Wool price risk management
Issued by
The Woolmark Company
Earners of the Wool Price Risk Management badge will have a foundational knowledge of risk, risk management strategies and hedging principles.
- Type Validation
- Level Advanced
- Time Hours
Skills
- Hedging principles
- Risk Management
Earning Criteria
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Identify examples of Australian agricultural innovation, both pre- and post-European settlement
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Explain the importance of price risk management and understand the benefits of a well-functioning wool futures market
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Outline the different types of risk associated with the wool pipeline
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Describe the variety of risk management products and participants involved in the wool industry
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Explain the concept of hedging principles relative to the wool industry
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Describe how risk management strategies are developed and analysed to benefit the woolgrower.