Uma Análise Da Gestão De Risco De Preço Por Parte Dos Produtores De Café Arábica No Brasil

dc.creatorDa Silveira R.L.F.
dc.creatorCruz Junior J.C.
dc.creatorSaes M.S.M.
dc.date2012
dc.date2015-06-26T20:29:04Z
dc.date2015-11-26T14:25:30Z
dc.date2015-06-26T20:29:04Z
dc.date2015-11-26T14:25:30Z
dc.date.accessioned2018-03-28T21:28:02Z
dc.date.available2018-03-28T21:28:02Z
dc.identifier
dc.identifierRevista De Economia E Sociologia Rural. , v. 50, n. 3, p. 397 - 410, 2012.
dc.identifier1032003
dc.identifier10.1590/S0103-20032012000300001
dc.identifierhttp://www.scopus.com/inward/record.url?eid=2-s2.0-84867631782&partnerID=40&md5=f3e44c4111b23b8c7e0a5dda3423fcb5
dc.identifierhttp://www.repositorio.unicamp.br/handle/REPOSIP/96878
dc.identifierhttp://repositorio.unicamp.br/jspui/handle/REPOSIP/96878
dc.identifier2-s2.0-84867631782
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/1245745
dc.descriptionBrazilian coffee farmers use future markets in a very restricted way, which does not follow the high optimal hedge ratio observed in minimum variance models. Reasons for the low use are associated to producers and their business characteristics, their preferences about risk management tool and behavioral attitudes. In this context, the aim of this study was to examine the main factors which influence derivatives use among Brazilian coffee growers. Initially, the optimal hedge ratio was calculated with Myers and Thompson (1989) method, considering BM&FBOVESPA and ICE Futures (New York) markets. The ratio had values higher than 50%. After that, through surveys with 373 coffee farmers, it was observed that only 12.9% of the sample reported knowing and using futures as a way to manage the price risk. The hedge ratio adopted by farmers, on average, was below 50%. In a third step, a logit model was applied for data. Most important factors which explain the use of future contracts by coffee growers were risk aversion, size of production, level of understanding about future contracts and the level which farmers understand that future contracts enable the decrease of revenue fluctuation.
dc.description50
dc.description3
dc.description397
dc.description410
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dc.languagept
dc.publisher
dc.relationRevista de Economia e Sociologia Rural
dc.rightsaberto
dc.sourceScopus
dc.titleUma Análise Da Gestão De Risco De Preço Por Parte Dos Produtores De Café Arábica No Brasil
dc.typeArtículos de revistas


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