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Hedging vs Contracting: Managing Risk in the Broiler Industry

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Figure

Figure 2.1: The Broiler Industry
Figure 2.2: Broiler Prices and Market Price Clause
Table 2.3: Mean Expected Utility of Payment per pound: Heterogeneous Growers
Table 2.4: Mean and Variance of Expected Utility of Total Pay Per Flock:Homogeneous Growers
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