{"title":"Correction to: Farmers’ acceptance of the income stabilisation tool: a discrete choice experiment application","authors":"","doi":"10.1093/erae/jbad030","DOIUrl":"https://doi.org/10.1093/erae/jbad030","url":null,"abstract":"","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135884809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Meilin Ma, Carson Reeling, Megan N Hughes, Shalamar Armstrong, Richard Roth
Abstract Consumers and policymakers are increasingly concerned with environmental sustainability in food production. Yet rates of adoption of many conservation practices vary and are generally low. Existing instruments for practice adoption increase farmers’ expected net benefits from sustainable practices but do not manage associated risks which may be critical to risk-averse farmers. We build a model to characterize practice adoption by risk-averse farmers given practice-driven, long-run yield dynamics under various instruments, including price premiums, lump-sum subsidies and green insurance. We find rich scale and compositional effects that differ across instruments and that green insurance is significantly more cost-effective under plausible conditions.
{"title":"Comparison of conservation instruments under long-run yield uncertainty and farmer risk aversion","authors":"Meilin Ma, Carson Reeling, Megan N Hughes, Shalamar Armstrong, Richard Roth","doi":"10.1093/erae/jbad029","DOIUrl":"https://doi.org/10.1093/erae/jbad029","url":null,"abstract":"Abstract Consumers and policymakers are increasingly concerned with environmental sustainability in food production. Yet rates of adoption of many conservation practices vary and are generally low. Existing instruments for practice adoption increase farmers’ expected net benefits from sustainable practices but do not manage associated risks which may be critical to risk-averse farmers. We build a model to characterize practice adoption by risk-averse farmers given practice-driven, long-run yield dynamics under various instruments, including price premiums, lump-sum subsidies and green insurance. We find rich scale and compositional effects that differ across instruments and that green insurance is significantly more cost-effective under plausible conditions.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135203474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
T. S Jayne, Shamie Zingore, Amadou Ibra Niang, Cheryl Palm, Pedro Sanchez
Abstract This study explores the effectiveness of international efforts to build the capacities of national agricultural research and extension systems (NARES) in Africa and proposes actions to improve the performance of these systems. Analysis draws on agricultural research expenditure data in Africa, Asia and Latin America and key informant interviews of 26 senior representatives of international and African research organisations. We conclude that donors and international partners have increased the supply of professional African scientists while contributing relatively little to the institutional capacities of African NARES. We propose a transition to what we call a twenty-first century African-led agricultural research system and identify actions to manifest it.
{"title":"Building twenty-first century agricultural research and extension capacity in Africa","authors":"T. S Jayne, Shamie Zingore, Amadou Ibra Niang, Cheryl Palm, Pedro Sanchez","doi":"10.1093/erae/jbad028","DOIUrl":"https://doi.org/10.1093/erae/jbad028","url":null,"abstract":"Abstract This study explores the effectiveness of international efforts to build the capacities of national agricultural research and extension systems (NARES) in Africa and proposes actions to improve the performance of these systems. Analysis draws on agricultural research expenditure data in Africa, Asia and Latin America and key informant interviews of 26 senior representatives of international and African research organisations. We conclude that donors and international partners have increased the supply of professional African scientists while contributing relatively little to the institutional capacities of African NARES. We propose a transition to what we call a twenty-first century African-led agricultural research system and identify actions to manifest it.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136281115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Animal welfare is a credence attribute with public good characteristics. Using a discrete choice experiment, consumers’ willingness to pay (WTP) for a concretely planned state animal welfare label is derived and compared by product group (fresh vs. processed meat) and tax scenario (no tax vs. additional animal welfare tax included in price). Consumers have a positive WTP for the state label. However, label WTP is significantly lower for processed than for fresh meat. An additional tax does not impact label WTP on average. Results provide insights for both policymakers on label implementation and farmers on further investments in animal welfare.
{"title":"Paying for animal welfare labelling no matter what? A discrete choice experiment","authors":"Henrike Schwickert","doi":"10.1093/erae/jbad027","DOIUrl":"https://doi.org/10.1093/erae/jbad027","url":null,"abstract":"\u0000 Animal welfare is a credence attribute with public good characteristics. Using a discrete choice experiment, consumers’ willingness to pay (WTP) for a concretely planned state animal welfare label is derived and compared by product group (fresh vs. processed meat) and tax scenario (no tax vs. additional animal welfare tax included in price). Consumers have a positive WTP for the state label. However, label WTP is significantly lower for processed than for fresh meat. An additional tax does not impact label WTP on average. Results provide insights for both policymakers on label implementation and farmers on further investments in animal welfare.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42444780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public policies increasingly support the expansion of organic agriculture as part of a menu of food and environmental initiatives. A little-studied yet crucial element of such expansion, especially in light of scientific evidence on lower yields of organic crops, is its impact on overall food production and food prices, especially for poorer households. In this paper, we first establish a positive empirical relationship between countries’ propensity to produce and consume organic foods and their per-capita income. Such correlation suggests that, even if rich countries’ consumers can benefit from an increase in the organic farmland share, poor countries’ consumers would likely face higher conventional food prices. We then develop and calibrate a model of world food demand and supply to assess the implications of a policy-driven expansion in organic farmland. Our results for four major grains and oilseeds show that raising the organic cropland share in rich countries from 3 to 15 per cent increases food prices in poor countries by up to 6.3 per cent, with central values of 1.2–2.5 per cent, and a commensurate reduction in consumer welfare. Model parameterisations indicate that farmers in poor countries benefit from higher crop prices, while consumers in rich countries are largely unaffected and sometimes benefit. In all cases, poor countries’ consumers bear most of the distortion burden. In our preferred parameterisation, a 3 per cent increase in cropland in rich countries is needed to offset the food price increase in poor countries.
