Abstract: Two independently developed simulation models – the grassland-specific PaSim and the biome-generic Biome-BGC MuSo (BBGC MuSo) – linking climate, soil, vegetation and management to ecosystem biogeochemical cycles were compared in a simulation of carbon (C) and water fluxes. The results were assessed against eddy-covariance flux data from five observational grassland sites representing a range of conditions in Europe: Grillenburg in Germany, Laqueuille in France with both extensive and intensive management, Monte Bondone in Italy and Oensingen in Switzerland. Model comparison (after calibration) gave substantial agreement, the performances being marginal to acceptable for weekly-aggregated gross primary production and ecosystem respiration (R-2 similar to 0.66 – 0.91), weekly evapotranspiration (R-2 similar to 0.78 – 0.94), soil water content in the topsoil (R-2 similar to 0.1 -0.7) and soil temperature (R-2 similar to 0.88 – 0.96). The bias was limited to the range -13 to 9 g C m(-2) week(-1) for C fluxes (-11 to 8 g C m(-2) week(-1) in case of BBGC MuSo, and -13 to 9 g C m(-2) week(-1) in case of PaSim) and -4 to 6 mm week for water fluxes (with BBGC MuSo providing somewhat higher estimates than PaSim), but some higher relative root mean square errors indicate low accuracy for prediction, especially for net ecosystem exchange The sensitivity of simulated outputs to changes in atmospheric carbon dioxide concentration ([CO2]), temperature and precipitation indicate, with certain agreement between the two models, that C outcomes are dominated by [CO2] and temperature gradients, and are less due to precipitation. ET rates decrease with increasing [CO2] in PaSim (consistent with experimental knowledge), while lack of appropriate stomatal response could be a limit in BBGC MuSo responsiveness. Results of the study indicate that some of the errors might be related to the improper representation of soil water content and soil temperature. Improvement is needed in the model representations of soil processes (especially soil water balance) that strongly influence the biogeochemical cycles of managed and unmanaged grasslands. (C) 2015 Elsevier B.V. All rights reserved.

Abstract: It is a widely held belief (IPCC) that climate change bringsmore risks to the worldI Since the start of MACSUR, TradeM has had risk on theagenda, but few results have so far come out. It has beenclaimed though, that there is no evidence for more risk in theglobal wheat market (Steen and Gjølberg 2014) (TradeMworkshop at Hurdalssjøen)I I have myself had the ambition of creating a dynamicstochastic model of the food system in which risk would be anintegral part, but time has been too shortI I have also pointed to methods from finance to reveal insights,and that is the road to be followed here, guided by Bølviken &Benth (2000) Buyer’s risk larger than seller’s risk — due to asymmetricdistribution of returns. Large price jumps are more likely thanequally sized price falls.I Long term positions much more risky than short term ones —as expectedI Agricultural commodities much less risky than crude oilI Price risk are related to volatility, and their changes over timewill have similar causal explanationsI Risks of producers and consumers of agricultural commoditieswill to some extent be related to the price risk, and also totheir portfolios and the co-variance between returns

Abstract: context of analysis:• stakeholders. policy relevance: CC and protein crops• research problem:• how large is the yield gap and what can be done• data• approaches• findings• discussion and outlook yield gap analysis is a daunting task• what can be learned• economics matters: prices of crop and other crops• land expansion: more land becoming more marginal• management matters a lot but – not directly observable in data• significant knowledge gaps still there• way forward:• look at other crops• explore options to improve management