Agricultural Economics, 2022 (vol. 68), issue 2
The impact of the Russian import ban on EU agrarian exportsOriginal Paper
Luboš Smutka, Josef Abrhám
Agric. Econ. - Czech, 2022, 68(2):39-49 | DOI: 10.17221/351/2021-AGRICECON 
The main goal of the paper is to evaluate the impact of the Russian import ban on the development of agricultural exports from EU member states. The study is based on a time-series analysis of empirical statistical indicators. The analysed period is between 2009 and 2019. The source of data for individual analyses is UN Comtrade (2021). The evaluation of export performance is extended by hierarchical cluster analysis. The study quantifies the effects of the import ban on the EU and individual member states through two scenarios. Scenario 1 is based on the cumulative loss of the value of exports. Scenario 2 assumes a continuous development of the value...
Testing for asymmetric cointegration of Italian agricultural commodities prices: Evidence from the futures-spot market relationshipOriginal Paper
Carlotta Penone, Samuele Trestini
Agric. Econ. - Czech, 2022, 68(2):50-58 | DOI: 10.17221/226/2021-AGRICECON
The volatility of food prices still raises concerns among agricultural market players, increasing interest in the futures markets, thus calling for a better understanding of the connection between the futures and the Italian spot prices. This study uses symmetric and asymmetric vector error correction models to investigate the relationship between futures and spot prices for the Italian agricultural markets of soybean, corn, and milling wheat. The results confirm the leading role of the futures contract prices for all the considered commodities. Moreover, the non-linear cointegration analysis results suggest price transmission's asymmetries for all...
The income-assets relationship for farms operating under selected models in PolandOriginal Paper
Aleksander Grzelak
Agric. Econ. - Czech, 2022, 68(2):59-67 | DOI: 10.17221/361/2021-AGRICECON
The aim of this paper is to outline the relationship between income and assets when taking into account selected models of farms' functioning. The following farm models are examined: traditional, industrial, sustainable, and organic. Panel models were used that were based on the results of individual unpublished data for farms in Poland that undertook agricultural accounting according to the Farm Accounting Data Network (FADN) principles from 2004 to 2019. It was found that industrial farms had the clearest income-assets relationship, while traditional farms had the least clear relationship. The value of land, as a component of assets, was found to...
Consumer segmentation in the meat market - The case study of Czech RepublicCase Study
Jindřich Špička, Zdeňka Náglová
Agric. Econ. - Czech, 2022, 68(2):68-77 | DOI: 10.17221/334/2021-AGRICECON
The paper responds to the ongoing trends in meat consumption in developed countries and fills the gap in empirical studies on consumer segmentation by preferences in the purchase of meat and meat products in the Czech Republic. The paper aims to assess the differences between the consumer segments according to their preferences in purchasing meat and meat products. The data source was a quantitative questionnaire survey conducted among a representative sample of 992 respondents. An exploratory latent class analysis segmented consumers according to the decision-making criteria when buying meat and meat products. The results complete the picture of the...