OPTIMAL MARKETING STRATEGIES FOR ARIZONA COTTON PRODUCERS, 1975-1985
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PublisherThe University of Arizona.
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AbstractThis study concerns the analysis of marketing strategies for Arizona cotton producers. Cash sale, forward contracting, futures contracting, and cooperative marketing strategies were evaluated for the years 1975 through 1985. Unique to this study was the use of variable cotton quality to calculate revenues for Arizona growers. Stochastic dominance and mean-variance analysis were the tools used to analyze the data. The results indicate that: (1) stochastic dominance was successful in reducing the efficient set found with mean-variance analysis; (2) given the model assumptions, forward contracting early in the production year was the dominant strategy for the grower defined by the model as risk averse; and (3) the results of the analysis were not significantly different when only strict low middling was used.
Degree ProgramGraduate College