Agricultural Finance: From Crops to Land, Water and Infrastructure

Cover
John Wiley & Sons, 29.12.2014 - 288 Seiten
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.

 

Inhalt

Physical and Financial Agricultural Markets
1
Agricultural Commodity Spot Markets
25
Futures Exchanges Future and Forward Prices Theory
39
BachelierBlackScholes Formula the Merton Formula the Black Formula
59
Commodity Swaps Swaptions Accumulators ForwardStart
89
Exchange Spread and Quanto Options in Commodity Markets
103
Corn Wheat Soybean Rice and Sorghum
113
Sugar Cocoa Coffee and Tea
133
Orange Juice Livestock Dairy and Fishery
165
Rubber Palm Oil and Biofuels
177
Land Water and Fertilizers
187
Infrastructure and Farming Management in the Digital Age
217
Investing in Agricultural Commodities Land and Physical Assets
233
Glossary
248
Index
257
Urheberrecht

Cotton Timber and Wood Pulp and Paper Wool
153

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Autoren-Profil (2014)

HÉLYETTE GEMAN is Director of the Commodity Finance Centre at Birkbeck, University of London and Research Professor at Johns Hopkins University. She is a graduate of Ecole Normale Supérieure in Mathematics, holds a Masters degree in Theoretical Physics and a PhD in Probability from the University Pierre et Marie Curie; and a PhD in Finance from the University Paris Sorbonne.

Professor Geman has published more than 130 papers in top international finance, insurance and energy economics Journals, became in 1993 a Member of Honour of the French Society of Actuaries for her work on Catastrophic risk; received in 1994 the first Prize of the Merrill Lynch awards for her research on Asian and complex options; was named in 2004 in the Hall of Fame of Energy Risk. She has been a scientific advisor to major financial institutions, energy and mining companies and commodity houses for the last 21 years, covering the spectrum of interest rates, crude oil and natural gas, metals and agricultural, including water, fertilizers and land.

Her book Insurance and Weather Derivatives was published in 1999 by RISK Publications; her book entitled Commodities and Commodity Derivatives: Energy, Metals and Agriculturals published by Wiley Finance in 2005 has become the reference in industry and Master programmes worldwide.

Prof Geman counts among her PhD students Nassim Taleb. She is presently on the Board of a green energy company and an active participant in a ‘precision farming’ project involving 12,500 farmers in East Africa.

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