Recognizing Risk in Global Agriculture: A Summary of the 2011 Agricultural Symposium
综述了2011年美联储堪萨斯城农业研讨会，探讨全球农业在利润高涨后面临的市场风险、价格波动及如何借鉴历史周期避免重蹈覆辙，适合关注农业经济与风险管理的读者。
Historically, record profits in the agriculture industry have been fleeting - farm booms have been followed by busts. Recent profitability suggests agriculture has entered a new \\"golden era.\\" Still the glint of banner profits could turn out to be fool's gold amid soaring market risks and volatile commodity prices. ; Henderson reports on the Federal Reserve Bank of Kansas City's agriculture symposium- \\"Recognizing Risk in Global Agriculture\\"-July 19 and 20, 2011, in Kansas City. About 200 agricultural finance and business leaders examined the threats to agriculture's ability to maintain its recent profitability. ; Participants discussed risks agriculture faces in regard to food and fuel, the industry's ability to weather unexpected downturns in profits, and how to manage risk in a volatile environment. Despite elevated risks, participants were cautiously optimistic the industry can avoid a repeat of its history by applying what has been learned from past cycles of boom and bust.