Show simple item record Love, Bruce I. en_US 2009-12-03T21:14:42Z 2009-12-03T21:14:42Z 1993-08-01-01:09T00:00:00Z en_US
dc.identifier ocm00033457 en_US
dc.description.abstract This study examines commodity futures and put options as an alternative to past agricultural policies for stabilizing gross revenues in the Western Canadian grain sector, from 1971 to 1990. The major past agricultural policies are identified and their ability to provide gross revenue stabilization is examined. Results show that past traditional policies did not stabilize revenues. Next, past agricultural policies are compared with the returns from selling futures and buying put options, along with crop insurance, over alternative time periods during the growing season. Results show that futures and put options combined with crop insurance could have provided higher levels of revenue stabilization for the aggregate grain sector than past agricultural policies. For the individual farmer using futures and put options, rather than the aggregate case above, revenue risk would have been less than that of past agricultural policies. The use of futures is also examined as a risk management tool for the Canadian Wheat Board (CWB) and the farmers it represents. Results show losses were reduced without increasing overall revenue risk when futures were used under joint price and quantity risk. Overall, the results of this study showed that futures and put options may have provided a viable market alternative to past agricultural policies for stabilizing gross grain revenues in the Western Canadian grain sector. en_US
dc.format.extent ix, 144 leaves : en_US
dc.format.extent 6798568 bytes
dc.format.mimetype application/pdf
dc.language en_US
dc.language.iso en_US
dc.rights The reproduction of this thesis has been made available by authority of the copyright owner solely for the purpose of private study and research, and may only be reproduced and copied as permitted by copyright laws or with express written authorization from the copyright owner. en_US
dc.rights info:eu-repo/semantics/openAccess
dc.title Commodity futures and options for grain revenue stabilization in Western Canada en_US
dc.type info:eu-repo/semantics/masterThesis Agricultural Economics and Farm Management en_US Master of Science (M.Sc.) en_US

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