Juan Hernán Cabas Monje, Ricardo-Andrés Troncoso Sepulveda, Bouali Guesmi, Ibtissem Taghouti, José María Gil
Rice is a basic component in the diet of more than half of the world's population, with 95% of its production destined for human consumption. Spain is the second rice producer in the European Union (EU), geographically located in four autonomous communities contributing to the local economy. This study aims at assessing the productive efficiency of rice farms in this country. To our knowledge, no previous work has dealt with the performance of rice framers in the EU in general and in Spain in particular. We used the Generalized True Ramdom-effects model to estimate the persistent and transient efficiency levels of farms and identifying the production risk factors using a sample of 158 rice farms over the period 2014–2017. Empirical findings reveal an overall efficiency level of 0.81 on average, mainly explained by the long-term efficiency component. Moreover, results show an important room for efficiency improvement at the short-term to enhance productive management skills of farmers. Finally, labor, fertilizer, water and insurance spending are likely to be risk-decreasing factors.
{"title":"Estimation and Determinants of Transient and Persistent Efficiency of Rice Production in Spain","authors":"Juan Hernán Cabas Monje, Ricardo-Andrés Troncoso Sepulveda, Bouali Guesmi, Ibtissem Taghouti, José María Gil","doi":"10.1002/agr.21975","DOIUrl":"10.1002/agr.21975","url":null,"abstract":"<div>\u0000 \u0000 <p>Rice is a basic component in the diet of more than half of the world's population, with 95% of its production destined for human consumption. Spain is the second rice producer in the European Union (EU), geographically located in four autonomous communities contributing to the local economy. This study aims at assessing the productive efficiency of rice farms in this country. To our knowledge, no previous work has dealt with the performance of rice framers in the EU in general and in Spain in particular. We used the Generalized True Ramdom-effects model to estimate the persistent and transient efficiency levels of farms and identifying the production risk factors using a sample of 158 rice farms over the period 2014–2017. Empirical findings reveal an overall efficiency level of 0.81 on average, mainly explained by the long-term efficiency component. Moreover, results show an important room for efficiency improvement at the short-term to enhance productive management skills of farmers. Finally, labor, fertilizer, water and insurance spending are likely to be risk-decreasing factors.</p></div>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"979-991"},"PeriodicalIF":2.0,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vijayalaxmi D. Khed, Moti Jaleta, Vijesh V. Krishna
Why do certain new crop varieties fail to gain popularity among farmers despite their proven superiority in scientific field trials and on‐farm demonstrations? Empirical microlevel studies in agricultural economics usually address this question from a household or farmer perspective, neglecting the broader socio‐institutional and economic context against which varietal dissemination takes place. In the present study, we explore the relationship between wheat seed delivery networks and varietal turnover, using data from farmers' fields in eastern India. An extensive survey encompassing 7648 wheat farmers was conducted to capture wheat production practices across 31 districts of Bihar and 9 districts of eastern Uttar Pradesh. Additional qualitative interviews led to the initial impression that farmers' selection of varieties often precedes their choice of seed source, challenging the prevailing assumptions about the causal direction of this relationship. To address the challenge of reverse causality between varietal selection and seed source preference, we employed an instrumental variable regression framework. Although new wheat varieties are available in the market, a substantial majority of farmers opt for old ones. Farmers' decisions regarding the selection of wheat varieties and seed sources are not straightforward, and their preference for wheat varieties significantly impacts their seed source selection, indicating a hitherto unexplored bidirectional relationship. Understanding this complex relationship has significant strategic implications for stakeholders in the seed supply system, offering policy recommendations for enhancing varietal turnover rates and encouraging the widespread adoption of new, improved varieties among smallholders. Such initiatives hold the promise of enhancing system resilience and food security in developing countries. [EconLit Citations: O3, Q1, Q16, Q18].
