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Please use this identifier to cite or link to this item: http://hdl.handle.net/1993/4225

Title: Risk management behavior of agricultural producers: preferences and perceptions
Authors: Hodgson, Karen
Supervisor: Boyd, Milton (Agribusiness and Agricultural Economics)
Examining Committee: Coyle, Barry T. (Agribusiness and Agricultural Economics) Pai, Jeffrey S. (The Warren Centre, Asper School of Business)
Graduation Date: October 2010
Keywords: Hedging
Risk
Futures
Agriculture
Survey
Probit
Issue Date: 22-Sep-2010
Abstract: The objective of this paper is to examine factors affecting the risk management behavior of Western Canadian grain producers. The first part analyzes factors affecting perceptions of crop insurance. Data for the study is generated from a survey of agricultural producers in Western Canada, and a probit model is used for estimation. Results show that if farmers receive fair crop insurance assessments, quick payments, and have a high knowledge level of crop insurance, they are more likely to have a more positive perception of crop insurance. The second part examines factors that could be influencing the frequency by which agricultural producers hedge their price risk with futures. The same data and estimation method are used. Results show that if farmers use forward contracts and options to hedge price risk, speculate with futures, place a high importance on low brokerage fees, or have larger farms, that are more likely to hedge.
URI: http://hdl.handle.net/1993/4225
Appears in Collection(s):FGS - Electronic Theses & Dissertations (Public)

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