{"title":"Finding the right price: supply chain contracts as a tool to guarantee sustainable economic viability of organic farms","authors":"E. Viganò, Martina Maccaroni, Selene Righi","doi":"10.22434/ifamr2021.0103","DOIUrl":null,"url":null,"abstract":"The aim of this study is to analyse the volatility of agricultural commodity prices and assess the effectiveness of supply chain contracts as possible tools to prevent it. The study refers to the cereal sector, which is of vital importance for the agri-food system of the Mediterranean area. Since Italy is the world’s largest producer of durum wheat semolina, the proper functioning of the Italian durum wheat supply chain is central to this investigation. The study was conducted following two different paths of analysis: (1) the calculation of volatility indices using annual and monthly data of durum wheat prices, both organic and industrial, observed in the Bologna Commodity Exchange (AGER); (2) the analysis of two organic durum wheat supply chain contracts, defined by a cooperative involving hundreds of Italian farms mainly from the Marche region and by an agricultural consortium operating in the Adriatic regions. Despite the limited number of cases examined, the present study shows how supply chain contracts can be valid tools for building stable relationships between the various players, from production to processing and distribution, guaranteeing farms fairer and more remunerative raw material purchase prices and higher quality standards.","PeriodicalId":49187,"journal":{"name":"International Food and Agribusiness Management Review","volume":null,"pages":null},"PeriodicalIF":1.5000,"publicationDate":"2022-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Food and Agribusiness Management Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.22434/ifamr2021.0103","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
引用次数: 4
Abstract
The aim of this study is to analyse the volatility of agricultural commodity prices and assess the effectiveness of supply chain contracts as possible tools to prevent it. The study refers to the cereal sector, which is of vital importance for the agri-food system of the Mediterranean area. Since Italy is the world’s largest producer of durum wheat semolina, the proper functioning of the Italian durum wheat supply chain is central to this investigation. The study was conducted following two different paths of analysis: (1) the calculation of volatility indices using annual and monthly data of durum wheat prices, both organic and industrial, observed in the Bologna Commodity Exchange (AGER); (2) the analysis of two organic durum wheat supply chain contracts, defined by a cooperative involving hundreds of Italian farms mainly from the Marche region and by an agricultural consortium operating in the Adriatic regions. Despite the limited number of cases examined, the present study shows how supply chain contracts can be valid tools for building stable relationships between the various players, from production to processing and distribution, guaranteeing farms fairer and more remunerative raw material purchase prices and higher quality standards.
期刊介绍:
The IFAMR is an internationally recognized catalyst for discussion and inquiry on issues related to the global food and agribusiness system. The journal provides an intellectual meeting place for industry executives, managers, scholars and practitioners interested in the effective management of agribusiness firms and organizations.
IFAMR publishes high quality, peer reviewed, scholarly articles on topics related to the practice of management in the food and agribusiness industry. The Journal provides managers, researchers and teachers a forum where they can publish and acquire research results, new ideas, applications of new knowledge, and discussions of issues important to the worldwide food and agribusiness system. The Review is published electronically on this website.
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The Review welcomes scholarly articles on business, public policy, law and education pertaining to the global food system. Articles may be applied or theoretical, but must relevant to managers or management scholars studies, industry interviews, and book reviews are also welcome.