Does Price Volatility Benefit Farmers?

摘要

Ask a farmer if he or she likes high prices and you'll probably get a positive answer. When volatility correlates with high prices, volatility is good. Futures exchanges point to the fact that active trading and volatile prices are normally associatedwith higher prices of grain futures contracts. A big unknown is how much of the higher futures price trickles down to farms. I suspect very little makes it to farmers' hands.