In recent years, the possibility of increasing production of legumes, whose area of cultivation has decreased, is being considered. It has been influenced by the yield variability which adversely affected the profitability of these plants cultivation. This paper attempts to assess the risk in...

The paper presents an analysis of wheat yields variability in the voivodeships of Poland. The main aim of the study was to find out what are the statistical relationships between the wheat yield variability and the following factors: arable area, size of wheat production area, share of arable...

An increased volatility of agricultural products' prices, observed in recent years, has caused a greater exposure of market participants to the market risk. The main goal of this article is to estimate the volatility of price returns in the grain legumes grown in Poland and the ground soybean...

Observed increased volatility of world commodity prices causes an increase of risk exposure. Thus market participants can not achieve the desired value of their goal function. The aim of this research was an assessment of wheat prices volatility in selected EU member states. Results of the...

The paper presents an analysis of the wheat yields variability in voivodeships of Poland. The main aim of the study is to present several possible indicators for the crop variability in the context of production risk. It is found that ignoring the long-term yield trends leads to a serious...

A model of the economic appraisal of flood protection projects using the NPV indicator is presented with a recent enlargements concerning economic valuation of casualties and psychological losses in victims’ well-being. This year’s series of big floods in Poland has made this topic come back...

Agricultural insurance is one of the financial tools that agricultural producers can potentially use to cope with increasing risks in their activity. Experiences accumulated on insurance markets demonstrate that the development of a proper agricultural insurance product can not be reached...

This paper presents a study of the global commodity exchange market and identifies trends and direction of development of this institution in the world. It was found that the commodity exchanges were subject to significant changes resulting from the development of the economy and the needs of...

The processes of economic globalization and liberalization of international trade cause an exposure of the agricultural producers activities to increasing risk, including that related to price volatility. This requires development and implementation of a wider range of risk management...

This paper studies the role of speculators in explaining agricultural commodity price movements. The spikes in global agricultural commodity prices in 2007-2008 and 2010 2011 have opened a debate on the contribution of speculation to recent food price volatility. Most academic literature does...