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Organisation von Wertschöpfungsketten in der Gemüseproduktion Das Beispiel Spargel

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  • Prechtel, Bianca
  • Kayser, Maike
  • Theuvsen, Ludwig

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.

Suggested Citation

  • Prechtel, Bianca & Kayser, Maike & Theuvsen, Ludwig, 2013. "Organisation von Wertschöpfungsketten in der Gemüseproduktion Das Beispiel Spargel," Department of Agricultural and Rural Development (DARE) Discussion Papers 260819, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
    • Handle: RePEc:ags:gadadp:260819
    DOI: 10.22004/ag.econ.260819
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    Keywords

    Agribusiness;

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