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March 18, 2026Agricultural Finance Review

The use of price risk management tools by cattle producers

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Authors

SBSourav BaruaGreen University of BangladeshCBChristopher N. BoyerNorth Carolina State UniversityKDKaren L. DeLongUniversity of Tennessee at Knoxville

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Overview

Survey reveals low use of price risk management tools among cattle producers, highlighting key influencing factors.

Key Points

  • This research aims to identify factors that influence the use of price risk management tools among US cattle producers.
  • Conducted a survey of US cattle producers regarding their use of LRP insurance, futures contracts, and options.
  • Estimated a multivariate probit model to analyze factors affecting the use of price risk management tools.
  • Found that most producers have not used price risk management tools, with LRP being the most used at 12.5%.
  • Only 6% have utilized futures contracts and 5.5% have used options contracts.
  • Identified that producer age, herd size, risk preferences, and perceived effectiveness influenced the use of these tools.

Cite This Study

Barua et al. (2026) studied this question.

synapsesocial.com/papers/69ba42bc4e9516ffd37a3381https://doi.org/10.1108/afr-11-2024-0179
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