Deregulation and the crisis of dairy markets in Europe: facts for economic interpretation

Pouch, Thierry; Trouve, Aurélie

doi:10.1080/07078552.2018.1492216

Cited by 18 publications

(9 citation statements)

References 12 publications

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“…Dairy farmers need to invest to keep their farms in a good condition, maintain competitiveness in the market, increase the rate of technology adoption, and improve labour productivity (Schick and Hartmann, 2005;Pouch and Trouvé, 2018).…”

Section: Resultsmentioning

confidence: 99%

Identification of the needs of primary milk producers in the new common agricultural policy 2021 – 2027

Švikruhová

Kapsdorferová

Kataniková

et al. 2020

Potr. S. J. F. Sci.

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Although Slovakia belongs to the smallest milk producers in the EU, we have to bear in mind the importance of the milk industry for the economy of Slovakia. Current expectations in Slovakia are that primary milk producers are able to produce milk at the lowest possible price, with state support on the same level as in other EU states, processing companies have a good purchasing price for the raw materials, retailers are able to share margins and to increase the market share of Slovak dairy products and last but not least that consumers buy milk and dairy products produced in Slovakia. Milk production in primary production has a profound ecological and social benefit for our countryside but the most important is the contribution of milk and dairy products to human health. The Slovak dairy sector has experienced three dairy crises and one butter crisis in the last ten years, what caused that up to 37% of milk producers in Slovakia cease their production. Currently, there are 401 approved primary milk producers in Slovakia. This sector is in long-term condition weakened by market fluctuation and by previous crises. Slovakia has a large investment debt in this sector. That is why in order of food security and maintaining employment it should be in the interest of the new government to do everything possible to stabilize this sector. Therefore, the primary objective of this scientific paper is to identify the needs of primary milk producers in Slovakia in relation to the strategic objective – to increase the competitiveness of the milk producers. The research aims to transform the voice of primary milk producers into the new programming documents for the upcoming period of the Common Agricultural Policy (CAP) for the years 2021 – 2027.

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Section: Resultsmentioning

confidence: 99%

Identification of the needs of primary milk producers in the new common agricultural policy 2021 – 2027

Švikruhová

Kapsdorferová

Kataniková

et al. 2020

Potr. S. J. F. Sci.

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“…However, both globally and regionally, agricultural markets quickly ran into new problems of overproduction – most notably dairy production in key producing regions as e.g. the EU – from around 2015 ( Pouch and Trouvé, 2018 ). The corona pandemic that spread throughout the world during the spring of 2020 quickly led to a new focus on national food security.…”

Section: The Becoming Of the Norwegian Agricultural Policy Trilemmamentioning

confidence: 99%

The agricultural policy trilemma: On the wicked nature of agricultural policy making

Vik

2020

Land Use Policy

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Highlights The goal structure in agricultural policy may be seen as a certain type of wicked problem – a policy trilemma. Agricultural policy trilemmas are situations where two of three goals contradict the third. The case study of Norwegian agricultural policy demonstrates the analytical fruitfulness of the concept of the “agricultural policy trilemma”.

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“…There is a vast literature on the Common Agricultural Policy (CAP) and its implications for prices of dairy commodities. It mainly focuses on the deregulation of the EU milk market and its effect on price volatility (Keane and O'Connor, 2009;O'Connor et al, 2009;Weber et al, 2012;O'Connor et al, 2015;Pouch and Trouvé, 2018;Olipra, 2019). The main conclusion from the existing literature is that prior to the fundamental reform of the dairy policy under the Luxembourg agreement in 2003, the EU's internal dairy market was truly isolated from the global market.…”

Section: Literature Reviewmentioning

confidence: 99%

Destabilizing intervention in EU dairy markets

Olipra

2020

J. Agribus. Rural Dev.

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Butter and skimmed milk powder (SMP) are considered to be primary dairy commodities as they enable storage of fat and protein. The spread between butter and SMP prices in the European Union (EU) has been stable for many years. However, in 2016, butter prices suddenly increased to reach extremely high levels while SMP prices remained low. As a consequence, the price spread between milk fat and protein has surged, leading to severe imbalance in the EU dairy market. Some professionals argue that the main reason for this occurrence are large intervention stocks of SMP accumulated by the European Commission (EC) which weigh on prices. Nevertheless, no one has yet proved the existence of a causal relationship between the intervention stocks accumulated by the EC and the butter/SMP price spread. Hence, the purpose of this paper is to test that hypothesis. The causality between the EC intervention stocks and the butter/SMP price spread was tested using the Granger causality approach. The results show that the difference between butter and SMP intervention stocks accumulated by the EC Granger-causes the butter/SMP price spread while there is no causality in the opposite direction, which supports the hypothesis tested.

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Deregulation and the crisis of dairy markets in Europe: facts for economic interpretation

Cited by 18 publications

References 12 publications

Identification of the needs of primary milk producers in the new common agricultural policy 2021 – 2027

Identification of the needs of primary milk producers in the new common agricultural policy 2021 – 2027

The agricultural policy trilemma: On the wicked nature of agricultural policy making

Destabilizing intervention in EU dairy markets

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