Agricultural Economics, 2021 (vol. 67), issue 3
Agriculture farms product differentiation assessment in the Czech RepublicOriginal Paper
Michal Chocholousek, Zuzana Hlouskova, Tereza Simova, Jan Huml
Agric. Econ. - Czech, 2021, 67(3):81-89 | DOI: 10.17221/442/2020-AGRICECON 
Farms generally produce products with low differentiation. To reach an increase in the profit and sales, product differentiation is one of the potential strategies that could be successfully applied. This paper identifies "Intermediate Consumption/Total Output" as a simple and user-friendly indicator for farm product differentiation performance and comparison assessment in the Czech Republic, based on a two-step cluster analysis performed on 1 225 farms with different operating conditions and reproduction process characteristics in the Czech Republic. The data are sourced from Farm Accountancy Data Network (FADN CZ). Four farm clusters based on product...
Determinants of farm profitability in the EU regions. Does farm size matter?Original Paper
£ukasz Kryszak, Marta Guth, Bazyli Czy¿ewski
Agric. Econ. - Czech, 2021, 67(3):90-100 | DOI: 10.17221/415/2020-AGRICECON
Farms in the European Union come in a wide variety of sizes and the effect of farm size on profitability (return on assets - ROA) has not been sufficiently investigated. The principal goal of this paper, therefore, is to study the determinants of farm profitability using the panels of the Farm Accountancy Data Network (FADN) on farms of different economic size between 2007 and 2018. We use a profitability function based on ratios that show the production and financial management strategies used by the farms. We also analyse the impact of subsidies under the Common Agricultural Policy (CAP). To deal with endogeneity, we run dynamic panel models using...
The impact of agricultural input costs on food prices in Turkey: A case studyCase Study
Sefa Iºik, Fatih Cemil Özbugday
Agric. Econ. - Czech, 2021, 67(3):101-110 | DOI: 10.17221/260/2020-AGRICECON
Food price inflation has been a significant subject of debate in Turkey since food prices soared in 2018. The study examines the linkage between agricultural input prices and food prices in Turkey by using quantitative method approaches with the monthly data spanning from 2015-M01 to 2020-M01. A co-integration analysis is performed using the autoregressive-distributed lag (ARDL) bounds test approach and Maki co-integration test with structural breaks. Additionally, the fully modified ordinary least square (FMOLS), dynamic ordinary least squares (DOLS), and canonical co-integrating regression (CCR) are applied to verify the results of the ARDL approach....
Price volatility of milk and dairy products in Poland after accession to the EUShort Communication
Piotr Bórawski, Marta Guth, Andrzej Parzonko, Tomasz Rokicki, Aleksandra Perkowska, James William Dunn
Agric. Econ. - Czech, 2021, 67(3):111-119 | DOI: 10.17221/459/2020-AGRICECON
Milk and dairy products help meet the nutritional needs of the population. The main goal of this research was to analyse price volatility of milk and dairy products in Poland after accession to the European Union (EU). Price is the main economic influencer. We used 161 monthly observations from 01. 2007 to 05. 2020 to analyse the price changes. To measure the volatility, we have used Augmented Dickey-Fuller test (ADF test), Autoregressive-Moving-Average model (ARMA model), and Granger test. Our research confirmed high volatility of milk and dairy products prices. The ARMA model confirmed that the dairy product prices are stationary. Milk,...