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Price volatility on the German Agricultural Markets

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  • Ledebur, Oliver von
  • Schmitz, Jochen

Abstract

In this contribution, the development of price volatility on German agricultural markets is analyzed. We quantify the degree of price volatility for selected German agricultural markets and determine how it evolves over time and search for policy driven structural changes in volatility levels measured by the historical volatility. Based on annualised historical volatilities t test were performed to identify if the change in the volatility levels show any relationship to the process of reform of the CAP. An increase in volatility could be identified for the main German markets regulated by the Common Market Organisations. A positive relationship among the reform process of the CAP and the changes of the volatility levels could be identified particularly for the cereals markets.

Suggested Citation

  • Ledebur, Oliver von & Schmitz, Jochen, 2012. "Price volatility on the German Agricultural Markets," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122534, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa123:122534
    DOI: 10.22004/ag.econ.122534
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    File URL: https://ageconsearch.umn.edu/record/122534/files/von_Ledebur.pdf
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    References listed on IDEAS

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    1. Artavia, M. & Deppermann, A. & Filler, G. & Grethe, H. & Häger, A. & Kirschke, D. & Odening, M., 2011. "Ertrags- und Preisinstabilität auf Agrarmärkten in Deutschland und der EU," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 46, March.
    2. Weber, Sascha A., 2009. "Ausmaß und Determinanten von Preisrigiditäten im deutschen Lebensmitteleinzelhandel - Eine emprische Analyse mit Scannerdaten," Theses 94613, University of Giessen, Institute of Agricultural Policy and Market Research.
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    1. Diekmann, Anton & Wolbert-Haverkamp, Matthias & Mußhoff, Oliver, 2014. "Die Bewertung der Umstellung einer einjährigen Ackerkultur auf den Anbau von Miscanthus – Eine Anwendung des Realoptionsansatzes," Department of Agricultural and Rural Development (DARE) Discussion Papers 260812, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
    2. Klimkowski, Cezary, 2016. "Farm Income Stabilization Effectiveness And Income Stabilization Tool," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 41(3).
    3. Wimmer, Stefan G & Sauer, Johannes, 2016. "Diversification Versus Specialization: Empirical Evidence On The Optimal Structure Of European Dairy Farms," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244882, German Association of Agricultural Economists (GEWISOLA).

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    Keywords

    Risk and Uncertainty;

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