Agric. Econ. - Czech, 2016, 62(3):101-112 | DOI: 10.17221/58/2015-AGRICECON

Environmental and social value of agriculture innovationShort Communication

Marie KUBANKOVA1, Miroslav HAJEK2, Alena VOTAVOVA1
1 Agricultural Research, Ltd. Troubsko, Czech Republic
2 Department of Forestry Economics and Management, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Prague, The Czech Republic

New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and environmental reporting can be constructed and implemented by providing an evaluation of a Bumblebee Nest. As a result, the total value consisting of the market, ecosystem and aesthetic value is provided. Although the market value comprises the largest proportion of the total value, it does not exceed 64%.

Keywords: New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and environmental reporting can be constructed and implemented by providing an evaluation of a Bumblebee Nest. As a result, the total value consisting of the market, ecosystem and aesthetic value is provided. Although the market value comprises the largest proportion of the total value, it does not exceed 64%.

Published: March 31, 2016  Show citation

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KUBANKOVA M, HAJEK M, VOTAVOVA A. Environmental and social value of agriculture innovation. Agric. Econ. - Czech. 2016;62(3):101-112. doi: 10.17221/58/2015-AGRICECON.
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