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In Catalonia, agroecological cooperativism is part of a set of alternatives that appeared as a response to the current hegemonic food consumption model, controlled by large commercial establishments. It is defined by its promotion of short food supply chains (SFSCs), operates under the values of the social and solidarity economy (SSE) and holds a strong political commitment. This article, on the one hand, studies the setup of agroecological cooperativism understood as the outcome of a network of producers, intermediaries and consumers and, on the other hand, examines the impact of information and communication technologies (ICT) in the development of this consumption model. The data has been obtained through on-site interviews and online research on the 56 consumer groups and cooperatives present in Barcelona. Descriptive statistics and correlation analysis have been used to study them. The results prove the salient role that ICT has as a facilitator in the relational network established between the agents that take part in it, thus becoming a key characteristic element of the new agroecological consumer cooperativism.

Smart Specialization in this research is addressed to the use of collaboration as a tool for increasing efficiency of investment in entrepreneurship, research and innovation in a service-driven post-industrial economic system. This study provides evidence that collaboration potential is used only partly during the implementation of Smart Specialization strategy. The research illustrates given thesis by the evaluation of collaboration in Lithuanian biogas sector, which is listed among the priorities of Lithuania's Smart Specialization strategy till 2020, using structured interviews. The main aim of this empirical research is to assess the will to collaborate in order to enhance the development of Smart Specialization and identify unused collaboration potential among all Quadruple Helix model counterparts in the biogas sector. Empirical findings show that collaboration in the Smart Specialization development has a big potential. However, this potential is used only partly because of lack of knowledge and available business infrastructure for this task and the passive role in collaboration processes of government institutions. Research findings suggest that current situation should be changed by supporting measures for business and NGOs with the aim to encourage collaborative initiatives for Smart Specialization. Research findings might serve as guidelines for policy makers, entrepreneurs, university and NGO managers.

Common wheat, a fundamental commodity on international markets, is increasingly differentiated into commercial types on domestic markets to meet the demand of processing companies. Improver wheat, biscuit wheat, ordinary and superior bread-making wheat are commercial varieties with specific technological characteristics. Wheat farming systems are constantly evolving, and as a result, related environmental issues emerge. We applied an LCA (Life Cycle Assessment) analysis, where the functional unit was 1 tonne of grain for each typology and system boundaries were from cradle to farm gate. Primary data were used in the study, and special attention was paid to fertiliser use. From an LCA perspective, our findings show that nitrogen (N) plays an essential role in plant production although producing different waterborne and airborne emissions and nitrate leaching, for the 4 commercial typologies studied. Furthermore, the impact can be differentiated based on the technological features of the commercial types. Our results led us to observe that the four wheat types show contrasting economic and environmental performances.

Milk production is one of the most important areas of the Czech agrarian sector, as evidenced by its 50% share (at 2017 prices) in revenues from livestock production. As for any business, a certain level of profitability is a prerequisite for long-term and sustainable development of dairy farms. This study's aim was to evaluate the economic efficiency of milk production from both Czech Fleckvieh (C) and Holstein (H) cows based on data collected each year from 48 to 70 Czech dairy farms in the period from 2012 to 2017. Total costs per feeding day and litre of milk, level of profitability, and income over feed costs were calculated. The influences of herd size and milk yield on profitability and break-even points were examined while sensitivity analysis and model calculations were utilised to predict profitability. The farms with higher average milk yields (>7 500 and >9 500 L per lactation for C and H, respectively) had higher costs per feeding day, lower costs per litre of milk, and improved profitability (p < 0.05). Average break-even points were estimated for milk price (0.31 and 0.32 EUR) and milk yield (7 257 and 9 209 L) in C and H herds, respectively.

A public private partnership can be an effective approach to deal the projects with modern agricultural development in Sub Saharan Africa. A former financial analysis of a development project, carried out by the authors, showed that public and private partners can effectively join in a mutually satisfactory venture capital. The same project is now complemented with a bankability study, considering lenders options, equity allocation, collaterals and likely applicable interest rates, available cash flow and sustainable debt service repayment to provide a through financing scenario for each partner's perspective assessing the relevant Debt Service and Loan Life Cover Ratios. Cash flow and interest rates fluctuation impacts are eventually investigated with a sensitivity analysis to prove the robustness of the proposed scenario.

The agricultural traceability system provides information transparency throughout the agricultural supply chain. This paper applies game theory to analyse the traceability system used by the herbal product industry in order to elucidate the strategic choices made by government authorities, farmers (e.g. producers), certification agencies, and consumers. This paper clarifies how relevant variables affect the traceability system employed in the herbal product industry. The analysis yields strong results and indicates a superior equilibrium; the observed strategic choices comprise active traceability system promotion by authorities, development of a comprehensive traceability system by farmers, maintenance of independence by certification agencies, and purchase of herbal products by consumers. The traceability system and existing herbal product safety programs must be refined because they are crucial to consumers, farmers, and people who support agricultural communities. These results contribute to the literature in the field, serving as a reference for members of the herbal product industry, government authorities, and academics.

