An Empirical Study Of The Impact Of Agricultural Product Futures Market In China On Agricultural Evelopment

After participating in the WTO, China is agricultural productsmarket is facing more fierce competition and the prices of them arechanging more frequently. M ore and more ente rprises and professi onalpersons have realized the i mportance of hedge in futures market to avoidof prices changing. The risks of prices changing could be prevented byfutures market, caused by unbalance of support and de ma nd. Agric ulturalproducts futures market occupies an important position in China isfutures market. Wit h economy developing, the function of price dis coveryand risk aversion in futures market has become a highlight. Futuresmarket is an indispensable part in the system of modern capital marketand the agricultural market has the same position in futures market. Ourcountry has been establishing the socialist marke t economy with Chinesecharacteristic and the market which plays t he funda mental role inallocating resources. By means of empirical analysis of the agriculturalfutures market, which lasted many years in ma rket economy, we havefound tha t the above-mentioned market plays a leading part in pricediscovery. This thesis has analyzed the agricultural futures market statusboth at home and abroad and the proble ms existing in our own throughcollecting materials in many areas. In addition, the agricultural productsfutures market is important effect on foll owing contents has beenanalyzed as well, which contains1.the gui dance in the pri ces ofagricultural products;2.the se curity of grains in our country;3.promotingthe modernizing agriculture;4.confirming the farmers`interests;5.effectiveness of subsidiary for agri cultural products;6.the foundationof moder n market operation. At last, policy recommendation would beoffered, which is to agricultural products fut ures market and how t odevelop this marke t is advisable.