Price volatility spillovers between Canadian and US, agricultural and fuel markets

McKnight, Curtis; Qiu, Feng; Luckert, Martin K.; Hauer, Grant

doi:10.1080/17597269.2022.2116770

Cited by 3 publications

(1 citation statement)

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“…Numerous studies have examined the effects of bioenergy production on crop prices, recognising the complex interplay between bioenergy demand, agricultural supply, and market dynamics. Early research by McKnight, Qiu, Luckert, and Hauer (2023) found that increased demand for biofuels, particularly corn-based ethanol in the United States, led to higher corn prices and price volatility. Similarly, Dumortier, Carriquiry, and Elobeid (2021) demonstrated that biofuel mandates and subsidies contributed to higher prices for corn, soybeans, and other feedstocks, impacting livestock producers and food consumers (Omole, Olajiga, & Olatunde, 2024b).…”

Section: Effects On Crop Pricesmentioning

confidence: 99%

Systematic review of the economic impacts of bioenergy on agricultural markets

Jephta Mensah Kwakye,

Darlington Eze Ekechukwu,

Olorunshogo Benjamin Ogundipe

2024

Int. j. adv. economics

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This systematic review examines the economic impacts of bioenergy on agricultural markets, synthesising findings from existing literature across various regions and climatic conditions. Analysing effects on crop prices, land use decisions, and economic sustainability, the review highlights key insights. It identifies common trends, patterns, and divergences. Bioenergy production interacts with agricultural markets through multiple channels, influenced by policy interventions, technological innovation, and market dynamics. Implications for policy, practice, and future research are discussed, emphasising the importance of considering economic factors in bioenergy development and agricultural policy-making. The findings underscore the need for integrated modeling approaches, data improvements, and cross-sectoral collaboration to inform evidence-based decision-making and promote sustainable bioenergy development. Keywords: Bioenergy, Agricultural Markets, Economic Impacts, Crop Prices, Land Use Decisions, Sustainability.

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Section: Effects On Crop Pricesmentioning

confidence: 99%

Systematic review of the economic impacts of bioenergy on agricultural markets

Jephta Mensah Kwakye,

Darlington Eze Ekechukwu,

Olorunshogo Benjamin Ogundipe

2024

Int. j. adv. economics

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Unraveling Turkish agricultural market challenges: Consequences of COVID‐19, Russia–Ukraine conflict, and energy market dynamics

Urak

2023

Agribusiness

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For a significant global segment, the volatility in grain prices presents a substantial menace to food accessibility and security. In the global pandemic and the Russia–Ukraine conflict (RUW), numerous nations were caught off guard, exacerbating this predicament and leading to instances where citizens faced purchasing restrictions on sunflower oil. This study employs the VAR (1)‐Asymmetric BEKK‐Generalized Autoregressive Conditional Heteroscedasticity (GARCH) (1,1) model to assess the extent of risks stemming from the pandemic and RUW in critical Turkish agricultural commodity markets: namely, wheat, barley, corn, and sunflower oil. The analysis reveals that the conditional variances of their return series are positively influenced by short‐ and long‐term uncertainties. With the escalations in the global oil market, the enduring hazards within these selected markets in Türkiye have intensified concurrently. The COVID‐19 pandemic has induced a decrease in long‐term uncertainty within wheat and barley markets, wherein noteworthy spillover risks in the barley, corn, and sunflower oil markets have exacerbated risks in the corn market. Empirical findings imply that COVID‐19 and RUW disrupt the agricultural supply chain, leading to impediments in food provisioning and security. The outcomes provide valuable insights to fortify policies, guarantee consistent access to plant‐based protein, and address nutritional insecurity within the nation. These policy measures align with the initiatives undertaken by the United Nations and Türkiye, which actively engage in establishing a grain corridor to facilitate Ukraine's grain exports, thereby ensuring food security and safeguarding agricultural lands. [EconLit Citations: A1, E3, G1, Q0, Q1, Q2, Q4].

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