Agricultural Economics, 2017 (vol. 63), issue 8
Predicting financial distress of agriculture companies in EUOriginal Paper
Václav KLEPAC, David HAMPEL
Agric. Econ. - Czech, 2017, 63(8):347-355 | DOI: 10.17221/374/2015-AGRICECON 
The objective of this paper is the prediction of financial distress (default of payment or insolvency) of 250 agriculture business companies in the EU from which 62 companies defaulted in 2014 with respect to lag of the used attributes. From many types of classification models, there was chosen the Logistic regression, the Support vector machines method with the RBF ANOVA kernel, the Decision Trees and the Adaptive Boosting based on the decision trees to acquire the best results. From the results, it is obvious that with the increasing distance to the bankruptcy, there decreases the average accuracy of the financial distress prediction and there is...
Effects of the investment support in the Czech meat processing industryOriginal Paper
Jindrich SPICKA, Zdenka NAGLOVA, Martin GURTLER
Agric. Econ. - Czech, 2017, 63(8):356-369 | DOI: 10.17221/367/2015-AGRICECON
The goal of the paper is to quantify and evaluate the effects of investment subsidies in the Czech meat processing industry. The investment subsidies should enhance the economic results of the supported companies and increase their competitiveness. The analysis is based on the fixed-effect modelling of balanced panel data of 130 meat processors in the period 2008-2013. It quantifies the impact of investment subsidies from the Rural Development Programme (RDP) and the national support programme (Decree of MoA) on profitability, labour productivity, credit debt ratio and the efficiency of production consumption. The conclusions can be generalized for...
Integration of the SMED for the improvement of the supply chain management of spare parts in the food sectorOriginal Paper
Jorge LOZANO, Juan Carlos SAENZ-DIEZ, Eduardo MARTINEZ, Emilio JIMENEZ, Julio BLANCO
Agric. Econ. - Czech, 2017, 63(8):370-379 | DOI: 10.17221/69/2016-AGRICECON
The Single Minute Exchange of Die (SMED) methodology is well-known. A great variety of studies in the field of manufacturing and production process use it, but there are few applications of this methodology in the area of the supply chain management. In the paper, the philosophy of the SMED methodology is applied to the part of the supply chain that includes the spare parts and fixtures in the food sector. This involves studying the relationship with the supplier of the installation of spare parts and fixture on the machine. The study shows how the spare parts management has several phases: the coordination and purchase of the spare parts to the supplier,...
What may determine off-farm income? A reviewReview
Radosław PASTUSIAK, Magdalena JASINIAK, Michał SOLIWODA, Joanna STAWSKA
Agric. Econ. - Czech, 2017, 63(8):380-391 | DOI: 10.17221/123/2016-AGRICECON
Farming is treated as one of the riskiest businesses. Political decisions, especially these related to the agricultural sector, may be treated as of a great importance. As a consequence, farm owners seek to diversify their sources of income and run other strategies aiming to stabilize their earnings i.e. by off-farm activities. The paper selected key groups of the determinants of the off-farm income with the aim to evaluate the current state and to propose further steps of the detailed analysis. The authors identified the mechanisms how the particular instruments influence farmers' decisions on generating the off-farm income. It may be concluded that...