Traditionally, the FAPRI-UK modelling system has generated deterministic Baseline projections based on normal weather conditions, specific macro-economic and other exogenous assumptions. These Baseline projections comprise single point estimates for prices, livestock numbers etc. for a ten year period.
Details
Authors
- Joan Moss, Lichun Zhang, Myles Patton and In Seck Kim (Queen’s University Belfast & Agri-Food & Biosciences Institute)
- Julian Binfield and Patrick Westhoff (FAPRI, University of Missouri)
2010 december a stochastic analysis of thpact of volatile world agricultural prices on european and uk agriculture