scholarly journals Finding the Appropriate Model to Evaluate the Price Indices of Domestic Agricultural Production in EU24

2020 ◽  
Vol 5 (6) ◽  
Author(s):  
Joel Chiadikobi Nwaubani ◽  
Adanma Ngozi Ohia ◽  
Christiana Uzoma Ezechukwu ◽  
Peace Opara ◽  
Chinwe Adaugo Uzokwe ◽  
...  
Keyword(s):  
Agricultural Production ◽  
Agricultural Products ◽  
Price Indices ◽  
Association Model ◽  
Member States ◽  
Model Calculations ◽  
Producer Price ◽  
Agricultural Prices ◽  
Agricultural Price ◽  
Best Fit

The structure of the European Union producer price indices, nominal total agricultural production varies from one country to another. The EU agricultural price indices involve the index of producer prices of agricultural products and the index of purchase prices of the means of agricultural production. The purpose of agricultural price indices is to unveil trends in the prices of individual agricultural products and purchase prices of the means of agricultural production. Moreover, the objective of the applying statistics on agricultural prices is to make comparisons between member states and also for economic analyses. Absolute agricultural prices are needed for many model calculations and for the ascertainment of price elasticity. The means through which these objectives could be achieved are believed to be when the absolute prices are compared between the member states, and also, when the products for which the prices from the respective member state are to be recorded for economic relevance. These objectives are not always compatible and sometimes require some compromise. In this study, we evaluate the price indices of domestic agricultural production as a whole in the EU24, using the most accurate association model of the Categorical Data Analysis. Figures from the Eurostat office calculated on annual base year from 2005-2017 were used to analyse this study. Since the main focus is to have a better understanding of producer price indices, nominal total domestic agricultural production, the analysis of association table (ANOAS) is given in order to ascertain the percentage of the data which is covered by each model. We find and estimate the association model with the best fit and in conclusion we find out that the Row-Effects Association Model (R) has the best fit because it covers 93% of the data, thereby giving the best fit among all.

scholarly journals   Producer price disparities in the EU agriculture: divergence or convergence?

2012 ◽  
Vol 58 (No. 8) ◽  
pp. 367-371
Author(s):  
H. Ucak
Keyword(s):  
Commodity Markets ◽  
Agricultural Products ◽  
Theoretical Research ◽  
Price Convergence ◽  
Aggregate Level ◽  
Member States ◽  
Producer Price ◽  
Eu Member States ◽  
Agricultural Price ◽  
The Eu

The issue of price disparities in the EU commodity markets has given rise to a fair amount of empirical and theoretical research. Price convergence studies were generally on the aggregate level, and investigated the convergence of inflation among countries. This study aims to investigate the convergence of agricultural price disparities among the EU member states, based on different individual agricultural products. The analysis shows the existence of agricultural price convergence among the EU member states since 1991, even including some countries were not members of the EU. Furthermore, the speed of convergence differs among agricultural products and also between the sub-periods as 1991–2000 and 2000–2008.

Tomato Prices Time Series Prediction Model Based on Wavelet Neural Network

2014 ◽  
Vol 644-650 ◽  
pp. 2636-2640 ◽  
Author(s):  
Jian Hua Zhang ◽  
Fan Tao Kong ◽  
Jian Zhai Wu ◽  
Meng Shuai Zhu ◽  
Ke Xu ◽  
...  
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Prediction Model ◽  
Agricultural Production ◽  
Supply And Demand ◽  
Time Series Prediction ◽  
Wavelet Neural Network ◽  
Agricultural Products ◽  
Price Model ◽  
Agricultural Prices

Accurate prediction of agricultural prices is beneficial to correctly guide the circulation of agricultural products and agricultural production and realize the equilibrium of supply and demand of agricultural area. On the basis of wavelet neural network, this paper, choosing tomato prices as study object, tomato retail price data from ten collection sites in Hebei province from January, 1st, 2013 to December, 30th, 2013 as samples, builds the tomato price time series prediction model to test price model. As the results show, model prediction error rate is less than 0.01, and the correlation (R2) of predicted value and actual value is 0.908, showing that the model could accurately predict tomatoes price movements. The establishment of the model will provide technical support for tomato market monitoring and early warning and references for related policies.

