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Development in terms of trade for EU-farms in the agri benchmark networks 'Beef and Sheep' as well as 'Cash Crop' compared to key third countries
Project
Project code: TI-BW-08-PID1533
Contract period: 01.05.2011
- 30.04.2012
Purpose of research: Inventory & Assessment
Do prices follow costs? In recent years a significant increase in global agricultural commodity as well as input prices has been experienced – together with an increase in volatility. Against this background, the study aims to shed some light on the evolution of revenues, cost and margins in crop and beef production. More specifically, it will explore to what degree the increase in prices can be attributed to respective increases in cost and whether there is evidence that EU farms were affected differently than non-EU farms. Analysis focused on the two product areas cash crop and beef. The reasons are a) the importance of crop production for European agriculture, b) the extent of border protection which is devoted to beef and c) both commodity areas are well developed within the agri benchmark Network. In the cash crop analysis, the cost structures for typical agri benchmark farms are being used to generate a reference scenario for cost of production according to the prices for inputs which were in place in the period 2000 to 2003. For beef production, the time series of identical typical agri benchmark beef finishing farms were used to address the research questions. Data used are production and price statistics and data from typical farms of the agri benchmark Network for farm level.
Section overview
Subjects
- Crop Production
- Animal Husbandry
- Business administration