TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR

Ronald Cotterill () and Hachim M. Salih

No 116109, Working Papers from Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance

Abstract: This paper specifies a model of wholesale flour price determination that incorporates risk measures for input prices (wheat) and a joint output price (millfeed). Tests using daily price data for a Buffalo flour miller indicate that risk premiums do exist. Moreover, these premiums persist in a model that incorporates hedging.

Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 1992-09
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:rpspwp:116109

DOI: 10.22004/ag.econ.116109

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