气候变化领域集成服务门户(CCPortal): Effects of drought on hay and feed grain prices

CCPortal

DOI	10.1088/1748-9326/ab68ab
	Effects of drought on hay and feed grain prices
	Schaub S.; Finger R.
发表日期	2020
ISSN	17489318
卷号	15 期号:3
英文摘要	Droughts represent a severe and increasing risk for the livestock sector as they can reduce yields of hay and feed grain. Droughts are predicted to increase in frequency and magnitude under climate change. Here we estimate the so far unexplored effect of drought shocks on feed prices. We use an empirical example from Germany and focus on the prices of hay as well as feed wheat and barley. Our results show that regional and national droughts substantially increase hay prices by up to 15%, starting with a delay of about 3 months and lasting for about a year. In contrast, feed grain prices in our sample are not affected by regional or national droughts. These price responses can be linked to market integration, as the hay market is usually regionally organized while feed grains are traded transnationally. It is important to include this knowledge into farm management and policy actions, especially considering climate change. © 2020 The Author(s). Published by IOP Publishing Ltd.
英文关键词	droughts; feed grain prices; Hay prices; market integration; weather extremes
语种	英语
scopus关键词	Climate change; Commerce; Drought; Extreme weather; Grain (agricultural product); Farm management; Hay prices; Market integration; Policy actions; Price response; Weather extremes; Costs; barley; cereal; climate change; drought; extreme event; farm; policy making; price dynamics; wheat; Germany; Hordeum; Triticum aestivum
来源期刊	Environmental Research Letters
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/154158
作者单位	Agricultural Economics and Policy Group, ETH Zürich, Zürich, Switzerland; Grassland Sciences Group, ETH Zürich, Zürich, Switzerland
推荐引用方式 GB/T 7714	Schaub S.,Finger R.. Effects of drought on hay and feed grain prices[J],2020,15(3).
APA	Schaub S.,&Finger R..(2020).Effects of drought on hay and feed grain prices.Environmental Research Letters,15(3).
MLA	Schaub S.,et al."Effects of drought on hay and feed grain prices".Environmental Research Letters 15.3(2020).