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New Generation Grain Marketing Contracts

Lewis A. Hagedorn, Scott Irwin, Joao Gomes Martines-Filho, Darrel L. Good, Bruce Sherrick () and Gary Schnitkey ()
Authors registered in the RePEc Author Service: João Gomes Martines Filho

No 14782, AgMAS Project Research Reports from University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics

Abstract: The purpose of this research report is to summarize the features of several types of "new generation" grain marketing contracts. Over the last several years, new types of grain marketing contracts have been developed by the grain industry in an attempt to improve the results of the marketing process for farmers. These products use automated pricing rules, discretionary marketing on the part of a professional advisor, options strategies, or some combination of all three; their goal is to achieve a price for the farmer near or above the "average" price offered by the market over a given time. Reports in the farm media suggest interest in new generation contracts has increased rapidly in recent years. This publication describes some of the contracts currently available and, where possible, provides examples of how each would perform in different market conditions.

Keywords: Crop Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 35
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uiucrr:14782

DOI: 10.22004/ag.econ.14782

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