Statistical Analysis of Hainan Farmer Household Consumption Structure Based on Factor Analysis

2014 ◽  
Vol 644-650 ◽  
pp. 5580-5585
Author(s):  
Meng Shuai Zhu ◽  
Jian Hua Zhang ◽  
Sheng Wei Wang ◽  
Jian Zhai Wu ◽  
Chen Shen ◽  
...  
Keyword(s):  
Agricultural Production ◽  
Supply And Demand ◽  
Time Series Prediction ◽  
Retail Price ◽  
Hebei Province ◽  
Agricultural Products ◽  
Price Model ◽  
Agricultural Prices ◽  
Market Monitoring ◽  
Monitoring And Early Warning

Accurate prediction of agricultural prices is beneficial to properly guide the circulation of agricultural products and agricultural production and realize the equilibrium of supply and demand of agricultural area. On the basis of wavelet neural network, this paper, choosing tomato prices as study object, tomato retail price data from ten collection sites in Hebei province from January 1, 2013 to December 30, 2013 as samples, builds the tomato price time series prediction model to test price model. As the results show, model prediction error rate is smaller than 0.01, and the correlation (R2) of predicted value and actual value is 0.908, showing that the model could accurately predict tomatoes price movements. The establishment of the model will provide technical support for tomato market monitoring and early warning and references for related policies.

scholarly journals International Dimension of Agricultural Prices

1974 ◽  
Vol 6 (1) ◽  
pp. 11-23 ◽  
Author(s):  
Arthur B. Mackie
Keyword(s):  
World Market ◽  
Agricultural Products ◽  
Agricultural Economy ◽  
Agricultural Prices ◽  
International Dimension ◽  
Foreign Demand ◽  
The Past ◽  
The World ◽  
Agricultural Price ◽  
Single World

Events of the past two years, specifically the agricultural price explosion of 1973, have strongly emphasized the growing interdependency of countries in the production, consumption and trade in agricultural products. The illusion of a closed agricultural economy has been dealt a series of severe blows. The world monetary crisis, the dollar devaluations, and sharply increased foreign demand for U.S. commodities have suggested that there is a single world market for basic commodities.

scholarly journals Long term supply elasticities: a case study for Finland

1984 ◽  
Vol 56 (3) ◽  
pp. 163-174
Author(s):  
Lauri Kettunen
Keyword(s):  
Least Squares ◽  
Agricultural Production ◽  
Rapid Change ◽  
Ordinary Least Squares ◽  
Agricultural Products ◽  
Autoregressive Models ◽  
Producer Price ◽  
Econometric Methods

Long term supply elasticities for basic agricultural products are needed for forecasting and planning of agricultural production. Despite many econometric studies on supply elasticities in Finland, so far no coherent analysis covering all products has been made. This shortcoming is the background for this study. Ordinary least squares were first used to estimate the elasticities, but since the residuals were in many cases autocorrelated, autoregressive models were also applied. The fit of the models did not improve much, but the autocorrelation disappeared, particularly when second order models were estimated. The long term supply elasticities seem to be small in general, a fact which also corresponds to expectations and earlier studies. The estimation of cross elasticities was not very successful and only one or two variables in addition to the producer price of the product concerned, could be included in the models. The estimation of supply elasticities proved to be sensitive to the inclusion of a new variable or a new observation. This may be due to the small number of observations or due to the rapid change in supply conditions which may be difficult to explain by econometric methods.

scholarly journals Evaluation of producer inflation, subsidies and profitability of vegetables and grains in Sinaloa, 2018-2019

2021 ◽  
Vol 14 (3) ◽  
Author(s):  
C. G. Borbón-Morales ◽  
Miguel A. Martínez-Téllez ◽  
EDGAR OMAR RUEDA PUENTE
Keyword(s):  
Agricultural Production ◽  
Price Index ◽  
Marketing Channels ◽  
Agricultural Products ◽  
Internal Rate Of Return ◽  
Producer Price ◽  
Lorenz Curves ◽  
Income Transfers ◽  
Agricultural Producer ◽  
Chili Peppers

Objective: To evaluate producer inflation, equity in PROCAMPO subsidy distribution, as well as profitability of eight agricultural products in the state of Sinaloa, 2018-2019 cycle.Design/Methodology/Approach: First, inflation is estimated in the value of agricultural production, using the agricultural producer price index (INPP) base 2019. Second, the inequality in the allocation of PROCAMPO is calculated with Lorenz curves. Third, the internal rate of return (IRR) is estimated for the eight products and compared with the 28-day yield of the treasury certificates (CETES).Results: The current values generated show growth in cereals (corn, wheat), and vegetables (tomato, chili peppers), with downward inflationary gaps in the period 2000-2019. There is a concentration of the PROCAMPO allocation in producerswith high income deciles. The IRR is high in vegetables, and low in corn and beans.Study Limitations/Implications: This study does not specify the size of the productive unit and only the data is generalized. It does not address marketing channels and their destinations.Findings/Conclusions: The producer is assuming the inflationary increase. Income transfers via PROCAMPO areinequitable. The IRR in corn and beans is sometimes less profitable than CETES.

