Optimal Cash Purchase Strategies to Reduce Fertilizer Price Risk

Philip L. Kenkel and Taeyoon Kim

No 46570, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: Fertilizer price volatility has increased dramatically. This research examines cash purchase and warehouse strategies. Seventeen years of Oklahoma fertilizer prices are examined. The results indicate that mechanical cash purchase strategies can be used to reduce the average cost or variance for fertilizer. Optimal purchase dates are also identified.

Keywords: Agribusiness; Crop Production/Industries; Farm Management (search for similar items in EconPapers)
Pages: 8
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46570

DOI: 10.22004/ag.econ.46570

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