Agricultural Economics, 2014 (vol. 60), issue 7
Support of strengthening cooperation and efficiency factors accelerating innovation processes in the food industryOriginal Paper
Josef MEZERA, Roman NĚMEC, Jindřich ŠPIČKA
Agric. Econ. - Czech, 2014, 60(7):295-300 | DOI: 10.17221/173/2013-AGRICECON 
The paper deals with the evaluation sub-measures of the "Cooperation for development of new products, processes and technologies, respectively the innovation in the food industry". It is a sub-measure under the Rural Development Plan (I. 1.3.2). The rating refers to the current programming period, but it was made in the context of a preparation of the new programming for 2014-2020. Strengthening of the cooperation and efficiency factors accelerating the innovation processes in food can act as a tool to gain competitive advantage for the future. It was based on the on- line survey on innovation in food companies, which are mainly in addition of supporting...
A general equilibrium analysis of food industry considering the food qualityOriginal Paper
Pu-Yan NIE, You-Hua CHEN
Agric. Econ. - Czech, 2014, 60(7):301-308 | DOI: 10.17221/115/2013-AGRICECON
By establishing a dynamic equilibrium model, the paper analyses the equilibrium of the food industry and the equilibrium about the food quality as well as quantity is achieved. Firstly, the study examines the effects of competitions on the price, outputs, profits and social welfare. The authors argue that competition reduces the food quality. Secondly, this paper shows that consumers benefit from the quality regulation while producers undertake a loss. Moreover, social welfare first increases then decreases with the regulation. Thirdly, the optimal quality regulation is presented and a higher quality regulation reduces competition, while the lower...
Weather derivatives and hedging the weather risksOriginal Paper
Josef TAUŠER, Radek ČAJKA
Agric. Econ. - Czech, 2014, 60(7):309-313 | DOI: 10.17221/11/2014-AGRICECON
The article focuses on weather derivatives with the aim to present the substance of weather derivatives as relatively new financial products and to discuss their advantages and disadvantages when being used as a tool to diminish the loses coming from these suboptimal weather conditions. We conclude with the findings that weather derivatives have a great potential to develop further. They provide an opportunity to hedge against the suboptimal weather conditions at reasonable costs. However, the hedging effectiveness is the main issue to be analyzed in each specific business case.
The use of controlling in agricultural enterprises and their competitivenessOriginal Paper
Alžbeta FOLTÍNOVÁ, Jindřich ŠPIČKA
Agric. Econ. - Czech, 2014, 60(7):314-322 | DOI: 10.17221/19/2014-AGRICECON
The article aims at the evaluation and comparison of the structure of costs linked to the milk production in the Czech Republic and the Slovak Republic. The paper focuses on the potential of the cost controlling in agricultural production. The analysis is based on data from the comparable sample surveys of costs and yields of agricultural commodities carried out by the Institute of Agricultural Economics and Information, Prague, and the Research Institute of Agricultural and Food Economics, Bratislava, in the period 2007-2012. The authors apply the contribution margin calculation and the gross margin calculation. Using target costing, the upper limits...
The developing trends of Hungarian agricultural loans in the term of 1995 and 2012Original Paper
Zsuzsanna SZÉLES, Zoltán ZÉMAN, Sándor J. ZSARNÓCZAI
Agric. Econ. - Czech, 2014, 60(7):323-331 | DOI: 10.17221/187/2013-AGRICECON
The articleanalyses the agricultural HUF and FX loans and trends between 1995 and 2012. The authors use the linear and exponential analysis in trends of loans for agriculture in Hungary. During the period of 1995-2012, the bank loan for agriculture in percentage of the total bank loan in Hungary was at the highest level, namely 9.76%, when the total loan amount was 192.1 billion HUF in 1998, and this was at the lowest level, namely 3.69%, when the total loan amount was 265.6 billion HUF in 2010. The authors draw a growing linear trend of loans until 2005, namely the loan amount was 358.8 HUF billion, after that little decreasing occurred until...
The linkage between oil and agricultural commodity prices in the light of the perceived global riskOriginal Paper
Giray GOZGOR, Baris KABLAMACI
Agric. Econ. - Czech, 2014, 60(7):332-342 | DOI: 10.17221/183/2013-AGRICECON
The paper examines a systematic interrelationship between the world oil and agricultural commodity prices, taking the role of the USD and the perceived global market risks into consideration for the period from January 1990 to June 2013. The authors initially determine the significant cross-sectional dependence in a large balanced panel framework for 27 commodity prices, and then apply the second generation panel unit root (PUR) tests. Findings from the PUR tests clearly suggest that there is a strong unit root in agricultural commodity prices. In addition, the empirical findings from the fixed effects panel data, panel co-integration analysis, the...