Pertinence économique de la stabilité des marchés agroalimentaires
|Advisor:||Doyon, Maurice; Mundler, Patrick|
|Abstract:||This study focuses on the economic relevance of stable agricultural markets. To do this, we explored the explanations offered by the economic literature on the dynamics of agricultural prices, including the effects of price volatility on the optimal allocation of resources at the producer level and the efficiency of markets. In addition, the effects of price stability, associated for instance with supply management, are qualitatively assessed by surveying stakeholders of the Quebec's agrifood sector. Some economic literature considers that the risk and uncertainty associated with price volatility negatively impact the economic optimum. Mini-case studies and the results of our survey seem to confirm these effects. Our results also suggest that farmers attach great importance to price stability in general. Predictability of prices facilitates the optimization of production and the financial management of farms. Stable prices, which reflect the cost of production, contribute to the sustainability of farms as they adequately pay farmers and their assets. Hence, they are an incentive for investments and growth projects that, in turn, benefit input and service providers, according to key stakeholders. In the end, the stability of the margins associated with supply management is seen as a positive contribution to the economic vitality of Quebec villages, as well as to the presence and diversity of agricultural production models.|
|Document Type:||Mémoire de maîtrise|
|Open Access Date:||21 March 2019|
|Collection:||Thèses et mémoires|
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