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Optimal Cash Grain Sale, Storage, and Hedging Decisions for Grain Producers: A Stochastic Dynamic Programming Analysis

Russell Tronstad

No 270518, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Optimal grain marketing decisions are given for different levels of cash price, basis (futures minus cash), before-tax income, grain storage, futures position, and value of futures position facing the firm. Results indicate that income tax considerations are very important in determining optimal cash grain sales and futures transactions.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Farm Management (search for similar items in EconPapers)
Pages: 17
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270518

DOI: 10.22004/ag.econ.270518

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