dc.contributor.advisor | Sykuta, Michael E. | eng |
dc.contributor.author | Woolverton, Andrea Elizabeth, 1979- | eng |
dc.coverage.spatial | United States | eng |
dc.coverage.spatial | South Africa | eng |
dc.date.issued | 2007 | eng |
dc.date.submitted | 2007 Summer | eng |
dc.description | The 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.description | Title from title screen of research.pdf file (viewed on December 18, 2007) | eng |
dc.description | Vita. | eng |
dc.description | Thesis (Ph. D.) University of Missouri-Columbia 2007. | eng |
dc.description.abstract | This 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.bibref | Includes bibliographical references. | eng |
dc.identifier.merlin | b61532873 | eng |
dc.identifier.oclc | 184845053 | eng |
dc.identifier.uri | https://doi.org/10.32469/10355/4735 | eng |
dc.identifier.uri | https://hdl.handle.net/10355/4735 | |
dc.language | English | eng |
dc.publisher | University of Missouri--Columbia | eng |
dc.relation.ispartofcommunity | University of Missouri--Columbia. Graduate School. Theses and Dissertations | eng |
dc.rights | OpenAccess. | eng |
dc.rights.license | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License. | |
dc.subject.lcsh | Hedging (Finance) | eng |
dc.subject.lcsh | Produce trade -- Prices | eng |
dc.subject.lcsh | Grain trade -- Prices | eng |
dc.subject.lcsh | Food industry and trade -- Prices | eng |
dc.subject.lcsh | Financial futures | eng |
dc.title | Institutional effects on grain producer price-risk management behavior : a comparative study across the United States and South Africa | eng |
dc.type | Thesis | eng |
thesis.degree.discipline | Agricultural economics (MU) | eng |
thesis.degree.grantor | University of Missouri--Columbia | eng |
thesis.degree.level | Doctoral | eng |
thesis.degree.name | Ph. D. | eng |