COULD FUTURES MARKETS HELP GROWERS BETTER MANAGE COFFEE PRICE RISKS IN COSTA RICA?
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Costa Rican coffee farmers are almost fully exposed to world price variability.
Yet, despite small farm sizes, specialization in coffee, and a marketing system that
prolongs uncertainty and aggravates cash flow problems, this study finds that most
farmers still manage their price risks surprisingly well. Farmers are able to forecast prices
with comparable accuracy to the New York futures market. They have a favorable
seasonal cash flow, ready access to credit, and are willing and able to bear risk. Within
this context, the potential gains from using the New York futures market to provide
forward price contracts at harvest are found to be modest.