Price volatility of Polish agricultural commodities in the view of the Common Agricultural Policy

Bórawski, Piotr; Belłdycka-Borawska, Aneta; Dunn, James W.

doi:10.17221/138/2016-agricecon

Cited by 13 publications

(14 citation statements)

References 16 publications

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“…The competitiveness of Polish agricultural holdings, including cattle and dairy farms, has been broadly analysed in the domestic literature (Sass 2017;Wilczyński and Kołoszycz 2017;Bórawski et al 2018;Parzonko 2018;Ziętara and Adamski 2018;Kołoszycz and Świtłyk 2019). The relevant studies differ mainly in the analysed period, sources of data, and the applied methodology.…”

Section: Farm Competitiveness In Economic Theory and The Underlying Factorsmentioning

confidence: 99%

“…The underlying factors can be internal (productive potential and the ability to harness that potential) and external (outside the farmer's direct influence). According to Bórawski et al (2018), the scale of production continues to be the main determinant of agricultural competitiveness. Large-scale production is generally associated with more efficient use of agricultural resources.…”

Section: Farm Competitiveness In Economic Theory and The Underlying Factorsmentioning

confidence: 99%

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Competitiveness of Polish dairy farms in the European Union

Parzonko¹,

Bórawski²

2020

Agric. Econ. - Czech

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This article analyses the competitiveness of dairy farms in Poland in relation to selected EU countries. The competitive advantage of dairy farms was evaluated and compared based on remuneration for family labour. Two variants of the above indicator were calculated: (1) Remuneration for family labour (FL1) as the relationship between farm net income and the farmer’s unpaid labour input, and (2) Remuneration for family labour (FL2) as the relationship between farm net income minus the opportunity costs of own land and capital to the farmer’s unpaid labour input. The calculations were performed based on EU FADN (European Union Farm Accountancy Data Network) data for an average dairy farm in 2005, 2010 and 2016. The study revealed the highest average remuneration for family labour (FL1) in Irish and German dairy farms. The value of the second indicator (FL2) was also highest in Germany, followed by France. The analysis produced interesting results regarding dairy farms in Denmark and the Netherlands which were characterised by the highest scale of production in the evaluated period (high net value added), but very low farm incomes and remuneration for family labour. The study revealed that Polish dairy farms were characterised by average competitiveness relative.

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Section: Farm Competitiveness In Economic Theory and The Underlying Factorsmentioning

confidence: 99%

Section: Farm Competitiveness In Economic Theory and The Underlying Factorsmentioning

confidence: 99%

Competitiveness of Polish dairy farms in the European Union

Parzonko¹,

Bórawski²

2020

Agric. Econ. - Czech

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“…This is often cited as a justification for a protectionist market policy, the result of which is an extensive system of regulations (Hamulczuk 2013). Agricultural commodity prices increased in the European Union as the result of greater demand after accession new member states in 2004 (Borawski et al 2018, Borawski et al 2019. The proper approach is to analyse the price trends at all levels of the agribusiness chain.…”

mentioning

confidence: 99%

“…Previously, farmers in the EU countries with overproduction had to pay fines. New regulations since 2015 allow for the signing of production contracts between farmers and raw milk collectors (Borawski et al 2018).…”

mentioning

confidence: 99%

Milk price changes in Poland in the context of the Common Agricultural Policy

Bórawski¹,

Guth²,

Truszkowski³

et al. 2020

AGR ECON-CZECH

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Changes in the retail prices of pasteurised milk, purchase prices, and the price relationship between retail prices for pasteurised milk and other food products are analysed for Poland during the period from 2004–2018. In addition, the paper presents factors affecting changes in milk prices in Poland and characterises the Common Agricultural Policy (CAP) on the milk market. The adoption of a long period of analysis allows for the study of periods of both high and low variability. The data analysis uses various methods including the Augmented Dickey-Fuller (ADF) test and the Autoregressive-Moving-Average Model (ARMA). The milk market showed significant response because it was one of the few that was strongly administered by the European Union. These policies led to a significant increase in milk prices in the analysed period. The average price of pasteurised food milk increased by 63% in 2003–2015, and the purchase farm price of milk increased by 91.74%. The situation changed when the production limits were eliminated after 2015. In the initial period after quotas ended, the price of milk decreased and then increased. Similar changes were observed in other EU countries. Even short-term fluctuations associated with economic crises did not significantly affect the milk market.

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“…The main role of the CAP is to ensure food stability for the European population (Alexandri 2011). In addition, it has to adjust the market in order to avoid price perturbation (Bórawski et al 2018).…”

mentioning

confidence: 99%

Analysis of meat price volatility and volatility spillovers in Finland

Abdallah¹,

Fekete-Farkas²,

Lakner³

2020

Agric. Econ. - Czech

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Unforeseen important changes in price can present a significant risk in the market. The price fluctuation of agricultural commodities has raised concern for studying the volatility of different agricultural products. A persistent volatility in prices causes continued uncertainty in the market. Higher price volatility is to be mitigated by higher management costs and the higher cost of risk mitigation is often converted into higher producer prices. The aim of this paper is to investigate the price volatility of producer and consumer meat prices and to capture the volatility spillover along the Finnish meat supply chain. The Generalised Autoregressive Conditional Heteroskedasticity – Baba, Engle, Kraft and Kroner (GARCH-BEKK) model is applied to analyse shocks and volatilities of the prices and to estimate whether the price volatility is flowing from the first price level (producer) to the second price level (consumer), using monthly price indices. An asymmetric volatility spillover effect was detected in the poultry meat and a unidirectional, volatility spillover effect, from consumer to producer, is observed for pork prices. The findings of this study could serve as a tool for forecasting meat producer and consumer prices, which could assist the Finnish government with endorsing policy options to alleviate the price volatility impact, to protect both consumers and producers from its negative effects.

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Price volatility of Polish agricultural commodities in the view of the Common Agricultural Policy

Cited by 13 publications

References 16 publications

Competitiveness of Polish dairy farms in the European Union

Competitiveness of Polish dairy farms in the European Union

Milk price changes in Poland in the context of the Common Agricultural Policy

Analysis of meat price volatility and volatility spillovers in Finland

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