Agricultural Economics - Latest articles
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Comparative analysis of European Union countries based on selected aspects of food security
Eva Matejková, Mária Májek, Artan Qineti, Zlata Sojková
Agric. Econ. - Czech, 2024, 70(6):265-278 | DOI: 10.17221/16/2024-AGRICECON 
This study assesses 24 European Union countries in terms of food security in 2021. In this paper, we develop a composite food security index considering various weights of indicators. The data were obtained from the FAOSTAT and Eurostat databases. The weights of 10 input indicators were estimated using a principal component analysis-based factor analysis model. The results showed that the harmonised index of consumer prices – food had the greatest impact on the food security index, while the impact of median equivalised net income and moderate or severe food insecurity had the lowest impact. Ireland achieved the highest ranking according...
Innovation for development of sustainable integrated plantation polyculture on dry land: Using Structural Equation Modelling
Rina Nuryati, Lies Sulistyowati, Trisna Insan Noor, Iwan Setiawan
Agric. Econ. - Czech, 2024, 70(6):291-308 | DOI: 10.17221/287/2023-AGRICECON
The land in the South Tasikmalaya Regency is dominated by dry land with a steep and hilly land contour. In addition, the area has a shallow soil solum, so it has a high potential for erosion and landslides. Therefore, it is necessary to innovate an integrated cultivation system that is economically feasible, but still maintains environmental sustainability. In this research, the aim is to formulate a model for the development of integrated plantation polyculture farming (IPPF) for the welfare of farmers. The method in this study uses a mixed method design. The location of the research carried out is in the Tasikmalaya Regency. The data used are the...
Unlocking sustainable competitive performance in agro-based small and medium enterprises in South Asian Association for Regional Cooperation countries
Shamim Akhtar, Yi Cui, Stephanie Efua Frimpong, Nosheen Rafi
Agric. Econ. - Czech, 2024, 70(6):309-319 | DOI: 10.17221/264/2023-AGRICECON
Agro-based small and medium enterprises (SMEs) are currently receiving top priority among policymakers of the South Asian Association for Regional Cooperation (SAARC) nations due to their great contribution to employment and GDP growth. This study examines the impact of financial literacy on the sustainable competitive performance of agro-based SMEs, with a focus on the mediating role of access to digital finance and the moderating role of business experience. Using Partial Least Squares Structural Equation Modelling (PLS-SEM), we analysed data from 345 SME owner-managers. The results indicate that financial literacy positively affects sustainable...
Target price policy and rural household income: Evidence from China
Genjin Sun, Yanxiu Liu, Yurong Zhu
Agric. Econ. - Czech, 2024, 70(5):226-243 | DOI: 10.17221/386/2023-AGRICECON
Agricultural subsidy policy can improve the planting enthusiasm of rural households by increasing their income. It is of great significance to assess and summarise the effect of the soybean and cotton target price subsidy policy and to determine future policy direction. Using the national rural fixed-observation point socioeconomic survey data from 2009 to 2017, the study employed the difference-in-differences (DID) method to evaluate the impact of the target price policy (TPP) on rural household income in China. TPP had no significant impact on the total income of rural households. Specifically, TPP increased the farm income of rural households but...
Digital economy and rural household resilience: Evidence from China
Jianghong Xu, Chenguang Wang, Xukang Yin, Weixin Wang
Agric. Econ. - Czech, 2024, 70(5):244-263 | DOI: 10.17221/317/2023-AGRICECON
Enhancing the resilience of rural households against the impacts of risks and moulding their enduring strength despite modest scale holds paramount contemporary significance for a multitude of developing nations, including China. This study uses the microdata of the China Labor-Force Dynamics Survey (CLDS), systematically measures the rural household resilience index for the first time, analyses the impact of the digital economy on the resilience of rural households, and dissects the group differences and mechanism of action. We found that from 2012 to 2018, the Chinese rural household resilience index had significant differences in time and...
Subsidy policies for the grain supply chain considering postharvest loss of grain and agricultural pollutant emission in China
Pan Liu, Bin Zhao, Haodong Tang, Jiamin Zhu
Agric. Econ. - Czech, 2024, 70(5):207-225 | DOI: 10.17221/221/2023-AGRICECON
To reduce agricultural pollutant emission (APE) and postharvest loss of grain (PHLG), the Chinese government enacted a series of subsidy policies; however, the profit-oriented supply chain members are seriously lacking or reducing APE and PHLG efforts. To address this issue, we considered as the research objective a grain supply chain consisting of a producer, a retailer and the government. We proposed the concept and functional expressions of supply chain members’ reduction efforts for APE and PHLG. We then proposed two main variables: the environmental innovation subsidy coefficient and the quantity attenuation factor of grain. According...