{"title":"Wheat seed delivery pathways and varietal turnover in eastern India","authors":"Vijayalaxmi D. Khed, Moti Jaleta, Vijesh V. Krishna","doi":"10.1002/agr.21971","DOIUrl":"https://doi.org/10.1002/agr.21971","url":null,"abstract":"Why do certain new crop varieties fail to gain popularity among farmers despite their proven superiority in scientific field trials and on‐farm demonstrations? Empirical microlevel studies in agricultural economics usually address this question from a household or farmer perspective, neglecting the broader socio‐institutional and economic context against which varietal dissemination takes place. In the present study, we explore the relationship between wheat seed delivery networks and varietal turnover, using data from farmers' fields in eastern India. An extensive survey encompassing 7648 wheat farmers was conducted to capture wheat production practices across 31 districts of Bihar and 9 districts of eastern Uttar Pradesh. Additional qualitative interviews led to the initial impression that farmers' selection of varieties often precedes their choice of seed source, challenging the prevailing assumptions about the causal direction of this relationship. To address the challenge of reverse causality between varietal selection and seed source preference, we employed an instrumental variable regression framework. Although new wheat varieties are available in the market, a substantial majority of farmers opt for old ones. Farmers' decisions regarding the selection of wheat varieties and seed sources are not straightforward, and their preference for wheat varieties significantly impacts their seed source selection, indicating a hitherto unexplored bidirectional relationship. Understanding this complex relationship has significant strategic implications for stakeholders in the seed supply system, offering policy recommendations for enhancing varietal turnover rates and encouraging the widespread adoption of new, improved varieties among smallholders. Such initiatives hold the promise of enhancing system resilience and food security in developing countries. [EconLit Citations: O3, Q1, Q16, Q18].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"94 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study analyzes the impact of adopting sustainable agricultural practices (SAPs) with or without chemical pesticides on farmers' technical efficiency. We compared three groups of farmers: nonadopters, those adopting SAPs and using chemical pesticides, and those adopting SAPs in the pesticide‐free mode. The study data covered 1912 rural households in Burkina Faso for the 2016–2017 agricultural season. We used an endogenous frontier model and a matching method to address sample selection for both observables and unobservables. The results show that the adoption of pesticide‐free SAPs reduces technical inefficiency compared with the practice of adopting SAPs with pesticides and nonadoption of SAPs. However, our findings show that compared with the nonadoption of SAPs, adoption of SAPs with chemical pesticides did not have a significant effect on technical efficiency. For more efficient and sustainable agriculture, policies should further promote SAPs while advancing biological pest management techniques, as opposed to the use of chemical pesticides. [EconLit Citations: Q1, Q12, Q15, Q16, Q56].
本研究分析了采用或不采用化学农药的可持续农业实践（SAP）对农民技术效率的影响。我们对三组农民进行了比较：非采用者、采用 SAP 并使用化学农药的农民和采用 SAP 无农药模式的农民。研究数据涵盖布基纳法索 2016-2017 年农季的 1912 个农村家庭。我们使用了内生前沿模型和匹配方法来解决可观测变量和不可观测变量的样本选择问题。结果表明，与采用含农药的农业结构调整方案和不采用农业结构调整方案的做法相比，采用不含农药的农业结构调整方案降低了技术无效率。然而，我们的研究结果表明，与不采用结构调整方案相比，采用含化学农药的结构调整方案对技术效率没有显著影响。为了提高农业的效率和可持续发展，政策应进一步推广 SAP，同时推进病虫害生物防治技术，而不是使用化学农药。[经济学引文：问题 1、问题 12、问题 15、问题 16、问题 56]。
{"title":"The impact of adopting sustainable agricultural practices with or without chemical pesticides on farmers' technical efficiency: Evidence from rural Burkina Faso","authors":"Tobignaré Florent Maré, Pam Zahonogo, Kimseyinga Savadogo","doi":"10.1002/agr.21974","DOIUrl":"https://doi.org/10.1002/agr.21974","url":null,"abstract":"This study analyzes the impact of adopting sustainable agricultural practices (SAPs) with or without chemical pesticides on farmers' technical efficiency. We compared three groups of farmers: nonadopters, those adopting SAPs and using chemical pesticides, and those adopting SAPs in the pesticide‐free mode. The study data covered 1912 rural households in Burkina Faso for the 2016–2017 agricultural season. We used an endogenous frontier model and a matching method to address sample selection for both observables and unobservables. The results show that the adoption of pesticide‐free SAPs reduces technical inefficiency compared with the practice of adopting SAPs with pesticides and nonadoption of SAPs. However, our findings show that compared with the nonadoption of SAPs, adoption of SAPs with chemical pesticides did not have a significant effect on technical efficiency. For more efficient and sustainable agriculture, policies should further promote SAPs while advancing biological pest management techniques, as opposed to the use of chemical pesticides. [EconLit Citations: Q1, Q12, Q15, Q16, Q56].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"5 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213310","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines producer participation choices considering a variety of potential benefits linked to state‐sponsored marketing programs, using a real choice dataset of farmers in Missouri. Multinomial logit models are employed to predict determinants of farmer enrollment in three tiers of the Missouri Grown local food marketing program: free, $50, and $100 memberships. We find that farmers who expect to increase sales or receive special services from the program are more likely to choose paid membership levels, while those who seek new opportunities are more associated with free participation. Furthermore, farms with annual sales above $150,000 and those with male or white decision‐makers are more likely to be $100 members, while young and beginning farmers tend to participate at a paid tier of $50 in the program.
