Commodity prices are in the news. Oil prices have dropped 65% since June 2014. Metal prices are also down substantially, albeit they have declined more gradually since 2011 on account of slower growth from emerging markets that account for more than half of global metal consumption. In this special issue, we focus on food prices, which have in many ways a wider impact than oil prices. While int...

The study on gender and net farm income of cassava-based farmers under individual land tenure system was done in Abia State of Nigeria. The main objective was to determine the Net Farm Income (NFI) and the Benefit Cost Ratio (BCR) of the cassava farmers by gender vis-aviz their income levels as well as food security in the state. A multi-stage random sampling technique was adopted while data we...

Market distortions in global trade occur when a govern­ ment creates policies that increase or lower prices of imported and /or exported goods. When prices are distorted, consumers pay either less or more than they would have if the price-altering policies were not in place. In agricultural and food mar­ kets, governments tend to create pricealtering trade policies especially when global agricu...

Abstract In 2019, Ireland was the third-largest exporter of butter in world market but Irish prices have been more volatile compared to other dairy products. Yet, empirical research that examines price dynamics and international competitor behavior remains scarce. The Vector Error Correction Model applied data from 1970–2019, test extent which changes farm milk had an impact on prices. results ...

 Growth in the productivity of staple nontradable food production is associated with consumption increases or poverty reduction across a number of settings, although the study of these relationships is complicated by the specific market dynamics that determine food prices. The relationship between productivity growth in tradable or export-oriented production and poverty alleviation is less cle...

An agricultural policy option where individual producers’ support prices increase with the proportion of land set-aside is evaluated. A theoretical framework is presented and a stochastic simulation model is developed to generate estimates of the impacts of the policy on aggregate and regional distribution of government payments and farm-level income. Results indicate that significant land idli...

This paper analyses determinants of agricultural land prices in Sweden with a particular focus on location-specific factors. An asset-pricing model is used to decompose agricultural land prices into expected returns from land in its current agricultural use and expected returns from its potential use. The model is estimated in a cross regional context where explanatory factors relate to regiona...

The paper reports the first results of the EU funded Project WADI (Sustainability of European Irrigated Agriculture under Water Directive and Agenda 2000). The objective of the WADI project is to evaluate the economic, social and environmental sustainability of European irrigated farming under different scenarios concerning water policy and the Common Agricultural Policy. The methodology relies...

The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is higher at $23.71 per cwt., and the exit price is also higher at $13.48. If infinite numbers of representa...