues and the potential for capital gains and losses in asset values that may arise from exogenous shocks such as policy changes.1

Keywords

Option Price Implied Volatility GARCH Model Strike Price Nonparametric Estimator 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Barry K. Goodwin
    • 1
    • 2
  • Alan P. Ker
    • 1
    • 2
  1. 1.The Ohio State UniversityUSA
  2. 2.University of ArizonaUSA

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