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We explore how a changing climate has impacted the valuation of corn and soybeans grown in the U.S. Midwest. Earlier literature has found that corn and soybean output is sensitive to weather in a nonlinear manner: yields benefit for moderate rain and temperatures, and generally suffer under...
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The economic, political and climatic conditions in which farmers around the world have to make their production and … investment decisions are changing dramatically. This study analyses the driving forces of changes in agricultural world markets … agriculture are quantified using of a multi-market-model. The mega-trend of declining world market prices has ended. Since the …
Persistent link: https://www.econbiz.de/10003908766
Extreme weather events can disrupt agricultural markets, but agricultural trade can help address subsequent food security concerns. Using the Aglink-Cosimo model, this stochastic scenario analysis sheds light on the complex relationships between trade and food security in an environment where...
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This paper examines the historical effects of the El Nintilde;o-Southern Oscillation (ENSO) cycle on world prices and … economic activity. The analysis indicates that ENSO has economically-important and statistically-significant effects on world … inflation movements over the past several years. ENSO also has some explanatory power for world consumer price inflation and …
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