{"title":"Determinants of local food producer participation in state‐sponsored marketing programs: Evidence from Missouri","authors":"Lan Tran, Ye Su, Laura McCann","doi":"10.1002/agr.21973","DOIUrl":"https://doi.org/10.1002/agr.21973","url":null,"abstract":"This study examines producer participation choices considering a variety of potential benefits linked to state‐sponsored marketing programs, using a real choice dataset of farmers in Missouri. Multinomial logit models are employed to predict determinants of farmer enrollment in three tiers of the Missouri Grown local food marketing program: free, $50, and $100 memberships. We find that farmers who expect to increase sales or receive special services from the program are more likely to choose paid membership levels, while those who seek new opportunities are more associated with free participation. Furthermore, farms with annual sales above $150,000 and those with male or white decision‐makers are more likely to be $100 members, while young and beginning farmers tend to participate at a paid tier of $50 in the program.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"7 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Francis Tsiboe, Mark Appiah‐Twumasi, Tian Xia, Vincent Amanor‐Boadu
Despite the global increase in poultry consumption, there are different preferences for chicken products in different countries. In Ghana, two main categories dominate the market: live/fresh whole chickens and imported frozen chicken parts. This study leverages data from 13,201 households to explore Ghanaian demand dynamics for these products using the Quadratic Almost Ideal Demand System. Findings reveal stark differences between the two. Live/fresh whole chickens, considered luxury goods, display a complex interplay with other non‐chicken meat products, cultural festivities, and various sociodemographic factors. Meanwhile, frozen chicken parts, seen as necessities, exhibit different demand shifters and peak consumption periods. Importantly, these two categories emerge as distinct products, signaling to policymakers the need for differentiated strategies. Simulated policy scenarios further emphasize that reducing prices of live/fresh chickens significantly boosts domestic chicken demand more than policies raising prices of frozen parts. However, the broader implications on alternative protein sources differ between the two policy types. We urge policymakers to adopt an integrated approach, considering these nuances, to strengthen Ghana's domestic poultry sector without unintended market disruptions. [EconLit citations: Q11, Q13, Q17, Q18, D12].
