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Could futures markets help growers better manage coffee price risks in Costa Rica?:

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  • Hazell, P. B. R.

Abstract

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.

Suggested Citation

  • Hazell, P. B. R., 2000. "Could futures markets help growers better manage coffee price risks in Costa Rica?:," EPTD discussion papers 57, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:eptddp:57
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    File URL: http://www.ifpri.org/sites/default/files/publications/eptdp57.pdf
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    Cited by:

    1. Ghoshray, Atanu, 2021. "Are coffee farmers worse off in the long run?," 95th Annual Conference, March 29-30, 2021, Warwick, UK (Hybrid) 311084, Agricultural Economics Society - AES.
    2. Ronchi, Loraine, 2006. "Fairtrade and market failures in agricultural commodity markets," Policy Research Working Paper Series 4011, The World Bank.
    3. Bosselmann, Aske Skovmand, 6. "Using payments for environmental services to secure environmental services and livelihoods in coffee agroforests – A project portrayal," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 42, April.
    4. Evie Smith & Lisa Antoshak & Patrick H. Brown, 2022. "Grounds for Collaboration: A Model for Improving Coffee Sustainability Initiatives," Sustainability, MDPI, vol. 14(11), pages 1-22, May.
    5. Meike Wollni & Manfred Zeller, 2007. "Do farmers benefit from participating in specialty markets and cooperatives? The case of coffee marketing in Costa Rica1," Agricultural Economics, International Association of Agricultural Economists, vol. 37(2‐3), pages 243-248, September.

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