Agricultural Economics, 2014 (vol. 60), issue 9
Risk perception, attitudes towards risk and risk management: evidence and implicationsOriginal Paper
Erwin WAUTERS, Frankwin van WINSEN, Yann de MEY, Ludwig LAUWERS
Agric. Econ. - Czech, 2014, 60(9):389-405 | DOI: 10.17221/176/2013-AGRICECON 
The comprehensive risk analysis of a business such as farming entails questions on what is at stake, how important is the risk concern and how to deal with it. We performed a sequential mixed method, with the in-depth interviews in the first stage (n = 35), followed by a survey on the Flemish FADN (n = 614) in the second, to investigate the farmers' risk perception, the attitudes towards risk and the perceived usefulness of the risk management strategies. We find that, rather than the short-term volatility in prices, the longer term co-evolution of expenses versus receipts is of a major concern to farmers, next to the land availability...
An exploratory analysis of payoffs for the lifetime mortgage of farming assets and its policy implicationsOriginal Paper
Gil H. PARK, Deokho CHO
Agric. Econ. - Czech, 2014, 60(9):406-419 | DOI: 10.17221/189/2013-AGRICECON
This study discusses and calibrates a pioneered model of estimating the payoffs for the farming-asset pension (FAP), which is to comprehensively integrate the components of farming assets into the recently implemented farmland pension (FP) in South Korea. The FP was introduced first in the world so that farmland may be liquidated by the lifetime mortgage of farmland. However, it differs from conventional lifetime or reverse mortgages because its annuity program is implemented by the government according to the actuarial model whose variables are adjustable from the viewpoint of the elderly welfare. By introducing a simple standard of comprehensive...
Environmental accounting and the FADN as a basis of model for detecting the material flow cost accountingOriginal Paper
Jindřiška KOUŘILOVÁ, Jaroslav SEDLÁČEK
Agric. Econ. - Czech, 2014, 60(9):420-429 | DOI: 10.17221/79/2013-AGRICECON
The quality of the reported accounting data and the way these data are used are becoming more and more risky aspects of business management. Many instruments are already used to identify the creative accounting and the frauds and new ones are still being searched for. One of the suitable approaches is the use of the database Farm Accountancy Data Network (FAND) and environmental indicators. Monitoring of material balances and wastes in the form of environmental costs and also parts of the material balances can be a basis for the creation of the model for the detection of the material flow cost accounting. The model uses other balance areas as well:...
Factors of the attractiveness of Slovak wine market and their influence on the Czech wine export to SlovakiaOriginal Paper
Renata KUČEROVÁ
Agric. Econ. - Czech, 2014, 60(9):430-439 | DOI: 10.17221/130/2013-AGRICECON
The contribution follows the development of Czech wine exports to Slovakia, depending on the development of the wine industry attractiveness in Slovakia. Wine export from the Czech Republic to Slovakia in the terms of volume and value of exports, both globally and in the division of export bulk and bottled wine, is confronted with the development of factors influencing the wine sector attractiveness in Slovakia. The Slovak wine market is a market in the phase of growth, the wine consumption per capita in 2011 reached 14.7 Lt.; the domestic production covered only 46% of the domestic consumption. The level of the industry concentration is high, the...