{"title":"Policy-induced expansion of organic farmland: implications for food prices and welfare","authors":"P. Mérel, Zhiran Qin, R. Sexton","doi":"10.1093/erae/jbad024","DOIUrl":"https://doi.org/10.1093/erae/jbad024","url":null,"abstract":"\u0000 Public policies increasingly support the expansion of organic agriculture as part of a menu of food and environmental initiatives. A little-studied yet crucial element of such expansion, especially in light of scientific evidence on lower yields of organic crops, is its impact on overall food production and food prices, especially for poorer households. In this paper, we first establish a positive empirical relationship between countries’ propensity to produce and consume organic foods and their per-capita income. Such correlation suggests that, even if rich countries’ consumers can benefit from an increase in the organic farmland share, poor countries’ consumers would likely face higher conventional food prices. We then develop and calibrate a model of world food demand and supply to assess the implications of a policy-driven expansion in organic farmland. Our results for four major grains and oilseeds show that raising the organic cropland share in rich countries from 3 to 15 per cent increases food prices in poor countries by up to 6.3 per cent, with central values of 1.2–2.5 per cent, and a commensurate reduction in consumer welfare. Model parameterisations indicate that farmers in poor countries benefit from higher crop prices, while consumers in rich countries are largely unaffected and sometimes benefit. In all cases, poor countries’ consumers bear most of the distortion burden. In our preferred parameterisation, a 3 per cent increase in cropland in rich countries is needed to offset the food price increase in poor countries.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45094075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Powerful long-term drivers are increasing both the demand and supply of quantified environmental impact information in food systems. The trend is fast (with many initiatives underway) and furious (presenting a confusing landscape) but has so far received little attention from economists. Better information can inform public and private efforts to reduce environmental pressures. However, the use of different methodologies and reporting requirements could lead to a fragmented landscape. Moreover, there is a risk that poor producers will be disproportionately affected. We discuss the trend, its drivers, impacts and potential pitfalls, as well as the many open research and policy questions.
{"title":"Fast and furious: the rise of environmental impact reporting in food systems","authors":"Koen Deconinck, Marion Jansen, Carla Barisone","doi":"10.1093/erae/jbad018","DOIUrl":"https://doi.org/10.1093/erae/jbad018","url":null,"abstract":"Powerful long-term drivers are increasing both the demand and supply of quantified environmental impact information in food systems. The trend is fast (with many initiatives underway) and furious (presenting a confusing landscape) but has so far received little attention from economists. Better information can inform public and private efforts to reduce environmental pressures. However, the use of different methodologies and reporting requirements could lead to a fragmented landscape. Moreover, there is a risk that poor producers will be disproportionately affected. We discuss the trend, its drivers, impacts and potential pitfalls, as well as the many open research and policy questions.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":"30 24","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71492531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The existence of a negative variance risk premium on agricultural futures contracts suggests that market participants pay to hedge unexpected increases in the volatility of these contracts. In this paper, we decompose the variance risk premium in corn and soybeans markets into jump and diffusive components using options and futures data from 2009 to 2021. We find that market participants on average only pay to hedge unexpected increases in jump volatility but not those in diffusive volatility. Furthermore, growing season uncertainty and the arrival of United States Department of Agriculture (USDA) announcements play important roles in driving the market’s fear of unexpectedly large price jumps.
{"title":"The pricing of variance risks in agricultural futures markets: do jumps matter?","authors":"Xinyue He, Siyu Bian, Teresa Serra","doi":"10.1093/erae/jbad026","DOIUrl":"https://doi.org/10.1093/erae/jbad026","url":null,"abstract":"\u0000 The existence of a negative variance risk premium on agricultural futures contracts suggests that market participants pay to hedge unexpected increases in the volatility of these contracts. In this paper, we decompose the variance risk premium in corn and soybeans markets into jump and diffusive components using options and futures data from 2009 to 2021. We find that market participants on average only pay to hedge unexpected increases in jump volatility but not those in diffusive volatility. Furthermore, growing season uncertainty and the arrival of United States Department of Agriculture (USDA) announcements play important roles in driving the market’s fear of unexpectedly large price jumps.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47601166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The income stabilisation tool (IST) is the latest tool proposed by the European Union (EU) to manage agricultural risks. It aims at stabilising farm income by compensating income losses. Using a discrete choice experiment, this paper investigates grapevine farmers’ acceptance of the IST in Croatia and tests whether behavioural factors such as risk preferences, probability weighting and subjective probabilities related to future farm income explain acceptance of this new tool. Results suggest that there is demand for the IST. Pessimistic farmers are more likely to participate in the IST than others, suggesting that subjective probabilities influence farmers’ decisions about agricultural risk management.
