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Home Browse 2020 - Volume 122 Volume 122 - Issue 3

The impact of Covid-19 on agriculture: evidence from oats and wheat markets

byDAGLIS, Theodoros,KONSTANTAKIS, Konstantinos N.andMICHAELIDES, Panayotis G.
  • Year 2020
  • Volume 122
  • Issue 3
  • Pages 132-139

The Covid-19 pandemic has changed the dynamics of the overall economy, impacting many fields, including the agricultural sector. In this paper, we examine two important commodities of the agricultural sector, namely oats and wheat, during the Covid-19 spread and the lockdown measures. Using relevant time series specifications, we establish a hypothesis regarding the effect of the Covid-19 pandemic on these two commodities. Based on our findings, the commodities were affected by the Covid-19 spread and moreover, the Covid-19 confirmed cases provide useful information for the prediction and forecasting of these values. Our findings are robust, since the out-of-sample forecasting accuracy of the alternative model employed, that explicitly incorporates the pandemic induced by the Covid-19 disease, is superior to the baseline model.

Tags: agriculturecommoditiesCovid-19oatswheat
  • https://doi.org/10.7896/j.2058
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  • Scopus SJR (2024): 0.37
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  • ISSN (electronic): 2063-0476
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Publisher Name: Institute of Agricultural Economics Nonprofit Kft. (AKI)

Publisher Headquarters: Zsil utca 3-5, 1093-Budapest, Hungary

Name of Responsible Person for Publishing:        Dr. Pal Goda

Name of Responsible Person for Editing:             Dr. Attila Jambor

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adoption (6) agri-food trade (4) agricultural exports (3) agricultural policy (3) agriculture (13) AKIS (4) Albania (4) CAP (4) Central and Eastern Europe (3) climate change (7) Common Agricultural Policy (3) competitiveness (5) consumer behaviour (3) consumer preferences (4) Covid-19 (6) dairy sector (3) digitalisation (4) economic growth (3) elasticity (3) European Union (8) FADN (3) family farms (4) farm income (3) farm performance (3) food security (6) Hungary (5) impact evaluation (4) innovation (4) Kosovo (3) LEADER (4) off-farm income (4) participation (3) policy (4) price transmission (3) profitability (4) resilience (3) risk management (3) rural areas (4) rural development (13) social capital (3) sustainability (8) sustainable agriculture (4) sustainable development (4) technical efficiency (6) Ukraine (4)
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