The European Union’s circular bioeconomy: What do the indicators tell us?
Maximilian Kardung, Du¹an Drabik
Agric. Econ. - Czech, 2024, 70(5):199-206 | DOI: 10.17221/195/2023-AGRICECON
Prior studies have noted the importance of measurement tools that track the contributions of the circular bioeconomy and other developments towards sustainable development. In this study, we examined the EU-27 as a whole and found that its circular bioeconomy, measured by the 41 indicators we used, generally progressed over the period 2004–2021. Research and development personnel and Persons employed in circular economy sectors were ranked as the most progressing indicators over the studied period, together with Patent applications to the European Patent Office, which supports the idea that the circular bioeconomy uses novel technologies...
Will the financialisation of agricultural products exacerbate food security risks? Empirical analysis from major grain-producing countries worldwide
Yujie Chen, Jiangwei Tang
Agric. Econ. - Czech, 2024, 70(4):178-186 | DOI: 10.17221/432/2023-AGRICECON
Based on data from 10 countries from the Chicago Mercantile Exchange (CBOT) wheat futures market for the period from 2000 to 2021, this study examines the impact of the financialisation of agricultural products on food security and its mechanism of action. We found that the higher the degree of financialisation of agricultural products, the stronger the negative effect on food security, which is more prominent after the financial crisis in 2008, and the effect on developing countries is more obvious than that on developed countries. The test results of the mediation effect model showed that the financialisation of agricultural products affects food...
Impact of production outsourcing on the adoption of low-carbon agricultural technologies in China
Ruirui Du, Aftab Khan, Rui Shi, Yujie Shen, Minjuan Zhao
Agric. Econ. - Czech, 2024, 70(4):187-197 | DOI: 10.17221/385/2023-AGRICECON
Adopting low-carbon agricultural technologies (LCATs) is fundamental to reducing carbon emissions in agriculture. Our study explores the factors influencing the adoption of LCATs and the roles of production outsourcing and specialised farming within the framework of off-farm employment. In this regard, survey data were collected from 1 040 farmers in the Yellow River region of China in 2020 to examine the effect of production outsourcing on the farmers’ adoption of LCATs. Potential mechanisms associated with specialised farming and off-farm employment are considered to comprehend this relationship. We also investigate the heterogeneous...
Corporate social responsibility and the relationship to stakeholders in large agricultural holdings in the Czech Republic
Marie ©impachová Pechrová, Ondøej ©impach
Agric. Econ. - Czech, 2024, 70(4):155-164 | DOI: 10.17221/369/2023-AGRICECON
Corporate social responsibility (CSR) is also implemented in agriculture, where larger agricultural holdings have a higher influence. We focused on them and situated our study to a country with a large average farm acreage – the Czech Republic. The aim of the paper is to assess to what extent large agricultural holdings perceive socially responsible behaviour as being important and how it is manifested in their relationship to the stakeholders and the behaviour in economic, social and environmental areas using Carroll’s pyramid and concept of 3 ‘P’. It is also examined if the higher perception of CSR influences the assets....
Unravelling the bidirectional impact of Chinese agricultural subsidy policy on agricultural efficiency and farmers‘ income through panel data analysis
Yungang Tang, Haojie Liao, Ye Wu, Gang Lei
Agric. Econ. - Czech, 2024, 70(4):165-177 | DOI: 10.17221/335/2023-AGRICECON
This study examined the bidirectional impact of Chinese agricultural subsidy policies on agricultural efficiency and farmers’ income. It employed panel data from 2004 to 2020 across 31 Chinese provinces, and the three-stage least squares method was used for simultaneous estimation. Different regions and farmer types were analysed separately. The findings revealed a significant bidirectional impact of the agricultural subsidy policy on agricultural efficiency and farmers’ income, signifying a strong positive feedback loop. Varied types and levels of subsidy policies differently impacted regions and farmer categories, showcasing diverse...
