Reflecting on the agricultural future options markets as the stable road through the often times volatile world economy, this important guide provides a basic but functional treatment of futures/options in price risk management for agricultural commodities, fully supporting material with actual data analyses to demonstrate and illustrate concepts. Offers an integrated treatment of fundamental and technical analyses of the markets, and provides extensive treatment of fundamental demand/supply analysis with data-rich examples and illustrations. Presents full coverage of technical analysis, using actual charts and prices to demonstrate concepts, and discusses the bar chart as guides to management decisions. Emphasizes interest rate, stock index, and currency futures as important to the agribusiness and multinational firm, providing a detailed study of these dimensions and sources of risk. Now updates all data-driven illustrations and examples and offers extended content, coverage, and sophistication to treatment on options.

Agricultural Futures and Options: Principles and Strategies

Business & Money

Wayne D. Purcell

Economics

MacMillan Publishing Company

This book is written for the current and aspiring American farmer. The concept of marketing can be big and complex. However, the way Dr. Wayne Purcell, nationally known authority on agricultural commodities, has written his book is simple and direct. The farmer is the first link in the chain of events that becomes a marketing system. The final link is the consumer. An individual farmer has tremendous potential to improve his or her position by becoming better in marketing (more so than by still further improvements in production). This book is dedicated toward providing the basics and the applications that the individual will need. The focus here is on the marketing decisions of the farm producer: what does it take for that producer to make effective marketing decisions?; how important is it?; is this the way farmers can differentiate themselves from neighbors and make a decent income when others are struggling?; and how much potential is there if the farmer as a decision-maker starts to get as good in making wise marketing decisions as in making smart production decisions? As we become more nearly a global market, it is going to be increasingly important that the individual farmer, and farmers in general, become better marketers than they have ever been before. The potential is huge. The opportunities are before us. The need is to recognize that potential and those opportunities and go after them. This book is dedicated to helping you get there.

Marketing Agricultural Commodities (Farm Business Management (Textbooks))

Science & Math

Biological Sciences

Deere Company

Now for the first time, raising livestock is examined not just from the production side, but from the management side. This books strong point is its integration of the major aspects of livestock management under one cover: production, finance, economics, and marketing in one clear and thorough book. Agriculture is the foundation upon which society survives, because it satisfies peoples needs for food, clothing, and shelter. Agriculture touches upon many subjects, including crop and animal production, economics, farm management and international trade. The American agricultural system has been the crowning success and envy of the world. At the same time, U.S. farmers are faced with shrinking markets, greater global competition, and a host of other economic factors over which they have no control. Marketing, risk management, cost reduction, and finance are becoming dominant factors in successful agribusinesses. Within the American agricultural system livestock production is significant in terms of consumer demand and economic activity. However, livestock producers no longer can afford to focus only on production. Producers who manage livestock operations must also be concerned with credit, finance, economics, and marketing. This book addresses the beef, hog, and sheep components of the livestock industry. Not only are production methods described, but also processing and distribution, marketing, risk management, and cost reduction issues are examined. These issues introduce the pricing mechanism and the affect on profits of many diverse factors. Our goal is to help you succeed in a highly competitive, highly volatile marketplace.

Managing Livestock Production (Farm Business Management (Textbooks))

Mark Wahlberg

Kimberly Reda-Wilson

Robert O. Burton

Managing Price Risk in Ag Commodity Markets is the definitive guide to risk management in todays volatile agricultural markets. As we move toward the end of the decade and prepare for the 21st century, American farmers face a most uncertain marketplace. Unprecedented changes in farm policy and New World trade agreements are two of the more important reasons why change is assured. It will take a different set of management skills to be profitable in the new marketplace. If it was ever enough to be just an excellent producer, that time is past. The big challenge facing farmers now and in the future is to respond to and manage the risk associated with highly volatile prices. We can help you prepare for that challenge. This book will help farmers like you develop the ability to cope in an uncertain marketplace. It looks at marketing skills and savvy, and develops management strategies that can be used to ensure and protect profitability. Managing Price Risk in Ag Commodity Markets starts with a look at some of the major forces that are changing the marketplace. Then it demonstrates what price risk is and deals with why it is important to you, to the agribusiness firms from whom you buy inputs mean, and to the processors to whom you sell your commodities. Two broad considerations are kept to the how and why of the changing world marketplace. They are responsible for the increased price volatility and risk to American farmers. The first consideration is the 1996 Farm Bill, which changed farm policy in a dramatic way. The second goes back several years and deals with two very important trade agreements: the North American Free Trade Agreement (NAFTA) and the General Agreement of Tariffs and Trade (GATT). These two important trade accords expose the American farmer to any and all of the forces that can bring uncertainty to commodity supplies and price variability around the world. The marketplace has indeed changed!

Managing Price Risk in Agricultural Commodity Markets (Farm Business Management (Textbooks))

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Books by Wayne D. Purcell