This paper analyzes risk and returns associated with pre-harvest corn grain marketing strategies for the state of Arkansas. Farming is characterized by a volatile environment. Numerous risks are taken by producers in order to provide commodities that are bought and sold by various parties in the supply chain. Price, yield, and production costs vary daily and can have large variation between years. Risk and Return Comparisons of Pre-harvest Marketing Strategies examines the effectiveness of using pre-harvest marketing strategies to enhance returns and to mitigate inherent price risk in the Memphis cash corn market. Thirteen strategies are compared to the October 1 Memphis, spot price and are examined through multiple parametric and nonparametric statistical tests. To supplement the statistical findings, coefficients of variation for each strategy’s annual average price received, profit per bushel, and profit per acre are compared. The nonparametric results reveal that there are significant differences in some pre-harvest marketing strategies for the state of Arkansas from marketing grain on the cash market at Memphis. The coefficient of variation comparison backs up these findings by revealing that strategies have historically had different risk and return profiles from the 2001-2017 period. World Agricultural Supply and Demand Estimate reports released by the USDA were used to forecast harvest-time Memphis cash price, and strategies based on these report-based forecasts were implemented to test if marketing after the release dates allows for returns greater than at the harvest cash price and with less variation.
","abstract_html":"<p>This paper analyzes risk and returns associated with pre-harvest corn grain marketing strategies for the state of Arkansas. Farming is characterized by a volatile environment. Numerous risks are taken by producers in order to provide commodities that are bought and sold by various parties in the supply chain. Price, yield, and production costs vary daily and can have large variation between years. Risk and Return Comparisons of Pre-harvest Marketing Strategies examines the effectiveness of using pre-harvest marketing strategies to enhance returns and to mitigate inherent price risk in the Memphis cash corn market. Thirteen strategies are compared to the October 1 Memphis, spot price and are examined through multiple parametric and nonparametric statistical tests. To supplement the statistical findings, coefficients of variation for each strategy’s annual average price received, profit per bushel, and profit per acre are compared. The nonparametric results reveal that there are significant differences in some pre-harvest marketing strategies for the state of Arkansas from marketing grain on the cash market at Memphis. The coefficient of variation comparison backs up these findings by revealing that strategies have historically had different risk and return profiles from the 2001-2017 period. World Agricultural Supply and Demand Estimate reports released by the USDA were used to forecast harvest-time Memphis cash price, and strategies based on these report-based forecasts were implemented to test if marketing after the release dates allows for returns greater than at the harvest cash price and with less variation.</p>","abstract_has_math":false,"creators":["Turner, John Leander, V"],"institution":null,"degree_name":"Master of Science in Agricultural Economics (MS)","degree_level":"Thesis","degree_discipline":null,"degree_department":null,"school":null,"contributors":["Buysse, Jeroen","Rainey, Daniel V."],"advisors":["McKenzie, Andrew M."],"committee_chairs":[],"committee_members":[],"year":2018,"date_issued":"2018-12-01T08:00:00Z","date_published":"2018-12-01T08:00:00Z","updated_at":"2026-07-24T00:59:01Z","subjects":["Marketing","pre-harvest","return","risk management","strategy","corn grain","Arkansas","farming","price risk","Agribusiness","Agricultural and Resource Economics","Agricultural Economics","Economic Theory"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://scholarworks.uark.edu/etd/3119","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Buysse, Jeroen","Rainey, Daniel V."]},{"key":"dc:contributor.advisor","label":"Advisor","values":["McKenzie, Andrew M."]},{"key":"dc:creator","label":"Author","values":["Turner, John Leander, V"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2018"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2019-02-08T08:00:00Z"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master of Science in Agricultural Economics (MS)"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Marketing","pre-harvest","return","risk management","strategy","corn grain","Arkansas","farming","price risk","Agribusiness","Agricultural and Resource Economics","Agricultural Economics","Economic Theory"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://scholarworks.uark.edu/etd/3119"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["This paper analyzes risk and returns associated with pre-harvest corn grain marketing strategies for the state of Arkansas. Farming is characterized by a volatile environment. Numerous risks are taken by producers in order to provide commodities that are bought and sold by various parties in the supply chain. Price, yield, and production costs vary daily and can have large variation between years. Risk and Return Comparisons of Pre-harvest Marketing Strategies examines the effectiveness of using pre-harvest marketing strategies to enhance returns and to mitigate inherent price risk in the Memphis cash corn market. Thirteen strategies are compared to the October 1 Memphis, spot price and are examined through multiple parametric and nonparametric statistical tests. To supplement the statistical findings, coefficients of variation for each strategy’s annual average price received, profit per bushel, and profit per acre are compared. The nonparametric results reveal that there are significant differences in some pre-harvest marketing strategies for the state of Arkansas from marketing grain on the cash market at Memphis. The coefficient of variation comparison backs up these findings by revealing that strategies have historically had different risk and return profiles from the 2001-2017 period. World Agricultural Supply and Demand Estimate reports released by the USDA were used to forecast harvest-time Memphis cash price, and strategies based on these report-based forecasts were implemented to test if marketing after the release dates allows for returns greater than at the harvest cash price and with less variation.
"]},{"key":"dc:title","label":"Title","values":["Risk and Return Comparisons of Pre-harvest Marketing Strategies"]}]}],"canonical_facts":{"dc:contributor":["Buysse, Jeroen","Rainey, Daniel V."],"dc:contributor.advisor":["McKenzie, Andrew M."],"dc:creator":["Turner, John Leander, V"],"dc:date":["2018"],"dc:date.available":["2019-02-08T08:00:00Z"],"dc:description.abstract":["This paper analyzes risk and returns associated with pre-harvest corn grain marketing strategies for the state of Arkansas. Farming is characterized by a volatile environment. Numerous risks are taken by producers in order to provide commodities that are bought and sold by various parties in the supply chain. Price, yield, and production costs vary daily and can have large variation between years. Risk and Return Comparisons of Pre-harvest Marketing Strategies examines the effectiveness of using pre-harvest marketing strategies to enhance returns and to mitigate inherent price risk in the Memphis cash corn market. Thirteen strategies are compared to the October 1 Memphis, spot price and are examined through multiple parametric and nonparametric statistical tests. To supplement the statistical findings, coefficients of variation for each strategy’s annual average price received, profit per bushel, and profit per acre are compared. The nonparametric results reveal that there are significant differences in some pre-harvest marketing strategies for the state of Arkansas from marketing grain on the cash market at Memphis. The coefficient of variation comparison backs up these findings by revealing that strategies have historically had different risk and return profiles from the 2001-2017 period. World Agricultural Supply and Demand Estimate reports released by the USDA were used to forecast harvest-time Memphis cash price, and strategies based on these report-based forecasts were implemented to test if marketing after the release dates allows for returns greater than at the harvest cash price and with less variation.
"],"dc:identifier":["https://scholarworks.uark.edu/etd/3119"],"dc:subject":["Marketing","pre-harvest","return","risk management","strategy","corn grain","Arkansas","farming","price risk","Agribusiness","Agricultural and Resource Economics","Agricultural Economics","Economic Theory"],"dc:title":["Risk and Return Comparisons of Pre-harvest Marketing Strategies"],"thesis:degree_level":["Thesis"],"thesis:degree_name":["Master of Science in Agricultural Economics (MS)"]},"updated_at":"2026-07-24T00:59:01Z"}