TY - JOUR AU - Bardal, Diogo PY - 2019/06/27 Y2 - 2024/03/28 TI - Agricultural production and yield estimation:: Two distinctive aspects of Brazilian agriculture and a perspective on world food problems JF - Future of Food: Journal on Food, Agriculture and Society JA - FOFJ VL - 1 IS - 2 SE - Research Articles DO - UR - https://thefutureoffoodjournal.com/index.php/FOFJ/article/view/206 SP - 8-17 AB - Brazil has been increasing its importance in agricultural markets. The reasons are well known tobe the relative abundance of land, the increasing technology used in crops, and the developmentof the agribusiness sector which allow for a fast response to price stimuli. The elasticity ofacreage response to increases in expected return is estimated for Soybeans in a dynamic (longterm) error correction model. Regarding yield patterns, a large variation in the yearly rates ofgrowth in yield is observed, climate being probably the main source of this variation which resultin ‘good’ and ‘bad’ years. In South America, special attention should be given to the El Niño andLa Niña phenomena, both said to have important effects on rainfalls patterns and consequentlyin yield. The influence on El Niño and La Niña in historical data is examined and some ways ofestimating the impact of climate on yield of Soybean and Corn markets are proposed. Possibleimplications of climate change may apply. ER -