Financial models for agricultural risk management in Western Australia

Zhibo Guo

Research output: ThesisDoctoral Thesis

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Abstract

Western Australian crop farmers have to manage high price and yield risks with a limited set of risk management tools. This
thesis analyses methods of risk management through four papers. The first considers the choice of wheat price futures
contracts. The second measures price risk using VaR. The third compares alternative wheat yield distributions. The final
paper combines findings on price and yield risk to determine revenue risk. The thesis concludes that the lack of specific futures
contracts for WA wheat means that risk management is only partial and requires adaptation of hedging positions during the
growing season.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Thesis sponsors
Award date25 Aug 2017
DOIs
Publication statusUnpublished - 2017

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