Farm Table says:
This article looks into the legacy of the disastrous experience with forward contracts in 2007.
As a result, the majority of Australia’s wheat producers preferred to risk manage their crop post-harvest, said Andrew Weidemann, chairman of Grain Producers Australia (GPA).
“Farmers prefer post-harvest marketing to either straight forward physical contracts or derivatives, which in general they don’t feel comfortable using.” This meant missed higher lock in values earlier in the year.
