Agricultural Economics, 2013 (vol. 59), issue 12

Farms in the less favoured area conditions in SlovakiaOriginal Paper

Ľuboslav SZABO, Miroslav GRZNÁR

Agric. Econ. - Czech, 2013, 59(12):543-550 | DOI: 10.17221/122/2013-AGRICECON

The paper deals with the management of agricultural businesses that operate in low-production conditions known as the LFA (Less Favoured Areas). Under these conditions, there are more than half of farms - legal entities. The past analyses have suggested that these farms are gaining more support funds, but objectively their costs are higher. The disparity is reflected in almost half of the loss-making farms, with worse results achieved more by agricultural cooperatives than by business companies. In the terms of the measures implemented in the rural development plan, the LFA farms apply multifunctional production structures. Slovak farms operating in...

Development of farms according to the LFA classificationOriginal Paper

Jana LOSOSOVÁ, Radek ZDENĚK

Agric. Econ. - Czech, 2013, 59(12):551-562 | DOI: 10.17221/66/2013-AGRICECON

The aim of the paper is to assess the situation and development of Czech agriculture by the production and economic ratios of a sample of farms. The development is evaluated using a database of farms from the Czech Republic since 2000, divided by the share of land included in the LFA. The year 2011 revealed a significant improvement in economic indicators over the previous year. A positive profit appeared in 95% of enterprises and economic results approached the results of 2007. An important trend is the reduction in the number of workers, when in 2011 the number of workers was equal to 70% to that in 2000, while labour productivity is increasing annually...

Short term momentum profits and their source: a business indicators' approachOriginal Paper

Abdullah EJAZ, Petr POLAK

Agric. Econ. - Czech, 2013, 59(12):563-577 | DOI: 10.17221/50/2013-AGRICECON

The main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the notion that CAPM cannot explain the momentum profits supported by a large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of "Business Indicators", to explain the momentum profits. It is found that a variable "Starting a Business" could explain the source of the momentum profits whereas other...

Is China's domestic agricultural market influenced by price fluctuations of the world agricultural commodities in the short-run?Original Paper

Yu JIANG, Yu WANG

Agric. Econ. - Czech, 2013, 59(12):578-589 | DOI: 10.17221/54/2013-AGRICECON

After entry into the WTO, China's domestic agricultural market is more and more closely integrated into the world market. Recently, a significant price fluctuation of agricultural commodities in the global market has increased concerns over its impact on the economic stability in those developing countries such as China, which has a large import and export of agricultural commodities every year. This paper attempts to study the short-term impact from price fluctuations of the world agricultural commodities upon the China's domestic agricultural market by investigating the dynamic correlation between the price change in the world and Chinese market...