Purpose – The purpose of this paper is to examine whether Australian agricultural firms display big bath behaviour during droughts by recognising extraordinary and abnormal losses. It is hypothesised that Australian agricultural firms are more likely to report big bath losses in drought years...

This paper examines the effects of decoupling policies on Greek cotton production under the hypothesis that producers face uncertainty about output price and quantity. Using our estimation results we simulate the effects on cotton production under four alternative policy scenarios: the ‘Old’...

Our paper assesses the impacts of the partially decoupled (PD) scheme, implemented during the 1990s and first half of the 2000s in the framework of the Common Agricultural Policy (CAP), on on-farm investment as well as on other production decisions. The Spanish COP sector was taken as a case...

This paper aims at considering policyregimes while studying international price transmissionmechanisms. The focus is on the soft wheat marketbetween the United States and the European Union inthe years 1978-2003. EU domestic and border policiesare expected to play a strong role; a...

While the recent commodity price crisis brings questions regarding the general developement path of the CAP since 1992, this paper envisages returning to Rooseveltian recipes, after modernization.

With the increasing commodity prices volatility over the last years and the successive agricultural policy reforms, European grain producers face greater uncertainty. To better understand consequences of a price risk increase on production decisions, marketing decisionsand farm revenue as well...