Naslov
Price risk management and challenges for arable crop farmers

Autori
Njavro, Mario ; Radić, Tajana ; Čop, Tajana

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
57th Croatian & 17th International Symposium on Agriculture Book of Abstracts / Majić, Ivana ; Antunović, Zvonko - Osijek : Fakultet agrobiotehničkih znanosti Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2022, 105-105

Skup
57. hrvatski i 17. međunarodni simpozij agronoma

Mjesto i datum
Vodice, Hrvatska, 19.06.2022. - 24.06.2022

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
price risk ; arable crops ; hedging ; uncertainty ; grain markets

Sažetak
Price volatility of both output and agricultural inputs has been threatening business results in arable crop production in 2022 due to the inflation and higher prices of the oil and gas. In the meantime, war in Ukraine brought huge disturbances in supply chains. It might have long term consequences on the global market, farmers’ income and food security. Price risk management encompass strategies like contracting or outgrowers schemes and hedging on the commodity markets. In the current situation, ex-post measures crises management applied mostly by governments and EU are the certainty. It includes activation of emergency stocks of food, export bans and financing autumn sowing to mention just a few. The goal of the paper is assessment of price risk in grains and industrial crops. Monte Carlo simulation will be applied in order to measure consequences of price movement on the business results in a couple of scenarios on the selected crops (wheat, maize and soybean). Data from national statistics and World crop forecasts will be used. The price risk management strategies will be recommended based on the qualitative approach. The emphasis will be on hedging on the commodity markets by use of futures and options since involvement of Croatian farmers in the use of exchange instruments is insignificant. The paper analyses policy measures (announced and those already implemented in Croatia and EU) and their eff ects on macroeconomic situation.

Izvorni jezik
Engleski

Znanstvena područja
Poljoprivreda (agronomija), Ekonomija

POVEZANOST RADA