Agricultural Economics, 2015 (vol. 61), issue 9

Mixture design for food packaging in a modified atmosphereOriginal Paper

Jan HRON, Tomas MACAK

Agric. Econ. - Czech, 2015, 61(9):393-399 | DOI: 10.17221/182/2015-AGRICECON  

In the past, food packaging was primarily used to support product sales and protect food from contamination or environmental effects which would reduce the life of the food. According to the World Health Organization (WHO), in the United States, from 6.5 to 33 million cases of food borne diseases occur each year, and nearly 9000 of these result in death. For this reason, we use active and intelligent packaging to extend the shelf life of food and improve its quality. This article aims to create an optimisation scheme for an optimum blend preference in food packaging with an active atmosphere. This will be accomplished by setting criteria for the production...

Proposal of new outperformance certificates in agricultural marketOriginal Paper

Monika HARČARIKOVÁ

Agric. Econ. - Czech, 2015, 61(9):400-409 | DOI: 10.17221/199/2014-AGRICECON  

The paper analyses new structured financial products in agricultural market with the aim to gain in the declining trends. There are presented the reverse outperformance and the capped reverse outperformance certificates from the point of view of their investors and provided detailed descriptions of the profit functions in the analytical form. It is shown that the payoff of these certificates is an engineered from a combination of the traditional financial instrument and derivative products, especially the vanilla options. Further, there are developed formulas for pricing of these certificates and specified the conditions under which the issuer is profitable...

The interactions between agricultural commodity and oil prices: an empirical analysisOriginal Paper

Ayhan KAPUSUZOGLU, Merve KARACAER ULUSOY

Agric. Econ. - Czech, 2015, 61(9):410-421 | DOI: 10.17221/231/2014-AGRICECON  

The purpose of the study is to analyse the short and long-term relationships between the world oil prices (Europe Brent Spot Price and West Texas Intermediate Spot Price) and the agricultural commodity prices (Wheat, Corn and Soybeans). The analysis is based upon the data set covering the monthly period of 1990.01-2014.05. According to the Johansen co-integration tests results, there are no long-run relationships between each agricultural commodity prices and world oil prices at the 5% significance level. On the other hand, according to the results of the Granger causality tests, there are uni-directional causality relationships from the Europe Brent...

Impact of price realization on India's tea export: Evidence from Quantile Autoregressive Distributed Lag ModelOriginal Paper

Debdatta PAL, Subrata Kumar MITRA

Agric. Econ. - Czech, 2015, 61(9):422-428 | DOI: 10.17221/209/2014-AGRICECON  

The quantile autoregressive distributed lag model of Galvao et al. (2013) was employed to assess the impact of price realization on India's tea export. The results of the QADL varied significantly from the conditional mean estimates. It was found that the tea export from India had autoregressive impact, and that production and export price realization had asymmetric relationship with India's tea export that varied over quantiles.

Effect of the family life cycle on the family farm scale in Southern ChinaOriginal Paper

Lin LIANG, Shanlang LIN, Zuoxiong ZHANG

Agric. Econ. - Czech, 2015, 61(9):429-440 | DOI: 10.17221/68/2014-AGRICECON  

This study empirically analyses the impact of family life cycles on the family farm scale of rural households in Southern China. The ordered Probit modelling is applied to examine the survey data that comprise 2040 valid questionnaires distributed in 88 villages of the Fujian province in China. The family life cycle has a remarkable influence on the family farm scale as a whole. The numbers of children and farming people in a family have a positive significant effects on the family farm scale. In addition, the individual characteristics of female householders have significant effects on the family farm scale. Meanwhile, the family characteristics differ...