Ready meals contribute to the economic performance of the UK economy. However, in 2020, demand declined due to the COVID-19 pandemic; chilled ready meals declined by 3.6 per cent but frozen and ambient ready meals grew by 10.1 per cent and 5.6 per cent, respectively. This has implications for the...

Land use changes could result in significant climate gains. However, research on the implications of agricultural land use changes for carbon and water footprint for Scotland is lacking. As such, the goal of the present study is to simulate the impact of 5/30 per cent reduction in land allocated...

Over the past twenty years there has 1 been a large inflow of investment capital into commodity futures markets-the financialization of commodities. This chapter analyses the behavior of commodity futures contract returns before and since finalization of the markets. We believe that Professor...

There remains controversy over whether the empirical curve relating intertemporal commodity price spreads and stocks, originally drawn by Holbrook Working in 1933 (i.e., the Working curve), is a valid stylized fact in commodity markets. The core of the controversy is the portion of the curve...

We estimate the marginal returns to spending on Crop Variable Inputs (CVI) (such as fertilizers and crop protection), to explore whether observed spending maximises physical or economic returns to farmers. Data are taken from the Farm Business Survey for 2004-2013, where gross margins and input...

There remains controversy over whether the empirical curve relating intertemporal commodity price spreads and stocks, originally drawn by Holbrook Working in 1933 (i.e., the Working curve), is a valid stylized fact in commodity markets. The core of the controversy is the portion of the curve...

There remains controversy over whether the empirical curve relating intertemporal commodity price spreads and stocks, originally drawn by Holbrook Working in 1933 (i.e., the Working curve), is a valid stylized fact in commodity markets. The core of the controversy is the portion of the curve...

This paper models the interaction of working (also called pipeline) and speculative commodity stocks. We model working inventories (i.e., raw material inventories carried by processors) based on Ramey's (1989) model of inventories as factors of production, which allows us to represent storage...