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New Generation Grain Marketing Contracts

Author

Listed:
  • Hagedorn, Lewis A.
  • Irwin, Scott H.
  • Martines-Filho, Joao Gomes
  • Good, Darrel L.
  • Sherrick, Bruce J.
  • Schnitkey, Gary D.

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.

Suggested Citation

  • Hagedorn, Lewis A. & Irwin, Scott H. & Martines-Filho, Joao Gomes & Good, Darrel L. & Sherrick, Bruce J. & Schnitkey, Gary D., 2003. "New Generation Grain Marketing Contracts," AgMAS Project Research Reports 14782, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    • Handle: RePEc:ags:uiucrr:14782
    DOI: 10.22004/ag.econ.14782
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    Citations

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    Cited by:

    1. Cabrini, Silvina M. & Irwin, Scott H. & Good, Darrel L., 2005. "Efficient Portfolios of Market Advisory Services: An Application of Shrinkage Estimators," 2005 Annual meeting, July 24-27, Providence, RI 19469, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Cabrini, Silvina M. & Stark, Brian G. & Irwin, Scott H. & Good, Darrel L. & Martines-Filho, Joao, 2005. "Portfolios of Agricultural Market Advisory Services: How Much Diversification Is Enough?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 37(1), pages 101-114, April.
    3. Feil, J.-H. & Anastassiadis, F. & Mußhoff, O. & Schilling, P., 2015. "Analysing Farmers’ Use of Price Hedging Instruments: An Experimental Approach," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 50, March.
    4. Elliott, Lisa & Elliott, Matthew & Slaa, Chad Te & Wang, Zhiguang, 2020. "New generation grain contracts in corn and soybean commodity markets," Journal of Commodity Markets, Elsevier, vol. 20(C).

    More about this item

    Keywords

    Crop Production/Industries; Marketing;

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