The objective of this study is to estimate the economic cost of droughts on soybean production in Argentina. By means of a linear model, extreme negative deviations in soybean yields during 1970-2016 are identified. It was found that in all cases extreme deviations in yields are related to severe and extreme droughts according to the palmer index. Constructing a counterfactual scenario and by means of the international soybean price, the economic loss is valued. It was found that in the aggregated sample the income loss due to drought events was of $8.046 million in dollars of 2016, equivalent to 22% of Argentinean international reserves of that year.
Is the interest rate more important than inventories? The case of agricultural commodities in the context of the financialization process Abstract: In the context of the "Asian economic miracle ", changes in commodity prices between 2004 and 2014
Disponible en www.sciencedirect.com www.cya.unam.mx/index.php/cya Riesgo de precio en commodities: ¿profundización en la sensibilidad de precios agrícolas ante shocks de tasa de interés?
This paper presents an evaluation of the economic cost of precipitation shortage in the production of lamb in Extremadura. Given that the production strategy is based on maintaining a productivity target by supplementing natural pastures in contexts of water scarcity, the approach will be based on the analysis of the cost structure of the sector. A monetized cash flow model will be presented, which allows us to evaluate economic impacts through a financial perspective. The study focuses on a set of 1583 farms associated into the cooperative EA Group. These members have a total of 804,000 animals, which represents more than 40% of total sheep in Extremadura. Results shows a relation between precipitation minimums and feed quantity maximums of the series analyzed. Mayor direct impact is represented by an increase in feed supplementation needs, with an economic estimation of 54 million euros over two years for the whole sector. At the farm level, there is an average reduction of profits of 50% in the case of owned land, and bankruptcy in the case of renting land. In the context of data-driven policy making, this estimate provides a tool for European Policy funding negotiation a in sector which is considered as highly strategic because of its positive impacts on the environment, the generation of employment and maintenance of rural populations in marginal areas and for the production of high-quality food with a minimal use of natural resources.
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