Tag: trade

The global food system, from fertiliser production to food packaging, is responsible for approximately one-third of all humancaused greenhouse gas emissions. The ecological footprint captures the ecological assets that a population needs to produce, the natural resources it consumes, and to absorb its waste. The carbon footprint as the main component represents more than 50% of the total ecological footprint. Carbon footprint is said to be a widely accepted indicator of GHG intensity, originating from different economic activities. Due to its important role in raising awareness of global warming, scientists and policymakers also use it as a management tool for estimating environmental pollution. In contrast, the application of carbon footprint on the agricultural sector is still limited in the literature. The paper aims to explore what agriculture-specific factors influence the carbon footprint at a global level based on 1961-2013 data. The study employs feasible generalized least squares estimator along with panel unit root tests. Results show that carbon footprint is stimulated by economic development and agricultural production (arable land, agricultural machinery, fertilizer use), and in addition, agricultural exporting has a positive impact on the carbon footprint. By contrast, the growth of carbon footprint is negatively related to the higher share ...

The article presents the results from a modelling exercise on five crops: wheat, barley, maize, sunflower and rapeseed. These crops cover 55 per cent of the utilised agricultural land in Bulgaria and over 90 per cent of the arable land. The main goal of the research was to project the development of the production and trade of these crops in Bulgaria between 2013 and 2017, as well as to implement an analysis of certain scenarios related chiefly to upcoming changes in the Common Agricultural Policy (CAP). The model is linked with the global crop market through European Union prices, as the Bulgarian commodity market is considered to be a price taker, and it assumes the development of other agricultural sectors (livestock) and the macroeconomic situation in Bulgaria as exogenous variables. The research is an attempt to incorporate into Bulgarian analytical practice modelling methods that can provide useful figures and projections about the impacts of different political measures for decision makers, and market information on the prices and global supply and demand trends for farmers and agri-business organisations. The results show that the production of the modelled commodities will continue to increase in the coming years, mainly as a result of ...