Authors : Udo Broll and 2Kit Pong Wong
Abstract: This paper examines the optimal production and hedgeable decisions of a risk- averse farmers facing both hedgeable price risk and non-hedgeable income risk. While the separation property holds in this context, the full-hedging property does not. The correlation between the non-hedgeable income risk and the hedgeable price risk is pivotal JEL: F21
Udo Broll and 2Kit Pong Wong , 2003. Farmer`s Income from Production and Financial Assets . Pakistan Journal of Social Sciences, 1: 148-149.