Zur Umsetzung der aktuellen EU-Agrarreform hat die deutsche Agrarministerkonferenz beschlossen, dass zukünftig kleinere Betriebe und Hofnachfolger durch besondere Zulagen begünstigt werden sollen. Infolge der regional sehr heterogenen Agrarstruktur ergeben sich hieraus erhebliche...

For quite some time long-only index funds have been suspected of being responsible for price increases in agricultural futures markets. This suspicion has prompted demands to drastically limit long-only index funds' scope of activity. Such demands and their underlying diagnoses, however,...

Long-only-Indexfonds stehen seit geraumer Zeit unter Verdacht, für die Preisanstiege an landwirtschaftlichen Warenterminmärkten verantwortlich zu sein. Hieraus wird die Forderung abgleitet, den Aktivitätsradius dieser Indexfonds drastisch einzuschränken. Allerdings stehen solche Forderungen...

This paper aims to identify drivers of physical capital adjustments in agriculture. It begins with a review of some of the most important theories and modelling approaches regarding firms’ adjustments of physical capital, ranging from output-based models to more recent approaches that consider...

This paper analyzes spatial competition on land rental markets. It contributes to the small body of literature that investigates the optimal spatial price policy under competition and extents previous work by considering economies of size. Because the consideration of increasing or decreasing...

In this paper, option-pricing theory is applied to an investment problem in hog production. A stochastic simulation model capable of pricing American-type options is developed. This is achieved by recursive calculation of the exercise frontier. The model is used to determine the investment...