IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v67y1985i4p813-820..html
   My bibliography  Save this article

Analysis of Selected Marketing Strategies: A Whole-Farm Simulation Approach

Author

Listed:
  • DeeVon Bailey
  • James W. Richardson

Abstract

A detailed whole-farm simulation model capable of simulating stochastic daily cash and futures prices was used to evaluate alternative marketing strategies for a Texas High Plains cotton farm over a ten-year planning horizon. Stochastic dominance with respect to a function was used to rank the alternative marketing strategies for risk-averse and risk-neutral producers. Results indicated that risk-averse producers would prefer hedge and hold marketing strategies over discretionary hedging strategies. Sellers' call contracting was not highly preferred by either risk-neutral or risk-averse producers.

Suggested Citation

  • DeeVon Bailey & James W. Richardson, 1985. "Analysis of Selected Marketing Strategies: A Whole-Farm Simulation Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 813-820.
    • Handle: RePEc:oup:ajagec:v:67:y:1985:i:4:p:813-820.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1241821
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hinson, Roger A. & Lee, John G. & Huh, Mooyul, 1990. "Evaluation Of Selected Fresh Vegetable Terminal Markets: A Stochastic Dominance Approach," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-10, December.
    2. Frank, Stuart D. & Pfeiffer, George H. & Curtis, Charles E. & Irwin, Scott H., 1986. "Analysis Of Soybean Options Harimting Strategies," 1986 Annual Meeting, July 27-30, Reno, Nevada 278501, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Anderson, John D. & Harri, Ardian & Coble, Keith H., 2009. "Techniques for Multivariate Simulation from Mixed Marginal Distributions with Application to Whole-Farm Revenue Simulation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(1), pages 1-15, April.
    4. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.
    5. Elrod, Christopher P. & Robinson, John R.C. & Richardson, James W., 2008. "Simulation of Alternative Marketing Strategies for U.S. Cotton," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6885, Southern Agricultural Economics Association.
    6. Zacharias, Thomas P. & Lange, Mark D. & Gleason, William J. & Traylor, Harlon D., 1987. "A Producer-Level Cross-Hedge For Rough Rice Using Wheat Futures," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-8, December.
    7. Wilson, Paul N., 1986. "Risk Attitude Estimation By Econometric Methods: A Discussion," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271815, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    8. Olsen, Douglas Ray, 1990. "An analysis of the use of farm marketing and crop insurance risk transfer tools by Iowa farm characteristics," ISU General Staff Papers 1990010108000018157, Iowa State University, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:67:y:1985:i:4:p:813-820.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.