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Optimal Grain Marketing Strategies for a Southeast Indiana Case Farm

Author

Listed:
  • Lenfestey, Gloria
  • Langemeier, Michael
  • Mintert, James
  • Thompson, Nathan
Abstract
This paper examined optimal grain marketing strategies for a southeast Indiana case farm. Specifically, a downside risk model was used to examine the tradeoffs between net return and downside risk, and to determine whether the optimal marketing strategy changed as downside risk was reduced. The hedge and roll marketing strategy had the highest net return for both corn and soybeans. Even when downside risk was reduced, the hedge and roll strategy was an important component of optimal marketing strategies. Results stress the importance of using a portfolio of marketing strategies for corn and soybeans.

Suggested Citation

  • Lenfestey, Gloria & Langemeier, Michael & Mintert, James & Thompson, Nathan, 2024. "Optimal Grain Marketing Strategies for a Southeast Indiana Case Farm," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.
    • Handle: RePEc:ags:jasfmr:342909
    DOI: 10.22004/ag.econ.342909
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    File URL: https://ageconsearch.umn.edu/record/342909/files/Optimal_Grain_Marketing.pdf
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    File URL: https://libkey.io/10.22004/ag.econ.342909?utm_source=ideas
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    References listed on IDEAS

    as
    1. Bingfan Ke & H. Holly Wang, 2002. "An assessment of risk management strategies for grain growers in the Pacific Northwest," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 62(2), pages 117-133, November.
    2. Edwards, Aaron J. & Thompson, Nathanael M. & Mintert, James R. & Hurt, Christopher A. & Baker, Timothy G., 2020. "Indiana Corn and Soybean Returns to Storage," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2020.
    3. James G. Pritchett & George F. Patrick & Kurt J. Collins & Ana Rios, 2004. "Risk management strategy evaluation for corn and soybean producers," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 64(1), pages 45-60, May.
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      Keywords

      Marketing;

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