Do Australian woolgrowers manage price risk rationally?

dc.creator	Deane, Paul
dc.creator	Malcolm, Bill
dc.date	2017-04-01T19:59:22Z
dc.date.accessioned	2026-07-09T06:00:47Z
dc.description	Australian woolgrowers have not adopted price risk management in the last decade. This is despite a concerted effort at various times by participants in the wool industry to encourage growers to use hedging/forward selling. The explanation for the reluctance of woolgrowers to use futures market and forward pricing instruments lies not in market failure but in characteristics of wool producing farm businesses. In particular, the degree of business and financial risk and the interaction between the two helps to explain why woolgrowers do not use futures. In the context of the whole farm system, Australian woolgrowers are behaving as rational managers of wool price risk.
dc.identifier	Other:1449-5937
dc.identifier	doi:10.22004/ag.econ.122518
dc.identifier	https://ageconsearch.umn.edu/record/122518/files/Deane%20_%20Malcolm%203.pdf
dc.identifier	http://ageconsearch.umn.edu/record/122518
dc.identifier.uri	http://hdl.handle.net/123456789/571230
dc.language	eng
dc.publisher
dc.source	http://ageconsearch.umn.edu/record/122518
dc.title	Do Australian woolgrowers manage price risk rationally?
dc.type	Text

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