Indirect use value of improved soil health as natural capital that supports essential ecosystem services: A case study of cacao agroforestry
Yudha Kristanto, Suria Tarigan, Tania June, Bambang Sulistyantara, Pini Wijayanti
Agric. Econ. - Czech, 2024, 70(3):137-154 | DOI: 10.17221/281/2023-AGRICECON
Multifunctional landscapes, such as agroforestry, that improve soil health are essential in sustaining terrestrial life by supporting various ecosystem services (ESs). However, decision-making often requires more attention to soil health because its parameters have no market value. In this study, we aim to evaluate soil health parameters in cacao agroforestry and monoculture and their degradation due to erosion and to estimate their indirect use value (IUV). We develop a soil health economic valuation approach bridged by ESs because the economic valuation of ESs tends to be better studied. We estimated the IUVs of the eight soil health parameters by...
Assessment of agricultural carbon emissions reduction potential and optimisation pathways based on a framework of equity and efficiency principles: Evidence from Fujian Province in China
Jie Ye, Renshan Xie, Xingwei Deng, Minling Lin, Yang Chen, Ketao Lin, Jianzhou Yang
Agric. Econ. - Czech, 2024, 70(3):125-136 | DOI: 10.17221/329/2023-AGRICECON
Fujian Province, China was chosen as the study area for estimating the marginal agricultural abatement costs within the province based on data for 2010–2020. The study employed these estimations as a pivotal factor affecting the efficiency of carbon emissions reduction, constructed an index model to gauge the potential of agricultural carbon emissions reduction, and delved into the urban agricultural carbon emissions reduction potential from the perspectives of economic development rights (equity) and carbon emissions reduction difficulty (efficiency). Our findings indicated a marked regional disparity in the marginal abatement costs of agriculture...
Farm size and greenhouse gas emission: Do large farms in China produce more emissions?
Zhe Zhao, Fan Zhang, Yiqiong Du, Xin Xuan, Ying Cai, Gui Jin
Agric. Econ. - Czech, 2024, 70(3):112-124 | DOI: 10.17221/307/2023-AGRICECON
Farms are key to agricultural advancement and carbon emission reduction. Understanding the influence of farm size on emissions is vital for eco-friendly farming. Our study used an econometric model with instrumental variable adjustments to examine the effect of farm size on greenhouse gas emissions, revealing an inverted U-shaped relationship. The findings revealed that emissions increased with farm size until a peak and then decreased. We identified an optimal farm size range (0.45 km² to 0.58 km²) for lower emissions, where the farm size maintaining the lowest greenhouse gas emissions per unit area was 0.58 km², while the lowest greenhouse...
Palm oil trade restrictiveness index and its impact on world palm oil exports
Hakimah Nur Ahmad Hamidi, Norlin Khalid, Zulkefly Abdul Karim
Agric. Econ. - Czech, 2024, 70(3):101-111 | DOI: 10.17221/332/2023-AGRICECON
Despite numerous attempts to remove tariff and non-tariff barriers, the average number of barriers in the agricultural sector, particularly in the palm oil sector, is rising. Non-tariff effects are subjective, which makes them challenging to quantify. A new palm oil trade restrictiveness index that considers each trade barrier imposed on palm oil exports, such as tariff and non-tariff measures, is necessary to facilitate the sector’s exports. Hence, this study aims to calculate the trade restrictiveness index (TRI) of palm oil and analyse its impact on Malaysia’s and Indonesia’s palm oil exports. This study uses a gravity model...
Increasing Boro rice productivity through credit: Evidence from Bangladesh
Shah Johir Rayhan, Md. Sadique Rahman, Kaiyu Lyu
Agric. Econ. - Czech, 2024, 70(2):49-59 | DOI: 10.17221/341/2023-AGRICECON
Rice productivity needs to be increased to feed Bangladesh’s growing population. Productivity can be increased by adopting improved varieties and management practices, which require additional capital inputs. In this article, we aim to estimate the effect of formal and semiformal credit on rice productivity in Bangladesh. We surveyed 500 rice farmers to achieve these objectives. We used descriptive statistics, propensity score matching and Heckman’s endogenous treatment effect model to analyse the data. The findings indicate that literacy, television ownership and training positively influenced access to formal credit. In general,...
