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Author: Alberto Garrido Publisher: Routledge ISBN: 1317384652 Category : Business & Economics Languages : en Pages : 240
Book Description
Since the financial and food price crises of 2007, market instability has been a topic of major concern to agricultural economists and policy professionals. This volume provides an overview of the key issues surrounding food prices volatility, focusing primarily on drivers, long-term implications of volatility and its impacts on food chains and consumers. The book explores which factors and drivers are volatility-increasing and which others are price level-increasing, and whether these two distinctive effects can be identified and measured. It considers the extent to which increasing instability affects agents in the value chain, as well as the actual impacts on the most vulnerable households in the EU and in selected developing countries. It also analyses which policies are more effective to avert and mitigate the effects of instability. Developed from the work of the European-based ULYSSES project, the book synthesises the most recent literature on the topic and presents the views of practitioners, businesses, NGOs and farmers' organizations. It draws policy responses and recommendations for policy makers at both European and on international levels.
Author: Alberto Garrido Publisher: Routledge ISBN: 1317384652 Category : Business & Economics Languages : en Pages : 240
Book Description
Since the financial and food price crises of 2007, market instability has been a topic of major concern to agricultural economists and policy professionals. This volume provides an overview of the key issues surrounding food prices volatility, focusing primarily on drivers, long-term implications of volatility and its impacts on food chains and consumers. The book explores which factors and drivers are volatility-increasing and which others are price level-increasing, and whether these two distinctive effects can be identified and measured. It considers the extent to which increasing instability affects agents in the value chain, as well as the actual impacts on the most vulnerable households in the EU and in selected developing countries. It also analyses which policies are more effective to avert and mitigate the effects of instability. Developed from the work of the European-based ULYSSES project, the book synthesises the most recent literature on the topic and presents the views of practitioners, businesses, NGOs and farmers' organizations. It draws policy responses and recommendations for policy makers at both European and on international levels.
Author: Alexander Sarris Publisher: Edward Elgar Publishing ISBN: 1781008027 Category : Business & Economics Languages : en Pages : 456
Book Description
This book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade negotiations.
Author: Stephen Carroll Beare Publisher: ISBN: Category : Farm produce Languages : en Pages : 708
Book Description
The distribution of agricultural production for continuous consumption requires the capacity to maintain inventories which are large relative to the rate of utilization. As a result, the demand for inventories is a critical element in the pricing of agricultural commodities. A component of inventory demand, referred to here as reservation demand, is sensitive to expectations for future prices and may be a significant source of price instability in agricultural markets. Price expectations are, in part, dependent on current price information. This creates a potentially complex and volatile pricing structure. A cusp catastrophe with slow feedback is used to model the interrelationship between the formation of expectations and price determination. A catastrophe model allows the use of relatively unrestrictive assumptions concerning the formation of expectations and provides a picture of how unstable price behavior can exist within a structurally stable pricing system. Some of the concepts underlying catastrophe theory are presented in the familiar context of a competitive market. This is followed by a demonstration of how speculative changes in the demand for inventory may disrupt the pricing structure of a competitive market. A cusp catastrophe model of a competitive market for a stored commodity is developed. Simulation experiments are conducted to demonstrate how alternative forms of price behavior can be represented within the model. Prices generated by the model are compared to actual patterns of price adjustment observed for wheat. An empirical investigation of the pricing structure of the wheat market is then conducted. It is concluded that the relationship between price expectations and the demand for inventory is, at times, a source of price instability for stored commodities. Speculative or transitory changes in the demand for inventory tend to exacerbate existing variability in agricultural prices. This appears to be an important consideration in analysing production and marketing alternatives and in evaluating public policy. A cusp catastrophe with slow feedback provides a good conceptual framework for taking the interdependence of expectations and prices into account.
Author: Per Pinstrup-Andersen Publisher: Oxford University Press (UK) ISBN: 0198718578 Category : Business & Economics Languages : en Pages : 545
Book Description
Since 2006, global food prices have fluctuated greatly around an increasing trend and price spikes were observed for key food commodities such as rice, wheat, and maize.
Author: P. B. R. Hazell Publisher: World Bank Publications ISBN: Category : Agricultural prices Languages : en Pages : 39
Book Description
World prices are notoriously unstable, and unless farmers can efficiently diffuse the risky returns from export crops, price variability may impede the expansion of agricultural exports in many developing countries.
Author: Gary Storey Publisher: CRC Press ISBN: 0429716990 Category : Science Languages : en Pages : 304
Book Description
Agricultural trade has become an integral part of world agriculture. During the 1970s, the real growth in world agricultural trade was phenomenal. For example, the value of U. S. agricultural exports alone increased more than fivefold during this period. In April, 1978, a small group of West Coast agricultural economists (Hillman, Josling, Sarris, Schmitz, King, and McCalla) met to form what is now called the International Trade Consortium which is financed, in part, by the U. S. Department of Agriculture and Agriculture Canada. One of the products of this project was a book published in 1979 by A. F. McCalla and T. E. Josling (editors), Imperfect Markets in Agricultural Trade, Allenheld, Osmun and Co., 1981. In the same vein, this book is a result of an International Trade Consortium meeting held in Berkeley, California, in the early 1980s.
Author: Margot A. Bellamy Publisher: Gower Publishing Company ISBN: Category : Business & Economics Languages : en Pages : 402
Book Description
Growing interdependencies and uncertainties; Balancing overproduction and malnutrition; Pressure on natural resource; Human capital, technology and institution; People in rural societies; Food chain, markets, and trade; Structure of agriculture; Theoretical developments.
Author: Alberto Garrido
Author: Alberto Garrido
Author: Jean-Paul Chavas
Author: Gordnon Rausser
Author: Ian Lennox Dalziell
Author: Alexander Sarris
Author: Stephen Carroll Beare
Author: Per Pinstrup-Andersen
Author: P. B. R. Hazell
Author: Gary Storey
Author: Margot A. Bellamy