Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/638
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dc.contributor.authorSimmons, PRen
dc.date.accessioned2008-07-28T15:24:00Z
dc.date.issued2002en
dc.identifier.citationAgricultural Economics, 27(1), p. 1-6en
dc.identifier.issn0169-5150en
dc.identifier.urihttps://hdl.handle.net/1959.11/638en
dc.description.abstractA farm financial model with leverage and investment in two farm enterprises is specified. The model is extended to incorporate futures hedging and the Separation Theorem is used to show that optimal hedging is zero. The assumption of a risk-free asset is relaxed and, while this leads to a violation of the Separation Theorem, the result that optimal hedging is zero is maintained providing that futures markets are efficient. It is concluded that if capital markets are efficient then farmers will have little interest in futures markets except to speculate.en
dc.languageenen
dc.publisherElsevier Scienceen
dc.relation.ispartofAgricultural Economicsen
dc.titleWhy do farmers have so little interest in futures markets?en
dc.typeJournal Articleen
dc.identifier.doi10.1111/j.1574-0862.2002.tb00098.xen
dcterms.accessRightsUNE Greenen
dc.subject.keywordsAgricultural Economicsen
local.contributor.firstnamePRen
local.subject.for2008140201 Agricultural Economicsen
local.subject.seo720401 Marketingen
local.profile.schoolUNE Business Schoolen
local.profile.emailpsimmons@une.edu.auen
local.output.categoryC1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordpes:442en
local.publisher.placeAustraliaen
local.format.startpage1en
local.format.endpage6en
local.peerreviewedYesen
local.identifier.volume27en
local.identifier.issue1en
local.access.fulltextYesen
local.contributor.lastnameSimmonsen
dc.identifier.staffune-id:psimmonsen
local.profile.roleauthoren
local.identifier.unepublicationidune:647en
dc.identifier.academiclevelAcademicen
local.title.maintitleWhy do farmers have so little interest in futures markets?en
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.description.statisticsepubsVisitors: 52<br />Views: 47<br />Downloads: 4en
local.search.authorSimmons, PRen
local.open.fileurlhttps://rune.une.edu.au/web/retrieve/a208254e-434d-470e-95e5-93500e075a82en
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