Understanding the cross-cultural chicken consumers' behavior
Fallah Samuel Kassoh, Baichen Jiang, Achara Boonkong, Hui Li, Abdelrahman Ali, Tanapon Srisukwatanachai
Agric. Econ. - Czech, 2024, 70(2):73-90 | DOI: 10.17221/331/2023-AGRICECON
Concerns for human health and food safety are gaining momentum in emerging and developing nations as well as in food research due to the reputations that products have established over time. Understanding cross-cultural consumers’ purchasing behaviour for chicken meat (CM) could provide valuable insights into the global food sector since it is the most consumed meat worldwide. This study examines the effect of buying features (BF), culture factors, behavioural attitudes (BA), subjective norms (SN) and perceived behavioural control (BC) on CM actual purchase behaviour (APB) in China and Sierra Leone. Primary...
Valuation of an innovative investment project using real options approach: A case study of a viticulture company in Spain
Raisa Pérez-Vas, Javier Hervés-Estévez, María Dolores Garza Gil, Raquel Fernández-González
Agric. Econ. - Czech, 2024, 70(2):91-100 | DOI: 10.17221/299/2023-AGRICECON
In Spain, the leader in pesticide sales in the European Union, a high-tech and innovative company provides services to the wine industry to optimise phytosanitary work, reduce crop losses and lower production costs. Although the nature of its business encourages the transition to a sustainable agri-food system, it also involves risks associated with uncertainty. The objective of this article was to perform the valuation of the company through the real options approach, including an expansion option, analysing whether this company will be able to increase the value of its project by expanding its activity to a larger number of vineyards. Results...
Research on the promotion effect and mechanisms of digital empowerment of food enterprises
Penglong Li, Xuan Ye
Agric. Econ. - Czech, 2024, 70(2):60-72 | DOI: 10.17221/271/2023-AGRICECON
Based on panel data from 2010 to 2020 of 151 A-share listed food-related enterprises in China, this research uses a fixed-effect model to analyse the impact of digital transformation on total factor productivity (TFP) in food-related enterprises. Our findings indicated that digital transformation has a positive and significant catalytic effect on TFP improvement in food-related enterprises. The mechanism test revealed that both cost-saving and innovation capacity enhancement effects of digital transformation contributed to the promotion of TFP improvement in these enterprises. Moreover, our heterogeneity analysis suggested that digital transformation...
Does the payment method matter in online shopping behaviour? Study on the Romanian market of vegetables during the pandemic crisis
Ioan-Sebastian Brumã, Cristina Cautisanu, Lucian Tanasã, Simona-Roxana Ulman, Meda Gâlea, Alexandra Raluca Jelea
Agric. Econ. - Czech, 2024, 70(1):34-47 | DOI: 10.17221/314/2023-AGRICECON
The present study, centred on customer online shopping behaviours, aims at analysing the frequency of vegetable acquisition and its main determining factors, while considering different methods of payment, i.e. cash, debit card, and bank transfer on the Romanian market. Using data obtained from a questionnaire applied nationwide, a descriptive analysis and logistic regression were performed. An immature market in terms of digitalisation, characterised by the customers’ mistrust in online bank transfers, but also in products sold online was observed. In addition, the income, education, gender, and size of the household appeared to be significant...
The impact of fluctuating international fertiliser prices and exchange rates on domestic fertiliser prices in Türkiye
Ozgur Bor, Nihat Dagistan
Agric. Econ. - Czech, 2024, 70(1):12-23 | DOI: 10.17221/308/2023-AGRICECON
This study aims to examine the relationship between domestic and international prices of di-ammonium phosphate (DAP) and urea fertilisers together with exchange rates in Türkiye using the non-linear autoregressive distributed lag (NARDL) model on monthly data for the period of January 2011 to September 2022. The result of the study provides empirical evidence about the presence of asymmetries in the short and long-run among these fertilisers. The findings of the study confirm that international prices of di-ammonium phosphate and urea fertilisers have a symmetric effect in the long-run and exchange rate of the Turkish lira to US dollars has an asymmetric...
Beef, lamb, pork and poultry meat commodity prices: Historical fluctuations and synchronisation with a focus on recent global crises
Massimiliano Calvia
Agric. Econ. - Czech, 2024, 70(1):24-33 | DOI: 10.17221/361/2023-AGRICECON
This work addresses short-run fluctuations of nominal global meat commodity prices, that is, beef, lamb, pork, and poultry, from January 1980 to October 2023, thus including the COVID-19 pandemic and the Russo-Ukrainian conflict. It tries to answer the following questions: how do fluctuations in meat commodity prices behave historically? Are meat commodity prices synchronised? Do their co-movements show specific features during recent global crises such as the COVID-19 pandemic and the Russo-Ukrainian war? Using a ‘classical’ framework of cycle analysis, the work provides a series of turning points upon which statistics on phase and...
