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  4. MANAGING MILK MARKET RISK USING THE DAIRY REVENUE PROTECTION PROGRAM

MANAGING MILK MARKET RISK USING THE DAIRY REVENUE PROTECTION PROGRAM

File(s)
Ma_cornell_0058O_12393.pdf (673.94 KB)
Permanent Link(s)
https://doi.org/10.7298/3psc-n408
https://hdl.handle.net/1813/117456
Collections
Cornell Theses and Dissertations
Author
Ma, Yike
Abstract

Dairy-RP provides revenue guarantees based on futures prices for Class III and Class IV milk and regional milk yield data. By analyzing futures and cash milk prices across major dairy-producing states from 2012 to 2024, this study estimates the likelihood of indemnity triggering, hedge ratios, hedge effectiveness, and the semi-variance hedge ratio under various market conditions.

Description
51 pages
Date Issued
2025-05
Keywords
Dairy-RP
•
Hedge ratio
•
Risk management
Committee Chair
Wolf, Christopher
Committee Member
Turvey, Calum
Degree Discipline
Applied Economics and Management
Degree Name
M.S., Applied Economics and Management
Degree Level
Master of Science
Type
dissertation or thesis
Link(s) to Catalog Record
https://newcatalog.library.cornell.edu/catalog/16938248

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