{"title":"Consumption patterns of fresh and frozen chicken: A Ghanaian food policy perspective","authors":"Francis Tsiboe, Mark Appiah‐Twumasi, Tian Xia, Vincent Amanor‐Boadu","doi":"10.1002/agr.21972","DOIUrl":"https://doi.org/10.1002/agr.21972","url":null,"abstract":"Despite the global increase in poultry consumption, there are different preferences for chicken products in different countries. In Ghana, two main categories dominate the market: live/fresh whole chickens and imported frozen chicken parts. This study leverages data from 13,201 households to explore Ghanaian demand dynamics for these products using the Quadratic Almost Ideal Demand System. Findings reveal stark differences between the two. Live/fresh whole chickens, considered luxury goods, display a complex interplay with other non‐chicken meat products, cultural festivities, and various sociodemographic factors. Meanwhile, frozen chicken parts, seen as necessities, exhibit different demand shifters and peak consumption periods. Importantly, these two categories emerge as distinct products, signaling to policymakers the need for differentiated strategies. Simulated policy scenarios further emphasize that reducing prices of live/fresh chickens significantly boosts domestic chicken demand more than policies raising prices of frozen parts. However, the broader implications on alternative protein sources differ between the two policy types. We urge policymakers to adopt an integrated approach, considering these nuances, to strengthen Ghana's domestic poultry sector without unintended market disruptions. [EconLit citations: Q11, Q13, Q17, Q18, D12].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"7 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Outsourcing pest and disease control (PDC) has grown rapidly worldwide, especially in developing countries. Although numerous studies have investigated various advantages of outsourcing PDC, little is known about its impact on pesticide expenditure. This study addresses the gap by estimating the impact of outsourcing PDC on pesticide expenditure using data collected from 448 rice farmers in China. We employ an endogenous treatment regression (ETR) model and an instrumental variable quantile regression (IVQR) model to investigate the homogenous and heterogeneous impacts of outsourcing PDC, respectively. The results estimated by the ETR model show that outsourcing PDC decreases total pesticide expenditure. The reduction in herbicide expenditure due to outsourcing PDC is greater than the reduction in insecticide expenditure. The results estimated by the IVQR model reveal that the pesticide expenditure reduction effect of outsourcing PDC is larger among farmers with higher pesticide expenditure. Our findings generally suggest that it is necessary to take outsourcing PDC into consideration when designing policies to promote pesticide expenditure reduction and protect the ecological environment and human health.
{"title":"Can outsourcing pest and disease control help reduce pesticide expenditure? Evidence from rice farmers","authors":"Pengcheng Wang, Wanglin Ma, Mengling Diao","doi":"10.1002/agr.21969","DOIUrl":"https://doi.org/10.1002/agr.21969","url":null,"abstract":"Outsourcing pest and disease control (PDC) has grown rapidly worldwide, especially in developing countries. Although numerous studies have investigated various advantages of outsourcing PDC, little is known about its impact on pesticide expenditure. This study addresses the gap by estimating the impact of outsourcing PDC on pesticide expenditure using data collected from 448 rice farmers in China. We employ an endogenous treatment regression (ETR) model and an instrumental variable quantile regression (IVQR) model to investigate the homogenous and heterogeneous impacts of outsourcing PDC, respectively. The results estimated by the ETR model show that outsourcing PDC decreases total pesticide expenditure. The reduction in herbicide expenditure due to outsourcing PDC is greater than the reduction in insecticide expenditure. The results estimated by the IVQR model reveal that the pesticide expenditure reduction effect of outsourcing PDC is larger among farmers with higher pesticide expenditure. Our findings generally suggest that it is necessary to take outsourcing PDC into consideration when designing policies to promote pesticide expenditure reduction and protect the ecological environment and human health.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"27 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141886568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Qi Kang, Carlos E. Carpio, Manuel Garcia, Chenggang Wang, Tullaya Boonsaeng, Darren Hudson
China's rapidly growing food market offers opportunities for foreign beef producers, thanks to its sizable population and increasing income levels. This study examined Chinese consumers' preferences and willingness to pay (WTP) for credence attributes of beef from the domestic market and other large exporting countries. Three beef cuts were considered: steak, brisket, and tongue. Data were collected from an online survey incorporating choice experiments (CEs) of 2016 consumers from China in 2021. Each respondent was presented with three beef alternatives that differed in price, country of origin, food safety, and production certifications, and also included a “no purchase” option. Chinese consumers' beef selections in the CEs were analyzed using a mixed logit model in WTP space. Results indicate that the type of cut does not influence Chinese consumers' evaluation of country of origin and credence attributes. Moreover, results show that Chinese consumers strongly prefer and are willing to pay more for domestic beef than imported beef. Beef from New Zealand had the highest WTP value among all the exporting countries, followed by Argentina, Australia, Canada, Uruguay, Brazil, and the United States. Also, enhanced food safety, Organic, and Green Food certifications had positive WTP values. The findings of this study offer evidence that Chinese consumers prefer safe and quality‐assured beef products. This information can be used by beef producers targeting the Chinese market to design production and marketing strategies.
