European Union Agri-Food Prices During Covid-19 and Their Seleceted Determinants

Hamulczuk, Mariusz; Skrzypczyk, Marta

doi:10.30858/zer/147950

Cited by 3 publications

(1 citation statement)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Years of strong growth (2017,2019,2021) were interspersed with years of declining prices (2018,2020). The reasons for such price behaviour of goods sold by farmers were cyclical fluctuations in agriculture and the COVID-19 pandemic (Jędruchniewicz, 2020;Hamulczuk & Skrzypczyk, 2022). In Poland, the prices of goods and services purchased by farms were significantly less volatile than the prices of goods sold.…”

Section: Prices Of Means Of Production In Agriculture and Sale Prices...mentioning

confidence: 99%

Prices of Means of Production in Agriculture and Agricultural Prices and Income in Poland During the COVID-19 Pandemic

Jędruchniewicz,

Wielechowski

2023

View full text Add to dashboard Cite

Theoretical background: Agriculture is an input-intensive sector of the economy. The sector of means of production in agriculture is one of the three basic components of the food economy. The prices of agricultural inputs shape the operational costs of farms and significantly affect their income situation. Key agricultural inputs represent fertilizers, plant protection products, seeds, energy and labour force. The COVID-19 pandemic has affected the functioning of food systems all over the world, including in Poland. The agricultural sector in Poland faced several challenges, including the surge in prices of means of production in agriculture. Purpose of the article: The study aims to identify and assess changes in the prices of means of production in agriculture and the impact of changes in these prices on the dynamics of selling prices of agricultural products and the income situation of farms in Poland during the COVID-19 pandemic. Research methods: The study employs various research methods, including critical literature analysis, the descriptive approach, the comparative method, verbal logic, and descriptive statistical methods. Moreover, we utilize a standardised questionnaire method utilising the CATI (computer-assisted telephone interviewing) technique, targeting 50 experts in the field of agricultural economics, to gather their perspectives on the possibility of transferring the rise in agricultural production costs to the pricing of products sold during the COVID-19 pandemic. The secondary data come from the Statistics Poland, the Agency for Restructuring and Modernization of Agriculture (ARMA), and the National Bank of Poland (NBP). The research period covers the years 2017–2021, with particular emphasis on the years 2020–2021, i.e., the period of the COVID-19 pandemic. Main findings: Research results show that only in 2020, the prices of goods purchased for current agricultural production decreased. However, in 2021, the costs of materials and services and other costs in agriculture, including wages, increased at a record pace. The demand-side causes of such cost increases were increases in money supply and agricultural income. Supply-side causes were shaped by commodity prices and wages. In Poland, the prices of goods and services purchased by farms were less variable than the prices of goods sold. The data analysis did not reveal significant relationships regarding the dynamics of the prices discussed. Such a conclusion is also confirmed by the results of a questionnaire survey directed to experts in agricultural economics. The responses concerning the possibility of transferring the increase in production costs to the prices of sold products during the pandemic years varied. In the years 2017–2021, the income situation of Polish farms was variable. In 2020, increases in income from production factors, operating surplus, and farmer’s income, and their decreases in 2021, were inversely correlated with changes in production costs in agriculture.

show abstract

Section: Prices Of Means Of Production In Agriculture and Sale Prices...mentioning

confidence: 99%

Prices of Means of Production in Agriculture and Agricultural Prices and Income in Poland During the COVID-19 Pandemic

Jędruchniewicz,

Wielechowski

2023

View full text Add to dashboard Cite

show abstract

Ocena opłacalności produkcji pszenicy ozimej i jęczmienia jarego w zróżnicowanych uwarunkowaniach rynkowych

Nowak,

Wnuczek

2024

Agron. Sci.

View full text Add to dashboard Cite

Celem opracowania była ocena opłacalności produkcji pszenicy ozimej i jęczmienia jarego w różnych warunkach rynkowych. W opracowaniu wykorzystano metodę studium przypadku. Podmiotem badań było gospodarstwo rolne położone w województwie lubelskim, zajmujące się m.in. uprawą zbóż. Badania dotyczyły lat 2021–2023. Wykazały one, że ostatni rok badań był bardzo niekorzystny dla właściciela badanego gospodarstwa rolnego, głównie z uwagi na sytuację na rynkach światowych oraz napływ zbóż do Polski z Ukrainy. Gdyby rolnik nie otrzymał dopłat, w 2023 r. miałby stratę w produkcji pszenicy ozimej (–1828,2 złꞏha–1) oraz jęczmienia jarego (–666,2 złꞏha–1). Porównanie dochodowości produkcji pszenicy ozimej i jęczmienia jarego wykazało wyraźną przewagę pierwszego ze zbóż w dwóch pierwszych latach badań. Natomiast w ostatnim roku to jęczmień był bardziej opłacalny ze względu na minimalizację kosztów produkcji. Na podstawie przeprowadzonych badań oraz analizy sytuacji rynkowej w ostatnich latach sformułowano zalecenie skierowane do producentów rolnych dotyczące posiłkowania się w podejmowaniu decyzji produkcyjnych informacjami dotyczącymi trendów rynkowych w zakresie kształtowania się cen produktów rolnych i środków produkcji.

show abstract

Impact of the COVID-19 Pandemic on the World Energy and Food Commodity Prices: Implications for Global Economic Growth

2023

View full text Add to dashboard Cite

The negative socio-economic consequences of the COVID-19 pandemic are widely discussed. However, relatively less attention is paid to its impact on the world commodity price formation including energy and food prices. The aim of this paper is to examine the impact of the COVID-19 pandemic on world energy commodity prices and their interactions with world food commodity prices. Using the World Bank data on commodity prices we look for evidence of changes in energy and food prices caused by occurrence of the COVID-19 pandemic, which was assumed to be a negative shock to the global economy in terms of both supply and demand. Based on data series analysis of indices of world energy and food commodity prices, it is evident that after the outbreak of the COVID-19 pandemic the energy prices, especially oil prices, plummeted. Food prices followed the same direction; however, their plunge was much less extreme. In general, it can be concluded that the pandemic caused a severe energy price shock which clearly had a negative impact on global economic growth, but the scale of this impact differs depending on the type of economic sector and countries’ net export positions in energy and food trade.

show abstract

European Union Agri-Food Prices During Covid-19 and Their Seleceted Determinants

Cited by 3 publications

References 16 publications

Prices of Means of Production in Agriculture and Agricultural Prices and Income in Poland During the COVID-19 Pandemic

Prices of Means of Production in Agriculture and Agricultural Prices and Income in Poland During the COVID-19 Pandemic

Ocena opłacalności produkcji pszenicy ozimej i jęczmienia jarego w zróżnicowanych uwarunkowaniach rynkowych

Impact of the COVID-19 Pandemic on the World Energy and Food Commodity Prices: Implications for Global Economic Growth

Contact Info

Product

Resources

About