This paper presents an analysis of agricultural contracts using a transaction costs approach. We contend that in a context of modern agriculture, with well defined property rights, agricultural contracts must balance costs and benefits, aligning tenant and landlord incentives towards a similar...

It is widely believed that not only a Green Revolution in a crop sector but also a White Revolution in a dairy sector has generated the great momentum of agricultural development in India since the late 1960s. However, due to the dominance of sector-specific analyses, the importance of the...

Certified organic production by small-scale farmers in developing countries is increasingly promoted as an opportunity to access a growing and dynamic market, while at the same time, enhance productivity and improve incomes. Nevertheless, adoption has been limited. The economics literature...

Diversification of consumers’ demand and environmental concerns are at the origin of a trend towards short marketing chains and towards direct links between consumers and farmers in developed countries. This paper explores farmers’ motivations for choosing these types of marketing chains...

This article examines the impacts of monetary policy on agricultural prices in the Hungarian economy using time series analysis. The empirical results indicate that agricultural prices adjust faster to monetary shocks than industrial prices do, affecting relative agricultural prices in the short...

Extreme meteorological events have increased over the last decade and it is widely accepted that it is due to climate change. Some of these extremes like drought or frost episodes largely affect agricultural outputs that could face a serious decline. Therefore, additional efforts on technology...

About 30 percent of the world’s soil carbon is stored in peat soils. Peatland’s functional principle of carbon storage greatly depends on management strategies. Therefore agricultural peatland use becomes a focal point of interest in the current debate on climate protection. Agricultural...

This paper investigates the role of infrastructure capital in China’s regional economic development during 1990 to 2009 in a neoclassical economic growth model. Four types of infrastructure capital are discussed; electricity, road, rail, and land-line telephone. The results support a positive...

This paper analyses the impacts of climate change of food processing sectors worldwide. Specifically, we analyze the impacts that changes in agricultural productivity might have for seven food industry sectors, namely meat, vegetable oils and fats, dairy, sugar, processed rice, other food...

We develop conceptual and process simulation models to determine the probability of a recall and predict its size. We compare the costs of recalls with and without traceability for a ten year planning horizon by simulating the expected recalls caused by Escherichia coli O157:H7 contamination for...