{"title":"Chinese consumers' preferences for imported beef products","authors":"Qi Kang, Carlos E. Carpio, Manuel Garcia, Chenggang Wang, Tullaya Boonsaeng, Darren Hudson","doi":"10.1002/agr.21968","DOIUrl":"https://doi.org/10.1002/agr.21968","url":null,"abstract":"China's rapidly growing food market offers opportunities for foreign beef producers, thanks to its sizable population and increasing income levels. This study examined Chinese consumers' preferences and willingness to pay (WTP) for credence attributes of beef from the domestic market and other large exporting countries. Three beef cuts were considered: steak, brisket, and tongue. Data were collected from an online survey incorporating choice experiments (CEs) of 2016 consumers from China in 2021. Each respondent was presented with three beef alternatives that differed in price, country of origin, food safety, and production certifications, and also included a “no purchase” option. Chinese consumers' beef selections in the CEs were analyzed using a mixed logit model in WTP space. Results indicate that the type of cut does not influence Chinese consumers' evaluation of country of origin and credence attributes. Moreover, results show that Chinese consumers strongly prefer and are willing to pay more for domestic beef than imported beef. Beef from New Zealand had the highest WTP value among all the exporting countries, followed by Argentina, Australia, Canada, Uruguay, Brazil, and the United States. Also, enhanced food safety, Organic, and Green Food certifications had positive WTP values. The findings of this study offer evidence that Chinese consumers prefer safe and quality‐assured beef products. This information can be used by beef producers targeting the Chinese market to design production and marketing strategies.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"45 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141781075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
World markets for quality differentiated agri‐food products are highly competitive, presenting significant challenges for firms aiming to compete effectively. Government agencies and business organizations often implement various export promotion policies to address these challenges. This paper explores the role of Denomination of Origin Regulatory Councils in the export activities of Spanish wineries. Hypotheses are developed based on the Resource‐Based View and Institutional‐Based View, considering divergent theoretical predictions. Empirical findings from a comprehensive sample of Spanish wineries across all Denominations of Origin reveal positive associations between wineries' resources and Regulatory Councils' activities with export performance. However, these relationships vary depending on the specific resource or activity. These findings are consistent across different measures of export performance, highlighting the intricate relationships between institutions like Regulatory Councils and the internationalization of member firms.
{"title":"Disentangling the relationships between denomination of origin regulatory councils activities and Spanish wineries' export performance","authors":"Nicolás Depetris‐Chauvin, Marta Fernández‐Olmos","doi":"10.1002/agr.21966","DOIUrl":"https://doi.org/10.1002/agr.21966","url":null,"abstract":"World markets for quality differentiated agri‐food products are highly competitive, presenting significant challenges for firms aiming to compete effectively. Government agencies and business organizations often implement various export promotion policies to address these challenges. This paper explores the role of Denomination of Origin Regulatory Councils in the export activities of Spanish wineries. Hypotheses are developed based on the Resource‐Based View and Institutional‐Based View, considering divergent theoretical predictions. Empirical findings from a comprehensive sample of Spanish wineries across all Denominations of Origin reveal positive associations between wineries' resources and Regulatory Councils' activities with export performance. However, these relationships vary depending on the specific resource or activity. These findings are consistent across different measures of export performance, highlighting the intricate relationships between institutions like Regulatory Councils and the internationalization of member firms.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"82 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141781076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jerome Dumortier, Amani Elobeid, Miguel Carriquiry
Latin America is a major agricultural producer with important natural resources. Efforts have been made to protect sensitive areas but are hindered by agricultural trade disruptions outside the control of individual countries due to globally integrated crop markets. This analysis assesses the effects of two trade shocks, that is, the war in Ukraine and vehicle decarbonization in the United States (US), on biodiversity and water resources in Latin America. Results show that an increase in maize and wheat exports from the region triggered by the war in Ukraine negatively affects biodiversity in Brazil and leads to cropland expansion into drought-prone areas in Argentina and Chile. For the case of reduced crop exports from Latin America due to US vehicle decarbonization and the corresponding shift away from US maize ethanol, the pressure on arable land in areas of high biodiversity and water stress is eased. As opposed to agricultural carbon emissions, which have global impacts, biodiversity and water issues have a strong local and regional significance. Regulatory frameworks aiming to protect these regions should be forward looking to detect and shield vulnerable areas from future threats. Other changes affecting global agriculture and trade, for example, sustainable aviation fuels in the US or the European Farm-to-Fork policy, need to be anticipated for effective policies in Latin America.
