Agricultural Economics, 2020 (vol. 66), issue 4

Economic outcomes in relation to farmers' age in the Czech RepublicOriginal Paper

Zuzana Hlouskova, Marie Prasilova

Agric. Econ. - Czech, 2020, 66(4):149-159 | DOI: 10.17221/117/2019-AGRICECON  

The current paper aims to assess farming enterprise outcomes in the Czech Republic from a socio-economic perspective. The relationship between the age of a farms' managers and its economic results has been analysed for 1 351 farms using the FADN (Farm Accountancy Data Network) database in order to determine whether farms' economic results differ on the basis of the age of their managers. Our analysis confirms that there is indeed a correlation between manager age and a farming enterprise's economic results. The results have been analysed in detail according to the age groups of managers and farm owners, farm specialization, and farm size. The farm...

The capital structure of agricultural enterprises in the Visegrad countriesOriginal Paper

Veronika Fenyves, Károly Pető, János Szenderák, Mónika Harangi-Rákos

Agric. Econ. - Czech, 2020, 66(4):160-167 | DOI: 10.17221/285/2019-AGRICECON  

The Visegrad countries - or the V-4 countries: the Czech Republic, Hungary, Poland and Slovakia - is strong regional cooperation of four EU member states in Eastern-Central-Europe aimed at strengthening the positions of the members on both a European and a global level. The aim of this research is to analyse the capital structure of the agricultural and food companies in the V4 Member States. The results show that more profitable companies were less dependent on debt finance, while the fast-growing companies had limited access to the financial market. Company size had a significant effect only in the Czech Republic. Overall, the capital structure seemed...

Competitiveness of Polish dairy farms in the European UnionOriginal Paper

Andrzej Parzonko, Piotr Bórawski

Agric. Econ. - Czech, 2020, 66(4):168-174 | DOI: 10.17221/254/2019-AGRICECON  

This article analyses the competitiveness of dairy farms in Poland in relation to selected EU countries. The competitive advantage of dairy farms was evaluated and compared based on remuneration for family labour. Two variants of the above indicator were calculated: (1) Remuneration for family labour (FL1) as the relationship between farm net income and the farmer's unpaid labour input, and (2) Remuneration for family labour (FL2) as the relationship between farm net income minus the opportunity costs of own land and capital to the farmer's unpaid labour input. The calculations were performed based on EU FADN (European Union Farm Accountancy Data Network)...

Principles of the experience economy in designing an agritourism productOriginal Paper

Anna Sieczko, Anna J. Parzonko, Wioletta Bieńkowska-Gołasa

Agric. Econ. - Czech, 2020, 66(4):175-182 | DOI: 10.17221/209/2019-AGRICECON  

Taking action aimed at creating an attractive agritourism product contributes to the development of rural tourism. The main purpose of this study is to present reflections regarding the assumptions of the experience economy and their possible application in developing an agritourism product. The conducted empirical research involved a diagnostic survey method based on a standardized questionnaire. The study results show that the owners of Polish agritourism farms, when focusing on the material components of their offer, should also recognize the need to design memorable experiences for their clients.

Analysis of carbon dioxide emissions, energy consumption, and economic growth in ChinaOriginal Paper

Abrham Tezera Gessesse, Ge He

Agric. Econ. - Czech, 2020, 66(4):183-192 | DOI: 10.17221/258/2019-AGRICECON  

This study examines the nexus of carbon dioxide (CO2) emissions, energy consumption (EC) and gross domestic products (GDP), using an Autoregressive Distributed Lag (ARDL) bounds test approach of co-integration and error-correction model (ECM) for the period 1971-2015. The aim of the research is to i) examine the relationship between CO2 and GDP as "cross-coupling, relative decoupling, or absolute decoupling," and validate the existence of the Environmental Kuznets Curve (EKC) hypothesis; ii) detect causality between CO2 emissions, EC, and GDP, and scrutinize their impacts. The ARDL results confirm a long-run and short-run co-integration relationship...