Milk price changes in Poland in the context of the Common Agricultural Policy

Piotr Borawski , Marta Guth , Wojciech Truszkowski , Dagmara Zuzek , Aneta Beldycka-Borawska , Bartosz Mickiewicz , Elzbieta Szymanska , Jayson Kennedy Harper , James William Dunn

Abstract

Changes in the retail prices of pasteurised milk, purchase prices, and the price relationship between retail prices for pasteurised milk and other food products are analysed for Poland during the period from 2004–2018. In addition, the paper presents factors affecting changes in milk prices in Poland and characterises the Common Agricultural Policy (CAP) on the milk market. The adoption of a long period of analysis allows for the study of periods of both high and low variability. The data analysis uses various methods including the Augmented Dickey-Fuller (ADF) test and the Autoregressive-Moving-Average Model (ARMA). The milk market showed significant response because it was one of the few that was strongly administered by the European Union. These policies led to a significant increase in milk prices in the analysed period. The average price of pasteurised food milk increased by 63% in 2003–2015, and the purchase farm price of milk increased by 91.74%. The situation changed when the production limits were eliminated after 2015. In the initial period after quotas ended, the price of milk decreased and then increased. Similar changes were observed in other EU countries. Even short-term fluctuations associated with economic crises did not significantly affect the milk market.
Author Piotr Borawski - Uniwersytet Warmińsko-Mazurski w Olsztynie
Piotr Borawski,,
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, Marta Guth - Uniwersytet Ekonomiczny w Poznaniu
Marta Guth,,
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, Wojciech Truszkowski - Uniwersytet Warmińsko-Mazurski w Olsztynie
Wojciech Truszkowski,,
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, Dagmara Zuzek (FoAaE / DoEaFE)
Dagmara Zuzek,,
- Department of Economics and Food Economy
, Aneta Beldycka-Borawska - Uniwersytet Warmińsko-Mazurski w Olsztynie
Aneta Beldycka-Borawska,,
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, Bartosz Mickiewicz - Zachodniopomorski Uniwersytet Technologiczny w Szczecinie (ZUT)
Bartosz Mickiewicz,,
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, Elzbieta Szymanska - Warsaw University of Life Sciences, Warsaw University of Life Science (SGGW), MNiSW [80]
Elzbieta Szymanska,,
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, Jayson Kennedy Harper - Pennsylvania State University
Jayson Kennedy Harper,,
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, James William Dunn - Pennsylvania State University
James William Dunn,,
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Journal seriesAgricultural Economics-Zemedelska Ekonomika, [Agricultural Economics (Czech Republic)], ISSN 0139-570X, e-ISSN 1805-9295, (N/A 70 pkt)
Issue year2020
No66 (1)
Pages19-26
Publication size in sheets0.5
Keywords in EnglishCommon Agricultural Policy; milk market; price volatility; purchase prices
ASJC Classification1101 Agricultural and Biological Sciences (miscellaneous); 2000 General Economics, Econometrics and Finance
DOIDOI:10.17221/178/2019-AGRICECON
URL https://www.agriculturejournals.cz/web/agricecon.htm?type=article&id=178_2019-AGRICECON
Languageen angielski
LicenseJournal (articles only); author's original; Uznanie Autorstwa (CC-BY); after publication
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Milk price changes in Poland in the context of the Common Agricultural Policy 377,57 KB
Score (nominal)70
Score sourcejournalList
Publication indicators WoS Citations = 1; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 1.058; WoS Impact Factor: 2018 = 1.0 (2) - 2018=0.842 (5)
Citation count*
Additional fields
FinansowanieSupported by the National Science Centre in Poland, Project OPUS 15, Project No.: 2018/29/B/HS4/00392.
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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