Relationships of oil prices and activity results of Lithuanian wheat growers

Straipsnyje nagrinėjami naftos kainų ir Lietuvos kviečių augintojų pajamas bei sąnaudas sudarančių elementų ryšiai. Atlikus naftos ir kviečių, mineralinių trąšų, degalų kainų tarpusavio ryšių analizę, nustatyti kintamųjų kitimo dėsningumai. Remiantis sudarytų modelių parametrais, įvertintas naftos kainų poveikis kviečių augintojų pelnui.Globalization process makes an influence on different sectors of world economy. Lithuanian agriculture is influenced as well. Subject to resources used and fluctuations of world prices, profit of Lithuanian farmers could change. To be aware of this, it was valuable to make an analysis on relationships between fluctuations of world oil prices and changes in revenue and costs of Lithuanian farmers. The results of this analysis showed that mineral fertilizers, depreciation and fuel costs made a supreme part of all costs of cereal and rape growing. Revenue of the farmers in Lithuania depended both on the market prices of produced good, and nature conditions. It was determined that linear relationships between world oil prices and prices of wheat, mineral fertilizers and diesel prices are statistically significant. Regression model indicated that elasticity of mineral fertilizers and fuel prices to world oil price is better than elasticity of wheat price to oil price. Higher elasticity of revenue elements and lower elasticity of costs elements to world oil price are useful to farmers