Agricultural Finance: From Crops to Land, Water and Infrastructure

Praise for Agricultural Finance

'This is the only real treatment of the subject of agricultural commodities, and a most excellent and complete one. Own two copies of the book, in case you misplace one!'
—Nassim Taleb, former trader and Author of The Black Swan

'An excellent book by an expert on the theory and applications of forwards, Futures and exotics in agricultural finance.'
—Emanuel Derman Author, My Life as a Quant and Models.Behaving.Badly

'Who else but Hélyette Geman could have written the definitive book on agricultural finance? Hélyette has a deep knowledge of the institutional features of these markets and she understands better than anyone else the intricacies of the mathematical models of commodity derivatives. She has produced a wonderfully written and fully enjoyable book that is a must for both practitioners and academics in this field.'
—Eduardo Schwartz, UCLA Anderson School of Management Author of the founding models for Options on Crude Oil /Energy and Real Options

'Internationally-renowned mathematical finance innovator, Hélyette Geman, is to be commended for generously providing commodity participants with a much-needed reference book on agricultural finance. This new volume includes both the analytical underpinnings of various agricultural finance advances as well as the key factors that drive the diverse constituents of the agricultural marketplace. This book comes at an opportune time, as one notes the damaging impact of recent food price volatility, especially in developing countries.'
—Hilary Till, Principal, Premia Capital Management, LLC; Co-Editor, Intelligent Commodity Investing

'This is a timely book, urgently needed due to the recent heightened interest and increasing investment in agricultural commodities. Written by a renowned expert in finance and commodities, the book will unquestionably become standard reading for everyone who wants to understand the structure, unique characteristics and very special risk management tools employed in agricultural markets.'
—Alexander Eydeland, Ph.D. Managing Director, Commodities, Morgan Stanley

'A commanding intellect in the fields of commodities and mathematics, Hélyette Geman presents the evolutionary path of agriculture from past millennia to present day. Her volume provides a clear portrait of how the intersecting trends of globalization, demographic change, and advancements in finance and trade are transforming supply the chain dynamics and risk management possibilities. Policy makers concerned with food security should welcome this book as a fundamental guide to understanding 21st Century agricultural markets.'
—Ann Berg, Former Director of the Chicago Board of Trade and Senior Advisor to UN-FAO