This research quantifies the risk reduction and price received when agricultural producers adopt new generation grain contracts (NGGCs) to hedge corn and soybean production. We explore the Accumulator, Average Price, Price Plus, Minimum Price, and Price Protection contracts and compare the performance measures of the average bushel price that would be received by the producer, the change in daily value of the portfolio and the Sharpe ratio. Specific to the Accumulator contract, we quantify the bushels accumulated during the contract period. We find that the Price Plus contracts performed best overall during the 2008–2017 period, obtaining the highest bushel price and the highest average Sharpe ratio for both corn and soybeans. Consequently, based on the average daily portfolio Sharpe ratio, the Price Plus contracts offered corn and soybean producers the best risk-adjusted return to hedge production during 2008–2017.

这项研究量化了当农业生产者采用新一代谷物合同（NGGC）对冲玉米和大豆生产时降低的风险和所获得的价格。我们探索累加器，平均价格，附加价格，最低价格和价格保护合同，并比较生产者将收到的平均蒲式耳价格的绩效指标，投资组合每日价值的变化和夏普比率。针对累加器合同，我们对在合同期间累积的蒲式耳进行量化。我们发现，Price Plus合约在2008–2017年期间总体表现最好，玉米和大豆的蒲式耳价格最高，夏普平均平均比率最高。因此，根据平均每日投资组合夏普比率，