Hedging Cash Flows from Commodity Processing

Preprint OPEN
Dahlgran, Roger A.;
  • Subject: Agribusiness, Marketing,

Agribusinesses make long-term plant-investment decisions based on discounted cash flow. It is therefore incongruous for an agribusiness firm to use cash flow as a plant-investment criterion and then to completely discard cash flow in favor of batch profits as an operati... View more
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