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Ethanol

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Insuring Uncertainty In Value-Added Agriculture: Ethanol Production, Nicholas D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes Apr 2004

Insuring Uncertainty In Value-Added Agriculture: Ethanol Production, Nicholas D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes

CARD Working Papers

A wide variety of insurance products is available to agricultural producers to insure against yield or price risks in the markets for the raw commodities they produce. Value-added enterprises, such as ethanol production, have been expanding over the last decade. This paper outlines the development of an insurance product aimed at corn producers who are members of an ethanol production cooperative. The product has the potential to provide these producers with a new and useful risk management tool to insure against price risks in the markets for corn, distillers dried grains with solubles (DDGS), ethanol, and natural gas. Monte Carlo ...