Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical...

The study is devoted to the comparative static analysis and econometric estimation of farm household decisions under both standard and agricultural taxes. Accounting for labor market constraints a non-separable model is constructed implying increasing per-unit costs of accessing labor markets....

Analytical results in the literature suggest that counter-cyclical payments create risk-related incentives to produce even if they were "decoupled" under certainty (Hennessy, 1998). This paper develops a framework to assess the risk-related incentives to produce created by commodity programmes...

This paper develops a method for decomposing changes in agricultural producer prices. The method builds on a procedure used by the World Bank, with the key variables in the decomposition being trade prices, exchange rates, and agricultural trade policies. The main ways by which we expand on the...

A central problem in estimating per unit costs of production originates from the fact that most farms producemultiple outputs and standard farm-accounting data are only available at the whole-farm level. The seeminglyunrelated regression (SUR) approach is used to estimate per unit production...

The fruit and vegetable industry does not have a risk management instrument or a well-structured price discovery system, such as commodity futures contracts, to aid in the marketing and management of its price risk. Since the 1980s, financial futures contracts based on indexes of stocks,...

The financing of agricultural producers is one of the most acute problems along the entire scope of economic reforms in Kazakhstan. The issue is: What kind of financial sources could maintain the development of agricultural production? Internal sources such as profit, depreciation capital, and...

The issue of optimal company size as well as related efficiency issues have always been a great dilemma for scientists and professionals alike. It is now evident that a bigger size would not result in greater efficiency for all activities.As a result of my research, I point out that to achieve...

This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has...

On the verge of EU accession, Poland’s agricultural sector is characterised by anumber of distinct structural weaknesses, which are a major reason for the unsatisfactoryincome situation of rural households. Among these weaknesses are thatfarm productivity is substantially below EU standards,...