This study examines individual commodity futures price reaction to large one day price changes, or "shocks". The mean-adjusted abnormal return model suggests that investors in 6 of the 18 commodity futures, examined in this study, either underreact or overreact to positive surprises. It also...

Following the move from a situation of stable, administratively determined prices and production linked subsidies to freely moving prices and decoupled subsidies, risk is of increasing concern within the EU agricultural sector. Also, significant increases in global market prices have further...

This research locates a series of risks or hazards within a framework characterised by the level of control respondents believe they have over the risks, and the level of worry the risks prompt. It does this for a set of both food and non-food risks. The means by which this is done is novel, and...

This study empirically investigates the cost-effectiveness of different agri-environmental policy instruments. We compare the Environment Stewardship Scheme (ESS) as an example for a management agreement type instrument, to the Nitrate Vulnerable Zones (NVZ) as an example for a...

ADEME (the French national environmental and energy agency) develops tools in order to measure farm energy performance. The actual measurement is based on the total amount of energy consumed by farmers. The main objective of this paper is to propose an alternative method that can be used in...

Innovation is essential for agricultural and economic development, especially in today’s rapidly changing global environment. While farmers have been recognised as one of the key sources of innovation, many studies on agricultural innovations continue to consider farmers as adopters of...

New econometric and statistical techniques have been used in recent years to provide with exchange rates forecasting models that can statistically outperform a random walk. In particular, a model that uses the term structure of forward premia into a regime-switching vector error correction model...

Crop insurance is widely used on major crops raised in the Northern Plains. Prospective reductions in the crop insurance premium subsidy are commonly expected to result in lower use of insurance. Corn and soybean producers in South Dakota responded to the shift in subsidy levels beginning in...

Food markets are increasingly characterized by an array of quality assurances with respect to credence attributes, reflecting a growing interest in where food comes from and how it is produced. The provision and signalling of these credence quality attributes includes both public and private...

This paper examines the relationship between uncertainty and investment decisions by food and non-food firms. Using hysteresis and the real options paradigm, we review why uncertainty might cause firms to delay investment. In particular, our model looks for a negative relationship between...