Price determination and discovery in a ‘de-regulated’ milk market: perspectives on the price of UK milk
Abstract The de-regulation of the UK milk market, in November 1994, saw the end of sixty years of monopoly control by the Milk Marketing Boards, yet milk prices are currently higher than at any time in the history of the MMB. This paper examines the factors which are likely to determine the price of UK milk in the longer term, both at the aggregate market level and for specific transactions. In the future, all milk users in the UK will have an incentive to increase their capacity utilization and add value to raw milk, to justify a higher milk price. The option of importing liquid milk from the continent will become increasingly attractive as cross-channel links improve and transfer costs fall. The price-fixing mechanism adopted by Milk Marque has resulted in a short-term increase in UK milk prices. In the long run, prices will fluctuate within a band, with intervention prices for butter and skimmed milk powder determining the floor and the cost of transfering milk from the continent determining the ceiling.
Marketing of Agricultural Products
Учебник «Маркетинг сельскохозяйственной продукции» является начальным при изучении маркетинга в сельском хозяйстве. Продовольственная система анализируется с точки зрения функционального, микро-, макро-, и товарного подходов. Дополненная версия содержит мини кейсы по изучению проблем связанных со спецификой маркетинга продовольствия, биотехнологиями, управлением риском, а также информацию по вертикальной рыночной координации и аграрной политики США.
Soil organic matter and microbiological development of technosols in the South Wales Coalfield
Abstract Degraded land (formerly ‘reclaimed’) after surface-coal-mining is a serious problem in South Wales. This project uses forestation to foster soil development on opencast coal-mine spoil technosols. It compares records of humification and the soil microbiological system (microcoenosis) using paired data from the same plantings in 1998 and 2018. Statistical analysis finds no significant difference between samples collected under trees planted by the pit-planting versus trench planting method or trees planted using organic or mineral fertilizer. However, there are strong significant differences in both soil organic matter and microflora components and significant correlations with time since tree planting. Most components of the soil organic carbon (TOC) and the microflora increase, often significantly. However, compared to 2018, 1998 samples contain significantly greater maximum levels of Insoluble Carbon while the microflora had significantly more Ammonifying bacteria. Decreases in Insoluble Carbon explain the relatively small increase in TOC between 1998 and 2018. The % extracted with 0.1 N H2SO4 is significantly larger in 2018, suggesting active weathering. Similarly, both the maxima and minima of total Humic and Fulvic acids content, extracted with 0.1 M Na4P2O7 + 0.1 M NaOH, are significantly greater in 2018. Total microflora shows significant positive correlations with time-since-tree-planting as do the proportions of bacilli and actinomycetes but the correlation with ammonifying bacteria is negative. In 1998, the microflora was dominated by non-spore-forming bacteria while, in 2018, bacilli and actinomycetes prevail; both are involved in the transformation of complex organic compounds and humification. This indicates active transformation of more complex organic compounds and advancing humification. In sum, forestation of these degraded, formerly reclaimed, opencast coal-mine spoils has resulted in a massive increase in both the size and functioning of the soil organic system.