Some possible scenarios of Polish agri-food trade development are presented in the paper. Global Trade Analysis Project (GTAP), a computable general equilibrium model, was used to make some trade forecasts. The analysis showed that escalation of agricultural trade liberalization can result in a...

Mark-up plays nowadays the major role in plenty of DSGE models, and defining its cyclicality is one of the most demanding challenges in macroeconomics. The aim of the article was to measure price-cost margins (PCM) used as a proxy for mark-ups and their variation in the EU countries food...

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

This report presents State-level corn production cost and return estimates for the 1991 production year, along with coefficients of variation for each cost item. Per-acre costs are highly variable among States due to differences in production practices, inputs, and type and size of machines used...

While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...