{"title":"Impacts of Geopolitics and Policy on Latin American Biodiversity and Water Resources","authors":"Jerome Dumortier, Amani Elobeid, Miguel Carriquiry","doi":"10.1002/agr.21965","DOIUrl":"10.1002/agr.21965","url":null,"abstract":"<p>Latin America is a major agricultural producer with important natural resources. Efforts have been made to protect sensitive areas but are hindered by agricultural trade disruptions outside the control of individual countries due to globally integrated crop markets. This analysis assesses the effects of two trade shocks, that is, the war in Ukraine and vehicle decarbonization in the United States (US), on biodiversity and water resources in Latin America. Results show that an increase in maize and wheat exports from the region triggered by the war in Ukraine negatively affects biodiversity in Brazil and leads to cropland expansion into drought-prone areas in Argentina and Chile. For the case of reduced crop exports from Latin America due to US vehicle decarbonization and the corresponding shift away from US maize ethanol, the pressure on arable land in areas of high biodiversity and water stress is eased. As opposed to agricultural carbon emissions, which have global impacts, biodiversity and water issues have a strong local and regional significance. Regulatory frameworks aiming to protect these regions should be forward looking to detect and shield vulnerable areas from future threats. Other changes affecting global agriculture and trade, for example, sustainable aviation fuels in the US or the European Farm-to-Fork policy, need to be anticipated for effective policies in Latin America.</p>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"1039-1050"},"PeriodicalIF":2.0,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/agr.21965","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141584725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Russian invasion of Ukraine in February 2022 had profound consequences for the global economy. As both countries are major commodity exporters, the food value chain was also affected. This study investigates the impact of the invasion on stock prices, profitability and sentiments of agribusinesses along the food supply chain by using an event study, financial data, and a sentiment analysis of annual reports. Overall, the findings show that firms in the food value chain were negatively impacted, with regional and sector‐specific differences. Agribusiness firms in Europe and Japan were more negatively impacted by the war than those in the United States. Stock prices of Brewers, Packaged Food and Meats, Soft drinks, and Tobacco firms were negatively impacted by the invasion, while other sectors experienced no or little impact on stock prices. Fertilizers and Agrochemicals firms overall achieved a higher profitability in 2022 compared to previous years. [EconLit Citations: G01, G12, E44, Q01].
{"title":"The impact of the Russia–Ukraine war on stock prices, profits and perceptions in the food supply chain","authors":"Julia Höhler, Ivo Harmens, Alfons Oude Lansink","doi":"10.1002/agr.21964","DOIUrl":"https://doi.org/10.1002/agr.21964","url":null,"abstract":"The Russian invasion of Ukraine in February 2022 had profound consequences for the global economy. As both countries are major commodity exporters, the food value chain was also affected. This study investigates the impact of the invasion on stock prices, profitability and sentiments of agribusinesses along the food supply chain by using an event study, financial data, and a sentiment analysis of annual reports. Overall, the findings show that firms in the food value chain were negatively impacted, with regional and sector‐specific differences. Agribusiness firms in Europe and Japan were more negatively impacted by the war than those in the United States. Stock prices of Brewers, Packaged Food and Meats, Soft drinks, and Tobacco firms were negatively impacted by the invasion, while other sectors experienced no or little impact on stock prices. Fertilizers and Agrochemicals firms overall achieved a higher profitability in 2022 compared to previous years. [EconLit Citations: G01, G12, E44, Q01].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"7 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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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