The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?

Bellmann, Christophe; Hepburn, Jonathan

doi:10.4000/poldev.2384

Cited by 15 publications

(14 citation statements)

References 9 publications

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“…First, joining the World Trade Organization (WTO) in 2001 greatly improved China's international market accessibility (Arnade et al, 2017;Garred, 2018), which not only enabled China to export more labor-intensive agricultural products, but also exposed its domestic grain market to the international market (Hertel et al, 2007). Since 2012, the international grain price has been dramatically declining (Bellmann and Hepburn, 2017), posing a significant challenge to Chinese domestic grain producers (Zhou and Koemle, 2015).…”

Section: Background and Analytical Framework 21 Grain Price Decline In Chinamentioning

confidence: 99%

Price decline, land rental markets and grain production in the North China Plain

Wang

Fan

et al. 2020

CAER

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PurposeThis study examines the heterogeneous correlations between rural farmers' land renting behavior and their grain production when they experienced a significant price decline.Design/methodology/approachWe used well-timed panel data obtained from a two-round survey held in 2013 and 2017 among 621 households in the North China Plain. The empirical analyses were conducted by using the pooled ordinary least squares (OLS) and fixed effects models.FindingsRural tenants were having heterogeneous responses in land renting behavior and agricultural production when there was a price decline. A group of optimistic tenants (as professional farmers) were more likely to enlarge the farm scale for grain production through land rental markets but decrease variable investment levels (and subsequently decreased productivity) to cope with price decline. In contrast, nonprofessional farmers (the other rural tenants) were rather pessimistic about market performance, and they significantly decreased their grain production area to cope the price decline, but there was no decrease in grain productivity through reducing variable inputs.Originality/valueThis study contributes to the extant literature on the relationship between farmers' land renting-in behavior and agricultural production. By dividing the tenants into professional and nonprofessional farmers, we argue that there is a significant heterogeneous correlation between rural tenants' land renting behavior and grain production when farmers experience a price decline.

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Section: Background and Analytical Framework 21 Grain Price Decline In Chinamentioning

confidence: 99%

Price decline, land rental markets and grain production in the North China Plain

Wang

Fan

et al. 2020

CAER

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“…It is not clear how this would be done. However, the work of Bellmann and Hepburn () indicates that the extent of protection provided to agriculture has dramatically increased since 2012. This indicates that it is likely that policies that reduce the protection of food grain production (especially rice) are likely to have the greatest effect in terms of keeping food costs low.…”

Section: Discussionmentioning

confidence: 99%

Industrialization and deindustrialization in Indonesia

Grabowski

Self

2020

Asia & Pacific Policy Stud

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“…Simultaneously, in the agricultural sector, the costs of production accrue because of the growing prices of fodders, fertilizers, pesticides, and services for agriculture, which are relatively stiff in the period of recession. (Bellmann and Hepburn, 2017). An increase in the manufacturing cost levels out the positive effects of the higher prices of agricultural production.…”

Section: Factors That Are Responsible For the Agricultural Marketsmentioning

confidence: 99%

Conditions of Agriculture Compared to Economic Growth in Selected Countries

Szczepańska-Przekota¹

2020

ERSJ

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The Decline of Commodity Prices and Global Agricultural Trade Negotiations: A Game Changer?

Cited by 15 publications

References 9 publications

Price decline, land rental markets and grain production in the North China Plain

Price decline, land rental markets and grain production in the North China Plain

Industrialization and deindustrialization in Indonesia

Conditions of Agriculture Compared to Economic Growth in Selected Countries

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