Organisation von Wertschöpfungsketten in der Gemüseproduktion Das Beispiel Spargel

Bianca Prechtel, Maike Kayser and Ludwig Theuvsen

No 260819, Department of Agricultural and Rural Development (DARE) Discussion Papers from Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE)

Abstract: This paper analyses the influencing factors of farmers’ use of price hedging instruments (PHIs) based upon a discrete choice experiment with German grain farmers. A mixed logit model is used to determine whether farmers’ choices of PHIs against cash sales are influenced by their price expectation, their risk attitude and their available storage capacities. The results show that farmers with a price expectation below the actual price level have a higher preference for using PHIs against cash sales in general and that the individual degree of risk aversion can have a significant impact on farmers’ choices of a specific PHI. A generally lower preference of farmers with available storage capacities for using PHIs as assumed in many theoretical contributions in the literature, however, cannot be confirmed.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 37
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:gadadp:260819

DOI: 10.22004/ag.econ.260819

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