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From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy

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  • Johan Swinnen
  • Alessandro Olper
  • Senne Vandevelde

Abstract

This article analyzes how value chains play a role in the political economy of agricultural and food policy by (1) discussing historical insights; (2) reviewing an emerging literature on political economy of trade policy and value chains and drawing implications for agricultural and food policy; (3) discussing market power issues with increasing concentration in agri‐food value chains and its implications for government regulations; and (4) presenting a political economy case study of recent regulations that have explicitly targeted value chain structures in the agri‐food sector: the EU regulations on “unfair trading practices (UTPs)”. The case study is of wider relevance since it addresses a key concern in global value chains.

Suggested Citation

  • Johan Swinnen & Alessandro Olper & Senne Vandevelde, 2021. "From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 771-788, September.
    • Handle: RePEc:bla:agecon:v:52:y:2021:i:5:p:771-788
    DOI: 10.1111/agec.12653
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    3. Liu, Shuang & Jin, Yanhong & Zheng, Fengtian, 2024. "Did product certification and e-commerce benefit agricultural producers in China?," Food Policy, Elsevier, vol. 127(C).
    4. Čechura, Lukáš & Jamali Jaghdani, Tinoush, 2021. "Market imperfections within the European wheat value chain: The case of France and the United Kingdom," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(9).
    5. Federica Di Marcantonio & Enkelejda Havari & Liesbeth Colen & Pavel Ciaian, 2022. "Do producer organizations improve trading practices and negotiation power for dairy farms? Evidence from selected EU countries," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 121-137, November.
    6. Antonella Samoggia & Zeynep Beyhan, 2022. "Fairness-Enabling Practices in Agro-Food Chain," Sustainability, MDPI, vol. 14(11), pages 1-24, May.
    7. Marie Lassalas & Sabine Duvaleix & Laure Latruffe, 2024. "The technical and economic effects of biodiversity standards on wheat production," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 51(2), pages 275-308.
    8. Valentina Raimondi & Andreea Piriu & Johan Swinnen & Alessandro Olper, 2023. "Impact of global value chains on tariffs and non-tariff measures in agriculture and food," Post-Print hal-04991950, HAL.
    9. Awokuse, Titus & Lim, Sunghun & Santeramo, Fabio & Steinbach, Sandro, 2024. "Robust policy frameworks for strengthening the resilience and sustainability of agri-food global value chains," Food Policy, Elsevier, vol. 127(C).
    10. Margherita Prete & Artyom Golossenko & Matthew Gorton & Barbara Tocco & Antonella Samoggia, 2025. "Consumer Disposition Toward Fairness in Agri-Food Chains (FAIRFOOD): Scale Development and Validation," Journal of Business Ethics, Springer, vol. 197(2), pages 391-421, March.
    11. Athanasios Polyportis & Freya Keyzer & Anne-Marie Prooijen & Leonie C. Peiffer & Yijing Wang, 2025. "Addressing Grand Challenges in Sustainable Food Transitions: Opportunities Through the Triple Change Strategy," Circular Economy and Sustainability, Springer, vol. 5(2), pages 901-920, April.
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