Hedging Commodity Price Risk: A Small Business Perspective

Open Road Press
Free sample

Are you concerned that changes in commodity prices, interest rates, or weather will jeopardize your bottom line, but you don't know what to do about it? Would you like to offer your customers price protection, but you don't know how to manage the risk? Or, are you simply feeling anxious about your current hedging program, uncertain of where to turn for answers?

Finally, it's here: a practical book about hedging written in plain, easy-to-understand language, with clear illustrations. Written for a businessperson by a businessperson, Hedging Commodity Price Risk: A Small Business Perspective explains:

- What commodity price risk is and how it can affect your business- What hedging is and how it minimizes risk

- Specific hedging examples- Hedging pitfalls and opportunities

- How to reduce exposure to rising interest rates

- How to protect against changes in foreign currency exchange rates

- How to hedge weather risk

With over thirty years of business expertise, including fourteen specific to all matters hedging, Tim Bishop shares his knowledge to make your job easier--and your business more sustainable. Written with a small business slant, Hedging Commodity Price Risk is an essential guide to any business that deals with commodities. It comes professionally edited complete with fully linked index, glossary, and helpful webpages.

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About the author

With over thirty years of business experience, Tim Bishop has seen hedging from all angles. He designed, implemented, and executed a hedging program for a multimillion-dollar heating oil distributor. Furthermore, as company treasurer, he was responsible for not only cash management and reporting but also compliance with financial reporting standards, tax law, and debt covenants.

As one who regularly reported to both an outside board of directors and a management team, Bishop understands the challenges of communicating complex information to a multidisciplinary group of professionals who do not live and breathe hedging concepts. He also served as a director of the company’s primary commodity storage facility, so he appreciates the operational considerations of managing risk. Add in Tim’s background as a tax accountant and a CPA, and you have someone fully qualified to speak the languages of all parties who touch commodity price risk management.

In addition to consulting for small businesses, Tim Bishop has coauthored four books with his wife, Debbie, about their midlife launch into marriage, cross-country bicycle touring, and other matters of faith and inspiration. The Bishops serve as volunteer hope coaches for TheHopeLine, a nonprofit organization that seeks to reach, rescue, and restore hurting teens and young adults. The couple blog at www.openroadpress.com.

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Additional Information

Publisher
Open Road Press
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Published on
Sep 15, 2014
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Pages
205
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ISBN
9780985624804
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Language
English
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Genres
Business & Economics / General
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Content Protection
This content is DRM free.
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Read Aloud
Available on Android devices
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