External economic safety agricultural producers of member states of eeu

2019 ◽  
Vol 39 (2) ◽  
pp. 163-171 ◽  
Author(s):  
V. V. Bessonov
Keyword(s):  
Agricultural Production ◽  
The State ◽  
Agricultural Products ◽  
State Support ◽  
Agricultural Producers ◽  
Member States ◽  
Production Development ◽  
Target Values ◽  
Fruit Growing ◽  
Domestic Breeding

During the research theoretical provisions on the external economic safety at the national and supranational levels in the conditions of integration are added. In article the problems in agricultural production development leading to emergence of threats to security of member states of EEU are systematized. On the example of development of subsector of gardening the dynamics of the prices of products of a ploovodstvo, import of landing material and products of fruit growing is shown. The revealed threats can lead to closing of the markets for the Russian agricultural products that limits achievement of target values of volume of export. The directions of support of export of agricultural products in the EEU countries, the used financial and non-financial instruments of support are analysed. For creation of equal conditions of managing agricultural producers in EEU need to unify forms and methods of the state support on pricing, insurance, subsidizing, investment and to improve them. In the conclusion in relation to subsectors of agriculture measures for decrease in level of unauthorized export, the state support of purchase only of domestic breeding and selection production, strengthening of control of an epizootic situation and quarantine measures, to regulation of seasonal deliveries of products are proposed.

The impact of exchange rate on price and export of agricultural production

2018 ◽  
Vol 1 (4) ◽  
pp. 9-18
Author(s):  
Rasulov Tulkin Sattarovich ◽  
Khushvaktov Kuvonchbek Ravshanovich
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Agricultural Production ◽  
Global Economy ◽  
Agricultural Economics ◽  
Agricultural Products ◽  
Pivotal Role ◽  
Price Formation ◽  
International Trade Laws ◽  
The Impact

In today’s world of swiftly increasing global economy and continuously changing international trade laws and technology exchange rate plays a pivotal role in the production, price formation, export and import of agricultural products. For many years exchange rate as an integral part of agricultural economics has been ignored. The present study was intended to investigate exchange rate as an impacting factor on the agricultural production. It also considers the researches that have been carried about the impact of the exchange rate on prices and export of agricultural products, theirs analyses and how much impact it has in the situation of Uzbekistan.

Prospects for increasing the volume of agricultural production for export due to the expansion and intensification of the use of Russian land resources

2021 ◽  
pp. 40-47
Author(s):  
Gennadiy A. Polunin ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Land ◽  
Arable Land ◽  
Agricultural Products ◽  
Land Resources ◽  
The Past ◽  
Federal Districts ◽  
Near Future

The article is devoted to substantiating the prospects for increasing the marginal volumes of agricultural production for export in the next four years. Two scenarios of such production are considered: 1) expansion and 2) intensification of the use of land resources. As part of the development of the first scenario, an analysis of the distribution of unused agricultural land, including arable land, by federal districts was carried out. Also, based on the forecast of the introduction of additional annual volumes of acreage in the subjects of the Federation, the calculation of additional volumes of agricultural production, which can be expected in the next four years, was carried out. The analysis of data on the increase in the yield of export-oriented crops over the past five years has been carried out, in the framework of the second scenario, the calculation of the projected additional yield due to the intensification of agriculture is presented. The results of the study indicate that the intensification of agriculture will have the greatest impact on the growth of production and export of agricultural products in the near future.

AGRICULTURE: THEORY AND CASE LAW

2018 ◽  
Author(s):  
Оlena Stefan ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Land ◽  
Agricultural Research ◽  
Direct Analysis ◽  
Case Law ◽  
Agricultural Products ◽  
Agricultural Activity ◽  
Narrow Sense ◽  
Economic Entity ◽  
And Training

The article, based on a comprehensive analysis of regulations, doctrinal approaches and case law, substantiates the understanding of the term "agriculture" in terms of purpose (use) of land. Direct analysis of regulations revealed that agricultural land is land provided for agricultural production, agricultural research and training activities, location of relevant production infrastructure, including infrastructure of wholesale markets for agricultural products, or intended for these purposes. In turn, the purpose of the land is the permissible limits of land use by citizens and legal entities (acquirers of such a right) established by law and specified by the relevant body (which transfers such land into ownership or use). The basis for determining the purpose of the land is its belonging to the appropriate category. The main criterion, for example, to distinguish agricultural production (agricultural activity) from other activities is the use of agricultural land as the main (basic) means of production. As a result of the study, it was concluded that the term "agriculture" can be understood in its broad and narrow sense. In a broad sense, the term "agriculture" is the use of land for commercial agricultural production, farming, personal farming, subsidiary agriculture, individual and collective gardening, haymaking and cattle grazing, for research and training purposes, provision of services in agriculture, placement of infrastructure of wholesale markets for agricultural products, as well as other activities on agricultural land, depending on the activities provided by law and the constituent documents of the economic entity. In a narrow sense – this is the purpose of agricultural land. The understanding of the term "agriculture" as the purpose of agricultural land is used by the court in resolving disputes.

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