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https://hdl.handle.net/1959.11/638
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Simmons, PR | en |
dc.date.accessioned | 2008-07-28T15:24:00Z | - |
dc.date.issued | 2002 | - |
dc.identifier.citation | Agricultural Economics, 27(1), p. 1-6 | en |
dc.identifier.issn | 1574-0862 | en |
dc.identifier.issn | 0169-5150 | en |
dc.identifier.uri | https://hdl.handle.net/1959.11/638 | - |
dc.description.abstract | A 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.language | en | en |
dc.publisher | Elsevier Science BV | en |
dc.relation.ispartof | Agricultural Economics | en |
dc.title | Why do farmers have so little interest in futures markets? | en |
dc.type | Journal Article | en |
dc.identifier.doi | 10.1111/j.1574-0862.2002.tb00098.x | en |
dcterms.accessRights | UNE Green | en |
dc.subject.keywords | Agricultural Economics | en |
local.contributor.firstname | PR | en |
local.subject.for2008 | 140201 Agricultural Economics | en |
local.subject.seo | 720401 Marketing | en |
local.profile.school | UNE Business School | en |
local.profile.email | psimmons@une.edu.au | en |
local.output.category | C1 | en |
local.record.place | au | en |
local.record.institution | University of New England | en |
local.identifier.epublicationsrecord | pes:442 | en |
local.publisher.place | Netherlands | en |
local.format.startpage | 1 | en |
local.format.endpage | 6 | en |
local.peerreviewed | Yes | en |
local.identifier.volume | 27 | en |
local.identifier.issue | 1 | en |
local.access.fulltext | Yes | en |
local.contributor.lastname | Simmons | en |
dc.identifier.staff | une-id:psimmons | en |
local.profile.role | author | en |
local.identifier.unepublicationid | une:647 | en |
dc.identifier.academiclevel | Academic | en |
local.title.maintitle | Why do farmers have so little interest in futures markets? | en |
local.output.categorydescription | C1 Refereed Article in a Scholarly Journal | en |
local.search.author | Simmons, PR | en |
local.open.fileurl | https://rune.une.edu.au/web/retrieve/a208254e-434d-470e-95e5-93500e075a82 | en |
local.uneassociation | Unknown | en |
local.identifier.wosid | 000176129200001 | en |
local.year.published | 2002 | en |
local.fileurl.open | https://rune.une.edu.au/web/retrieve/a208254e-434d-470e-95e5-93500e075a82 | en |
Appears in Collections: | Journal Article |
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File | Description | Size | Format | |
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open/SOURCE03.pdf | Author final version | 82.44 kB | Adobe PDF Download Adobe | View/Open |
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