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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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Schechter, M. (2013). Welcome Address of the Founder and Distinguished Chair of Natural Resource and Environmental Research Center..
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Ayalon, O. (2013). Welcome Address of the Director Natural Resource and Environmental Research Center..
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Zhao, G., Hoffmann, H., Van Bussel, L., Enders, A., Specka, X., Sosa, C., et al. (2014). Weather data aggregation’s effects on simulation of cropping systems: a model, production system and crop comparison. FACCE MACSUR Mid-term Scientific Conference, 3(S) Sassari, Italy.
Abstract: Interactions of climate, soil and management practices in cropping systems can be simulated at different scales to provide information for decision making. Low resolution simulation need less effort, but important details could be lost through data aggregation effects (DAEs). This paper aims to provide a general method to assess the DAEs on weather data and the simulation of cropping systems, and further investigate how the DAEs vary with changing crop models, crops, variables and production systems. A 30-year continuous cropping system was simulated for winter wheat and silage maize and potential, water-limited and water-nitrogen-limited production situations. Climate data of 1 km resolution and aggregations to resolutions of 10 to 100 km was used as input for the simulations. The data aggregation narrowed the variation of weather data and DAEs increased with increasingly coarser spatial resolution, causing the loss of hot spots in simulated results. Spatial patterns were similar across different resolutions. Consistent with DAEs on weather data, the DAEs on simulated yield (0 to 1.2 t ha-1 for winter wheat and 0 to 1.7 t ha-1 for silage maize), evapotranspiration (3 to 45 mm yr-1 for winter wheat and 4 to 40 mm yr-1 for silage maize), and water use efficiency (0.02 to 0.25 kg m-3 for winter wheat and 0.04 to 0.4 kg m-3 for silage maize), increased with coarser spatial resolution. Thus, if spatial information is needed for local management decisions, higher resolution is needed to adequately capture the spatial heterogeneity or hot spots in the region.
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Zhao, G., Hoffmann, H., Van Bussel, L. G. J., Enders, A., Specka, X., Sosa, C., et al. (2014). Weather data aggregation’s effect on simulation of cropping systems: a model, production system and crop comparison. ESA Congress, 13 Debrecen,.
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