供给侧改革下玉米期权定价策略研究

Pricing Strategy of Corn Option Based on Supply Side Reform

我国农产品供给总量基本平衡,结构性矛盾日益突出,有效供给量不足导致需求外溢,消费能力外流。为解决农业发展过程中的结构性问题,必须推进农业供给侧改革,尤其是促进农产品价格机制的形成。玉米在其定价过程中引入期权契约,利用二叉树期权定价模型对玉米期权进行估值,在此基础上构建关于农户和玉米贸易商的期望利润最大化条件下的农产品定价模型,为期权契约的制定者和持有者做出决策建议,实现农户和贸易商的双赢,提高玉米的供给质量和效率,增强我国农业经济持续增加的动力,推动我国实体经济的整体跃升。

The total supply of agricultural products is basic balance in China, at the same time, increasingly prominent structural contradictions, for example, lack of effective supply, consumption ability drain. In order to solve the structural problems in the process of agricultural development, it is necessary to promote the reform of agricultural supply side, especially is to facilitate the formation of agricultural product price mechanism. With corn as an example, this article introduced option contracts into the process of corn＇ s pricing, using binomial option pricing model for valuing corn option, on this basis to build on farmers and corn traders expected profit maximization under the condition of agricultural pricing model, for the option contract decision makers and holders suggestion, in order to realize the win-win situation of farmers and traders. To further improve the quality and efficiency of the supply of corn, enhance agricultural economy continues to increase the power, the whole of China＇s real economy jumped.