Agric. Econ. - Czech, 2012, 58(1):41-48 | DOI: 10.17221/111/2010-AGRICECON

The assessment of the economic risks level of sugar beet growing for the farm economy

Josef Pulkrábek1, Miroslav Kavka1, Vladimír Rataj2, Jaroslav Humpál3, Ladislav Nozdrovický2, Zdeněk Trávníček3, Vladimír Pačuta2
1 Faculty of Engineering, Czech University of Life Sciences Prague, Prague, Czech Republic
2 Slovak Agriculture University in Nitra, Nitra, Slovak Republic
3 Institute of Agriculture Economics and Information, Prague, Czech Republic

The risk rate of sugar beet growing was analyzed by using the algorithm for modelling and generating the random numbers based on the conditions determined in advance and the statistical distribution of sugar beets yield, the total costs, earnings and gross profit. On the bases of results of the analysis of economic risks of sugar beet production in years 1995-2009, it follows that the sugar beet growing in all regions is highly risky in the Czech Republic. The subsidy SAPS and TOP-UP per 1 hectare of sugar beet have a positive impact on its economics though not sufficient enough. In practice, it means that it is highly probable that the break-even point will not be achieved and thereby it is highly probable that the fixed costs are not covered and the update of machines is significantly limited. This happens mainly in the marginal regions. If the agricultural companies count on the separate sugar payment, the sugar beet growing is in all regions of the Czech Republic with acceptable risk.

Keywords: sugar beet, growing technology, production economic, risk

Published: January 31, 2012  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Pulkrábek J, Kavka M, Rataj V, Humpál J, Nozdrovický L, Trávníček Z, Pačuta V. The assessment of the economic risks level of sugar beet growing for the farm economy. Agric. Econ. - Czech. 2012;58(1):41-48. doi: 10.17221/111/2010-AGRICECON.
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Adamec R., Froněk D., Divišová E. (2010) Situační a výhledová zpráva: cukr, cukrová řepa (Situation and forvardlooking report sugar, sugar-beet). Ministry of Agriculture of the Czech Republic, Praha; ISBN 978-80-902-4; ISSN 1211-7692.
    2. Brandhuber R., Demmel M., Koch H.-J., Brunotte J. (2009): Bodenschonender Einsatz von Landmaschinen - Empfehlungen für die Praxis (Exploitation of farm machines focused on soil protection - Recommendations for practice). Zuckerindustrie, 134: 255-259.
    3. Černý I., Pačuta V., Pospišil R., Ondrišík P., Kováčik P. (2011): Vplyv Atoniku a Pentakeepu-V na produkčné parametre repy cukrovej a plodiny rotujúcej v osevnom postupe (The effect of atonic and pentakeep-V on the production parameters of sugar beet and crop rotating in crop rotation). Listy cukorvarnické a řepařské, 127: 174-177.
    4. Evans M., Hastings N., Peacock B. (2000): Statistical Distributions. 3rd ed. John Wiley & Sons Inc., New York; ISBN 978-0-471-37124-3.
    5. Foltýn I., Kopeček P., Zedníčková I., Vávra V. (2009): Profitability development of key Czech agricultural commodities in the period 2002-2006. Agricultural Economics - Czech, 55: 181-199. Go to original source...
    6. Gleissner W., Berger T. (2004): Auf nach Monte Carlo: Simulationsverfahren zur Risiko-Aggregation (According to Monte Carlo method: Simulation methods for riskaggregation). Risknews, 1: 30-37. Go to original source...
    7. Hnilička F., Urban J., Pulkrabek J., Hniličková H. (2009): Energetická bilance pěstování cukrové řepy (Energy balance of sugar-beet growing). Listy cukrovarnické a řepařské, 125: 260-266.
    8. Koenker R., Hallock K. (2001): Quantile Regression: An Introduction. Journal of Economic Perspectives, 15: 143-156. Go to original source...
    9. Krousky J. (2009): Cukrová řepa v roce 2009 (Sugar-beet in the year 2009). Listy cukrovarnické a řepařské, 125: 256-259.
    10. Paudel P., Matsuoka A. (2009): Cost efficiency estimates of maize production in Nepal: a case study of the Chitwan district. Agricultural Economics - Czech, 55: 139-148. Go to original source...
    11. Smejkal V., Rais K. (2009): Řízení rizik ve firmách a organizacích (Risk Management in Firms and Companies). Grada, Praha; ISBN 978-80-247-3051-6.
    12. Strnadlová H. (2009): Dosavadní vývoj a perspektivy trhu s cukrovkou a cukrem (Actual progress and perspective of sugar-beet and sugar market). Listy cukrovarnické a řepařské, 125: 334-340.
    13. Škvorecká E., Farkašová M. (2008): Variant calculation system - the instrument of economic performance management of multifunctional agricultural enterprise. Agricultural Economics. - Czech, 54: 376-383. Go to original source...
    14. Vaněk J., Červenková E., Jarolímek J., Šimek P. (2010): State and evaluation of information and communication technologies development in agricultural enterprises in the Czech Republic. Plant, Soil and Environment, 56: 144-147. Go to original source...
    15. Wolke T. (2008): Risikomanagement (Risk Management). Oldenburg Wissenschaftverlag GmBH, München; ISBN 978-3-486-58714-2. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content