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Hoveid, Ø. (2016). What are the risks of food price changes? A time series analysis (Vol. 9 C6 -).
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
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Drastig et al. (2016). World food supply and water resources: an agricultural-hydrological perspective (AgroHyd) (Vol. 8).
Abstract: Conference poster PDF
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Sinabell, F. (2016). Yield potentials and yield gaps in soybean production in Austria – a biophysical and economic assessment (Vol. 9 C6 -).
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
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Wallach, D., Thorburn, P., Asseng, S., Challinor, A. J., Ewert, F., Jones, J. W., et al. (2016). Overview paper on comprehensive framework for assessment of error and uncertainty in crop model predictions (Vol. 8).
Abstract: Crop models are important tools for impact assessment of climate change, as well as for exploring management options under current climate. It is essential to evaluate the uncertainty associated with predictions of these models. Several ways of quantifying prediction uncertainty have been explored in the literature, but there have been no studies of how the different approaches are related to one another, and how they are related to some overall measure of prediction uncertainty. Here we show that all the different approaches can be related to two different viewpoints about the model; either the model is treated as a fixed predictor with some average error, or the model can be treated as a random variable with uncertainty in one or more of model structure, model inputs and model parameters. We discuss the differences, and show how mean squared error of prediction can be estimated in both cases. The results can be used to put uncertainty estimates into a more general framework and to relate different uncertainty estimates to one another and to overall prediction uncertainty. This should lead to a better understanding of crop model prediction uncertainty and the underlying causes of that uncertainty. This study was published as (Wallach et al. 2016)
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Brouwer, F., & Sinabell, F. (2015). Three years of collaboration in TradeM – Agricultural markets and prices. In FACCE MACSUR Reports (Vol. 6, pp. SP6–4). Brussels.
Abstract: Some farmers may claim that climate change adaptation is easy compared to the difficulties caused by policiesAction based on weather observations only, is insufficient for farmers to respond to climate change. Researchers need support from farmers in understanding the responses in practice.Policies might be too slow to respond to needs for change in agriculture. Winners and losers seem to be observed everywhere.The impacts of climate change is heterogeneous among farm types and regionsEffects beyond 2050 remain largely unclear, mainly because the effects of extreme events are not consideredVariability of yields is important to farm incomes, but most studies only consider average changesFarmers are ready to design their site-specific adaptation response providing that new knowledge and learning spaces are available. A learning process based on integrated models, assessment of short- and long-term effects, is needed for farmers to adapt to climate change, price fluctuations and policy change. No Label
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