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Sam Daliri, K., Hosseini-Yekani, S., Mojaverian, S. (2018). Factors Affecting the Acceptance of Agricultural Futures Contracts: The Case Study of Rice Farmers in Sari County. , 26(2), 93-117. doi: 10.30490/aead.2018.73552
Kimia Sam Daliri; Seyed-Ali Hosseini-Yekani; Seyed-Mojtaba Mojaverian. "Factors Affecting the Acceptance of Agricultural Futures Contracts: The Case Study of Rice Farmers in Sari County". , 26, 2, 2018, 93-117. doi: 10.30490/aead.2018.73552
Sam Daliri, K., Hosseini-Yekani, S., Mojaverian, S. (2018). 'Factors Affecting the Acceptance of Agricultural Futures Contracts: The Case Study of Rice Farmers in Sari County', , 26(2), pp. 93-117. doi: 10.30490/aead.2018.73552
Sam Daliri, K., Hosseini-Yekani, S., Mojaverian, S. Factors Affecting the Acceptance of Agricultural Futures Contracts: The Case Study of Rice Farmers in Sari County. , 2018; 26(2): 93-117. doi: 10.30490/aead.2018.73552

Factors Affecting the Acceptance of Agricultural Futures Contracts: The Case Study of Rice Farmers in Sari County

اقتصاد کشاورزی و توسعه
Article 5, Volume 26, Issue 2 - Serial Number 102, October 2018, Pages 93-117    PDF (350 K)
Document Type: Original Article
DOI: 10.30490/aead.2018.73552
Authors
Kimia Sam Daliri1; Seyed-Ali Hosseini-Yekani* 2; Seyed-Mojtaba Mojaverian3
1Ph.D. Student of Agricultural Economics, Shiraz University, Shiraz, Iran
2Associate Professors of agricultural economics, Sari University of Agricultural Sciences and Natural Resources
3Associate Professor, Department of Agricultural Economics, Sari Agricultural Sciences and Natural Resources University, Sari, Iran mmojaverian@yahoo.com
Abstract
Considering the farmer’s preferences as the main participants of agricultural futures markets affects the success of tradable contracts in these markets. According to the empirical evidences in Iran, one of the most important producers’ preferences about agricultural markets is their financial needs. In this context, the purpose of this study is determining the importance of the financial needs of farmers in the success or failure of futures contracts. The statistical population of this study is rice farmers of Sari County, which 272 farmers were selected through random sampling method as sample. In order to achieve the main purpose of this study, the effects of two variables of “level of understanding of futures markets” and “financing of farmers” as independent latent variables, along with the numbers of middle dependent latent variables on the “level of acceptance of futures contracts” as the main dependent latent variable was investigated using a Covariance Structure Model framework. Based on the results, farmers financing has a significant and positive effect on the level of acceptance of futures contracts. So, it is necessary that future contracts are designed and localized in such a way that in addition to hedging the price risk of producers, their financial risk is also can be hedged.
Keywords
Futures Contracts; Financing; Agriculture; Covariance Structure Model; Lisrel
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