The main reason for hedging is A. to make more profit. B. to insure against a production loss. C. to reduce the price risk associated with producing or storing a cash commodity. D. to take an opposite position from the speculator. E. None of the above 72.
Cooperatives pay patronage refunds according to A. one man, one vote.
B. size of farm. C. amount of business done by patron. D. total assets. E. All of the above Farmer Douglas will buy 600 pound steers in late October. However, there is normally seasonal variation in fed cattle prices.