{"title":"Farmers’ acceptance of the income stabilisation tool: a discrete choice experiment application","authors":"T. Čop, Simone Cerroni, M. Njavro","doi":"10.1093/erae/jbad025","DOIUrl":"https://doi.org/10.1093/erae/jbad025","url":null,"abstract":"\u0000 The income stabilisation tool (IST) is the latest tool proposed by the European Union (EU) to manage agricultural risks. It aims at stabilising farm income by compensating income losses. Using a discrete choice experiment, this paper investigates grapevine farmers’ acceptance of the IST in Croatia and tests whether behavioural factors such as risk preferences, probability weighting and subjective probabilities related to future farm income explain acceptance of this new tool. Results suggest that there is demand for the IST. Pessimistic farmers are more likely to participate in the IST than others, suggesting that subjective probabilities influence farmers’ decisions about agricultural risk management.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46710651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
L. Latruffe, A. Niedermayr, Y. Desjeux, K. Dakpo, Kassoum Ayouba, L. Schaller, J. Kantelhardt, Yan Jin, Kevin Kilcline, M. Ryan, C. O’Donoghue
In order to tackle climate change and biodiversity loss, the European Union (EU) promotes extensive farming. However, identifying such farms across countries and assessing their performance for policy purposes remains challenging. This paper combines a latent class stochastic frontier model (LCSFM) with a novel nested metafrontier approach. The resulting model enables the identification of intensive and extensive farms across countries, estimation of farm efficiency and identification of different technology gaps. Based on Farm Accountancy Data Network data of French, Irish and Austrian dairy farms,we find poorer environmental but better economic performance of intensive farms, compared to extensive farms. The largest productivity differences stem from technology gaps and not from inefficiency. The approach enables a more nuanced analysis of sources of inefficiency to assist policy design for future green payments in the EU.
{"title":"Identifying and assessing intensive and extensive technologies in European dairy farming","authors":"L. Latruffe, A. Niedermayr, Y. Desjeux, K. Dakpo, Kassoum Ayouba, L. Schaller, J. Kantelhardt, Yan Jin, Kevin Kilcline, M. Ryan, C. O’Donoghue","doi":"10.1093/erae/jbad023","DOIUrl":"https://doi.org/10.1093/erae/jbad023","url":null,"abstract":"\u0000 In order to tackle climate change and biodiversity loss, the European Union (EU) promotes extensive farming. However, identifying such farms across countries and assessing their performance for policy purposes remains challenging. This paper combines a latent class stochastic frontier model (LCSFM) with a novel nested metafrontier approach. The resulting model enables the identification of intensive and extensive farms across countries, estimation of farm efficiency and identification of different technology gaps. Based on Farm Accountancy Data Network data of French, Irish and Austrian dairy farms,we find poorer environmental but better economic performance of intensive farms, compared to extensive farms. The largest productivity differences stem from technology gaps and not from inefficiency. The approach enables a more nuanced analysis of sources of inefficiency to assist policy design for future green payments in the EU.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45884323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Digitalisation is rapidly transforming the agri-food sector. This paper investigates emerging opportunities, challenges and policy options. We show that digital innovations can contribute to more sustainable and resilient agricultural systems. For example, digital innovations enable increased productivity, reduced environmental footprints and higher resilience of farms. However, these optimistic outcomes of increasing digitalisation of the agricultural sector will not emerge on their own, but this development comes with several challenges, costs and risks, e.g. in economic, social and ethical dimensions. We provide policy recommendations to explore opportunities and avoid risks. Moreover, we discuss implications for future research in agricultural economics.
{"title":"Digital innovations for sustainable and resilient agricultural systems","authors":"R. Finger","doi":"10.1093/erae/jbad021","DOIUrl":"https://doi.org/10.1093/erae/jbad021","url":null,"abstract":"\u0000 Digitalisation is rapidly transforming the agri-food sector. This paper investigates emerging opportunities, challenges and policy options. We show that digital innovations can contribute to more sustainable and resilient agricultural systems. For example, digital innovations enable increased productivity, reduced environmental footprints and higher resilience of farms. However, these optimistic outcomes of increasing digitalisation of the agricultural sector will not emerge on their own, but this development comes with several challenges, costs and risks, e.g. in economic, social and ethical dimensions. We provide policy recommendations to explore opportunities and avoid risks. Moreover, we discuss implications for future research in agricultural economics.","PeriodicalId":50476,"journal":{"name":"European Review of Agricultural Economics","volume":" ","pages":""},"PeriodicalIF":3.4,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45512332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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