Book description
A comprehensive resource for understanding the complexities of agricultural finance
Agricultural Finance: From Crops to Land, Water, and Infrastructure is a pioneering book that offers a comprehensive resource for understanding the worldwide agriculture markets, from spikes in agricultural commodity prices to trading strategies, and the agribusiness industry generally to the challenges of feeding the planet in particular. The book also goes in-depth on the topics of land, water, fertilizers, biofuels, and ethanol. Written by Helyette Geman—an industry expert in commodity derivatives—this book explores the agricultural marketplace and the cycles in agricultural commodity prices that can be the key to investor success.
This resource addresses a wide range of other important topics as well, including agricultural insurance, energy, shipping and bunker prices, sustainability, investments in land, subsidies, agricultural derivatives, and farming risk-management. Other topics covered include structured products and agricultural commodities ETFs; trade finance in an era of credit shortage; securitization and commodity-linked notes; grains: wheat, corn, soybeans; softs: coffee, cocoa, cotton; shipping as a key component of agricultural trade; and the major agricultural shipping routes and the costs. The book:
Offers the first comprehensive resource that deals with the all aspects of agricultural finance
Includes information that is crucial for pension funds, asset managers, hedge funds, agribusiness corporates, CTAs and regulators
Covers a range of topics from agricultural bunker prices, futures, options to major shipping routes and the costs
This text is a must-have resource for accessing the information required to trade successfully in the agricultural marketplace.
Table of contents
- Title Page
- Copyright
- Dedication
- Acknowledgments
- About the Author
- Preamble
- Chapter 1: Physical and Financial Agricultural Markets
- Chapter 2: Agricultural Commodity Spot Markets
- Chapter 3: Futures Exchanges – Future and Forward Prices – Theory of Storage – The Forward Curve
-
Chapter 4: Plain Vanilla Options on Commodity Spot and Forward Prices. The Bachelier–Black–Scholes Formula, the Merton Formula, the Black Formula
- 4.1 Introduction
- 4.2 Classical Strategies involving European Calls and Puts
- 4.3 Put–Call Parity for a Non-dividend Paying Stock
- 4.4 Valuation of European Calls: the Bachelier–Black–Scholes Formula and the Greeks
- 4.5 The Merton (1973) Formula for Dividend-paying Stocks
- 4.6 Options on Commodity Spot Prices
- 4.7 Options on Commodity Futures: the Black (1976) Formula
- 4.8 Monte-Carlo Simulations for Option Pricing
- 4.9 Implied Volatility, Smile, and Skew in Equity Option Markets
- 4.10 Volatility Smile in Agricultural Commodity Markets
- Chapter 5: Commodity Swaps, Swaptions, Accumulators, Forward-Start, and Asian Options
- Chapter 6: Exchange, Spread, and Quanto Options in Commodity Markets
- Chapter 7: Grain Cereals: Corn, Wheat, Soybean, Rice, and Sorghum
- Chapter 8: Sugar, Cocoa, Coffee, and Tea
- Chapter 9: Cotton, Timber and Wood, Pulp and Paper, Wool
- Chapter 10: Orange Juice, Livestock, Dairy, and Fishery
- Chapter 11: Rubber, Palm Oil, and Biofuels
- Chapter 12: Land, Water, and Fertilizers
- Chapter 13: Infrastructure and Farming Management in the Digital Age
- Chapter 14: Investing in Agricultural Commodities, Land, and Physical Assets
- Glossary
- References
- Index
- End User License Agreement
Product information
- Title: Agricultural Finance: From Crops to Land, Water and Infrastructure
- Author(s):
- Release date: February 2015
- Publisher(s): Wiley
- ISBN: 9781118827383
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