Could futures markets help growers better manage coffee price risks in Costa Rica?
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...
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2000
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| Acceso en línea: | https://hdl.handle.net/10568/155706 |
| _version_ | 1855539125262745600 |
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| author | Hazell, Peter B. R. |
| author_browse | Hazell, Peter B. R. |
| author_facet | Hazell, Peter B. R. |
| author_sort | Hazell, Peter B. R. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Artículo preliminar |
| id | CGSpace155706 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2000 |
| publishDateRange | 2000 |
| publishDateSort | 2000 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1557062025-11-06T07:21:46Z Could futures markets help growers better manage coffee price risks in Costa Rica? Hazell, Peter B. R. coffee prices commodity markets 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. 2000 2024-10-24T12:42:27Z 2024-10-24T12:42:27Z Working Paper https://hdl.handle.net/10568/155706 en Open Access application/pdf International Food Policy Research Institute Hazell, Peter B. R. 2000. Could futures markets help growers better manage coffee price risks in Costa Rica? EPTD Discussion Paper 57. https://hdl.handle.net/10568/155706 |
| spellingShingle | coffee prices commodity markets Hazell, Peter B. R. Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title | Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title_full | Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title_fullStr | Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title_full_unstemmed | Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title_short | Could futures markets help growers better manage coffee price risks in Costa Rica? |
| title_sort | could futures markets help growers better manage coffee price risks in costa rica |
| topic | coffee prices commodity markets |
| url | https://hdl.handle.net/10568/155706 |
| work_keys_str_mv | AT hazellpeterbr couldfuturesmarketshelpgrowersbettermanagecoffeepricerisksincostarica |