Agricultural Finance

Agriculture is the most important asset class both for the world population and as an investment vehicle for pension funds and other financial institutions, and yet it receives little serious attention. Agricultural Finance is a comprehensive resource on the topic, addressing all relevant factors from both conceptual and technical perspectives. This book also introduces the major agricultural commodities and provides essential background information on their pricing cycles, risk factors, markets, trade routes, and outlooks.The global population is projected to reach 9 billion before 2050, and food is a pressing economic, social, political, and moral issue. You will learn in Agricultural Finance what this unprecedented situation means for commodity exchanges, agribusiness equities, and a whole range of derivatives and complex instruments, including: Successful calendar spread and Futures-based strategies Swaptions and accumulators Crush spreads and quanto options Commodity-specific issues in corn, soybeans, coffee, sugar, cotton, and fertilizers Infrastructure development and digital farming around the world Real options contained in the ownership of physical assets in agricultureDeregulation of electricity and natural gas markets created an explosion of new products in the 2000s; world food needs are bringing to this decade innovative agriculture-related instruments and strategies in the management of physical assets and infrastructure.Written by one of the world's top derivatives experts, Agricultural Finance accounts for every eventuality. You'll learn how weather patterns, country risk, government price subsidies, new players in land acquisition, and a frenzy of mergers and acquisitions can be worked into portfolio construction and quantitative pricing models. In the volatile world of agricultural commodities where weather risk is the dominant factor, investors who proceed with a solid foundation of knowledge will be the ones who will master this fascinating subject. Agricultural Finance will help you understand a space where demand can be made predictable and supply remains the key source of price uncertainty.

Pagina's: 290, Editie: Eerste editie, Hardcover, Wiley