Impact of external shocks on international corn price fluctuations
Shuai Liu, Dingyu Liu, Sibo Ge
Agric. Econ. - Czech, 2024, 70(1):1-11 | DOI: 10.17221/318/2023-AGRICECON
In recent years, the external shock represented by COVID-19 has caused significant fluctuations in global corn prices. Based on the weekly data on international corn prices from 2020 to 2023, this paper constructs autoregressive conditional heteroskedasticity (ARCH) class and time-varying parameter – vector autoregression (TVP-VAR) models. After analysing the characteristics of corn price fluctuations, it further analyses the influence of external uncertainties such as COVID-19, international finance, the corn futures market, and international exports of corn on corn price fluctuations. The results show that international corn price fluctuations...
Index of reviewers 2023
Editorial Office
Agric. Econ. - Czech, 2024, 70(1):I-III
Price transmission between maize and poultry product markets in the Visegrád Group countries: What is more nonlinear, egg or chicken?
Sergei Kharin, Zuzana Kapustova, Ivan Lichner
Agric. Econ. - Czech, 2023, 69(12):510-522 | DOI: 10.17221/320/2023-AGRICECON
In this article, we present applied research in the field of price transmission modelling with the generalised additive model. In line with recent studies on nonlinear time series models for price transmission, we introduce a nonparametric technique of generalised additive modelling to provide evidence of nonlinear patterns in price linkages and compare the degree of nonlinearity in price transmission between feed maize and poultry product markets in the Visegrád Group countries. The results of our empirical approach contribute to knowledge about market competitiveness in the Visegrád Group countries and provide information to policymakers.
Are futures markets functioning well for agricultural perishables? Evidence from China’s apple futures market
Qianqian Mao, Jens-Peter Loy, Thomas Glauben, Yanjun Ren
Agric. Econ. - Czech, 2023, 69(12):471-484 | DOI: 10.17221/278/2023-AGRICECON
Emerging economies often establish commodity futures markets to discover price signals, manage price risks and improve market integration, but establishing a futures market may not be feasible for agricultural perishables. In this study, we evaluated the function of the world’s first fresh fruit futures contract for apples. Combining partial cointegration with state-space modelling, we derived time-varying price discovery metrics for the apple futures market. Our findings revealed a limited and time-varying dominance of price discovery by the futures market, while a substantial share of price discovery occurred in the spot market. Moreover,...
A constant market share analysis of the competitiveness of the Czech Republic’s agrifood exports (2002–2020) to the European Union
Ivo Zdráhal, Francois Stefanus Lategan, Melissa van der Merwe
Agric. Econ. - Czech, 2023, 69(12):498-509 | DOI: 10.17221/248/2023-AGRICECON
We conducted a quantitative ex post analysis of the competitiveness of the Czech Republic’s agrifood exports to other European Union (EU) Member States between 2002 and 2020, using the constant market share (CMS) methodology. The application of this methodology to Czech agrifood exports is novel, as it allows for analysing the export competitiveness variation and its components. Although the findings are consistent with those of previous studies in which the investigators used alternative methodological approaches, we make three contributions to the existing literature. Firstly, the Czech Republic experienced an overall increase in its competitiveness...
Trust evolution, institutional constraints, and land trusteeship decisions among Chinese farmers
Qi Li, Menghui Gao
Agric. Econ. - Czech, 2023, 69(12):485-497 | DOI: 10.17221/232/2023-AGRICECON
Land trusteeship involves farmers entrusting the farming and managing of their land to trustees, who manage the land on their behalf in exchange for a commission fee. Land trusteeship has been an important approach to bridging the gap between smallholder farmers and modern agriculture in China. Because of the information asymmetry in land trusteeship, farmers have higher uncertainty and perceived risk, so social trust and institutional constraints are particularly important in promoting farmers’ participation in trusteeship. The objective of this study was to examine the impact of trust evolution and institutional constraints on smallholder...
Index of authors volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):IV-V
Index of contents volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):I-III