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The role of expected protein levels in determining the impact of protein premiums and discounts: a note

Author

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  • Petersen, Elizabeth H.
  • Fraser, Rob W.

Abstract

Fraser (1997) considered the impact of protein premiums and discounts on a grower’s income stream and willingness‐to‐pay for a forward contract where the protein premium and discount system is centred on a grower’s existing expected protein level. This article extends these results to consider the impact of a protein premium and discount system which is not centred on a grower’s existing expected protein level. The article suggests that the grower’s existing expected protein level plays a crucial role in determining the impact of the system.

Suggested Citation

  • Petersen, Elizabeth H. & Fraser, Rob W., 2000. "The role of expected protein levels in determining the impact of protein premiums and discounts: a note," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(2), pages 1-10.
    • Handle: RePEc:ags:aareaj:117839
    DOI: 10.22004/ag.econ.117839
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    References listed on IDEAS

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    1. Bardsley, Peter & Harris, Michael, 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(2), pages 1-15, August.
    2. Fraser, Rob W., 1997. "Seasonal variability, land values and willingness-to-pay for a forward wheat contract with protein premiums and discounts," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(2), pages 1-17.
    3. Rulon D. Pope & Richard E. Just, 1991. "On Testing the Structure of Risk Preferences in Agricultural Supply Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 743-748.
    4. Robinson, Stephen D., 1995. "Selecting wheat varieties in a stochastic environment," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 171091, Australian Agricultural and Resource Economics Society.
    5. Anderson, Jock R. & Dillon, John L. & Hazell, Peter B.R. & Cowie, A.J. & Wan, G.H., 1988. "Changing Variability in Cereal Production in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-17, December.
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    Cited by:

    1. Petersen, Elizabeth H. & Fraser, Rob W., 2000. "Grower perceptions of the impact of protein premiums and discounts for wheat," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123725, Australian Agricultural and Resource Economics Society.

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