Auf volatileren Agrarmärkten gewinnt der Handel mit Optionen zunehmend an Bedeutung. Optionen gestatten die einseitige Absicherung von Preisrisiken, z. B. nur gegen fallende Preise, und stellen ein zunehmend bedeutenderes Instrument für das Risikomanagement von Landwirten und Landhändlern...

Options trading is increasingly important in more volatile agricultural markets. Options allow for unilateral hedging of price risks, e. g. against falling prices only, and are an indispensable risk management instrument for farmers and grain dealers. Concerns that soaring options trading could...

In vielen Teilen der Welt, in Entwicklungs- wie Industrieländern, wird landwirtschaftliche und ländliche Entwicklung durch zivilgesellschaftliche Organisationen (ZGO) unterstützt. In Deutschland ist ihre Aktivität mittlerweile so hoch, dass ihnen seitens Wissenschaft und Politik gestiegener...

After more than two decades of agrarian change in Tajikistan, farming structures seem to crystallise. The first signs towards farm individualisation were observed only around 2000, which were the result of significant pressure from outside, when the post-conflict state was highly susceptible to...

How to revitalise the cattle and dairy sectors under the WTO commitments has emerged as a major policy challenge for the Russian government. This article raises the question whether livestock recovery in East Germany does provide any insights that could be of value to current policy makers in...

Our purpose here is to challenge the big-bang approach to economic history in which some alleged institutional imposition - a deus machine - is claimed to launch a series of new economic behaviors. This so-called prime mover is then carried forward by the inexorable forces of path dependency to...

How to revitalise the agricultural sector under the commitments of membership in the World Trade Organisation (WTO) has emerged as a major policy challenge for the Russian government. According to the current State Programme for the Development of Agriculture, a key support channel is via...

Up to the end of World War II, the political-economic framework had been relatively similar all over Germany. However, the farm structure was different. While in both parts, the West and the East, about 90 per cent of all farms cultivated less than 20 ha and about one per cent more than 100 ha,...

Kazakhstan is now widely regarded as a key player on world agricultural markets, with considerable export potential in the wheat, beef and dairy sectors. Based on unique farm-level data covering all production systems currently relevant, we offer new insights into the constraints that hamper...

Kosovo's small economy substantially relies on money from abroad: an extraordinarily high number of migrants contribute to foreign capital inflow through remittances; remittances represented around 13% of gross domestic product (GDP) in 2009. This means that the well-being of many Kosovar...