Impact of food price shocks on vulnerability to poverty

A mathematical programming approach

authored by

Marc Völker, Songporne Tongruksawattana, Erich Schmidt, Hermann Waibel

Abstract

The 2008 price crisis in the world markets for fuel, chemical fertilizer and agricultural commodities came as a shock to both producers and consumers. For farmers in Thailand and in Vietnam, this situation generated opportunities and risks. For agricultural households with a food surplus, higher commodity prices will lead to higher incomes provided price expectations hold and the price ratio of factor to commodity price remains favourable. For food deficit households, however, rising prices reduce their real income and tend to increase the risk of falling into poverty.

Organisation(s)

Institute of Environmental Economics and World Trade
Institute of Development and Agricultural Economics

External Organisation(s)

International Maize and Wheat Improvement Center (CIMMYT), Kenya

Type

Contribution to book/anthology

Pages

163-188

No. of pages

26

Publication date

01.01.2016

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

Economics, Econometrics and Finance(all), General Business,Management and Accounting, General Social Sciences

Sustainable Development Goals

SDG 2 - Zero Hunger

Electronic version(s)

https://doi.org/10.1057/9780230306622_7 (Access: Closed)