The Seen and the Unseen - hosted by Amit Varma cover image

Ep 211: The Tragedy of Our Farm Bills

The Seen and the Unseen - hosted by Amit Varma

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How Futures Markets Help the Practical Farmer on the Ground

Kiei Bananaha, Ithana in West Karnaha is a farmer who uses futures markets to make his decisions about what to sow for the next season. He says it's an important element of any healthy agricultural system and that farmers look at future prices rather than today's spot price when they decide whether or not to sow something. Kiei: Futures markets are exactly the same as doing a transaction except so we lock in on the price and quantity but the actual transaction will be consummated six months from now Six months from now you'll give me the money and I'll give you the cotton okay.

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