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dc.contributor.advisorSykuta, Michael E.eng
dc.contributor.authorWoolverton, Andrea Elizabeth, 1979-eng
dc.coverage.spatialUnited Stateseng
dc.coverage.spatialSouth Africaeng
dc.date.issued2007eng
dc.date.submitted2007 Summereng
dc.descriptionThe entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file.eng
dc.descriptionTitle from title screen of research.pdf file (viewed on December 18, 2007)eng
dc.descriptionVita.eng
dc.descriptionThesis (Ph. D.) University of Missouri-Columbia 2007.eng
dc.description.abstractThis dissertation analyzes the impact of the surrounding agricultural marketing environment on grain producers' hedging decisions. This dissertation hypothesize that supports such as producer income supports and grain price protections create general disincentives to consistently manage price-risk, particularly at low prices. A three-stage comparative method is used to test this hypothesis. Producer price-risk management interviews conducted in both the South African and U.S. grain belt regions are the primary data source. South African producer price-risk management decisions in a non-supported environment are compared to U.S. producer price-risk management decisions in a supported environment using a tobit regression. Producing in South Africa as compared to producing in the U.S. has a significantly positive impact on both pre-plant and pre-harvest hedging levels. Important market-based variables including debt, diversification and yield risk are also found to significantly impact the hedging decision across countries.eng
dc.description.bibrefIncludes bibliographical referenceseng
dc.identifier.merlinb61532873eng
dc.identifier.oclc184845053eng
dc.identifier.urihttps://doi.org/10.32469/10355/4735eng
dc.identifier.urihttps://hdl.handle.net/10355/4735
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcommunityUniversity of Missouri--Columbia. Graduate School. Theses and Dissertationseng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.subject.lcshHedging (Finance)eng
dc.subject.lcshProduce trade -- Priceseng
dc.subject.lcshGrain trade -- Priceseng
dc.subject.lcshFood industry and trade -- Priceseng
dc.subject.lcshFinancial futureseng
dc.titleInstitutional effects on grain producer price-risk management behavior : a comparative study across the United States and South Africaeng
dc.typeThesiseng
thesis.degree.disciplineAgricultural economics (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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