The article is dealing with an issue of subsidies granted to agricultural enterprises arising from the Common Agricultural Policy (CAP). The aim of the paper is to quantify the effects of the individual subsidies that were used by agricultural enterprises according to their profits, losses and revenues. The size structure of agricultural enterprises in the Czech Republic is taken into account for more detailed measures of the subsidy impact. The article uses key data such as financial statements of agricultural enterprises and subsidies that were received by companies over the years 2007-2011. The analysis was performed by using the fixed effect model. An evaluation of current economic situation of these enterprises including the structure of drawn subsidies was carried out before the analysis. Different impacts of subsidies on the company´s management have been proved. The subsidies influence the medium and large enterprises significantly and positively. A negative impact of subsidies was observed on profits and revenues of small businesses. Detailed results are described in the article.

For at least 25 years, processes involving structural changes have been growing more and more intense in the countries of Central and Eastern Europe, with these processes including a decline in the number of small farms. The main aim of this paper is to present the mechanisms involved in, as well as barriers to and costs preventing the exit of farms from agriculture, including those that make it difficult to transfer production resources which are being released to other companies. This research takes the form of an overview and is based on the output of new institutional economics, and on transaction cost and rent-seeking theories in particular. The most frequent difficulties encountered in the process of exit from farming include low profitability of production and the shortage of capital among potential buyers, while the lack of sellers' financial resources and the necessity of incurring expenses related to preparing and finalising the sale of resources held by them (the actual transaction costs related to closing down farms) are frequently overlooked. The most important barriers preventing the complete liquidation of farms are the inherent transaction costs categorised as expenses, as well as the emotional costs and costs of alternatives, which are difficult to evaluate and estimate. The following notions are particularly helpful in explaining barriers to exit from farming: the concept of transaction costs and rent-seeking theory, which are both a part of the stream of thought of new institutional economics.

The fall of the communist system in Central Europe was followed by dynamic social and economic change that also had its clear impact on the food sector. One of the key factors shaping the contemporary condition of the agricultural sector in region has been change of ownership, with the collapse of the nationalised sector and restitution of property to former owners. The work presented here considers the main directions of changes and assessment of selected economic processes ongoing in the farming sector over the last quarter-century throughout the region under consideration. This analysis may be further broken down in relation to the three suggested phases of change, i.e. transformation, integration and polarisation. The work took in five countries of the former Eastern Bloc, i.e. the Czech Republic, Hungary, Poland, Romania and Slovakia.

The specificity of the agricultural sector (seasonality, the methods of obtaining human resources and so on) affects the situation in the labour market. The demand of agriculture companies for qualified workers is relatively high; unfortunately, people still prefer to work in the related or other fields where they have more suitable work conditions related. Building the brand of the employer, improving the awareness of the public and increasing the loyalty of the present employees can raise the offer of vacancies and obtain new qualified employees. The aim of the paper is to identify the benefits of human resource branding in businesses arising therefrom. A partial aim is to identify the present key managerial challenges of agriculture businesses. In the work, the data collected from a questionnaire survey (n = 108) were used together with the information from the Czech Statistical Office, in the opinion of which the labour market in the agricultural sector does not exhibit a positive trend. As a part of the evaluation, a factor analysis was carried out identifying three categories of benefits (the stabilisation of workers, organisational processes, and other benefits) crucial for the employer branding in agriculture.

Mexican agricultural production has been characterised by a lack of dynamism in recent years and is losing ground in terms of GDP. This may reflect the lack of funding from commercial and development banks. This research aims at studying the dynamics of the agriculture sector through econometric analysis using Vector Autoregressive (VAR) and Vector Error Correction (VEC) models in order to examine the short- and long-run relationships among agricultural production, terms of trade (ratio of agricultural prices and general price level), agricultural exports and lending from commercial and development banks. The main empirical findings, contrary to what was expected, is that even though there was a precarious level of funding from the banking sector, credit from commercial banking was higher than that from development banking in the last decades. Further, relative prices were found to have a negative relationship with agricultural exports, showing the importance of the external sector in agriculture.

The paper is devoted to an analysis of the development of agrarian farms in Visegrad Group (V4) countries, primarily in terms of results and the most important production inputs of production factors and their efficiency in the period from 2004 to 2013 based on the EU Farm Accountancy Data Network (FADN). The results of the analysis show that if farms in the V4 countries want to achieve the same performance as developed countries, they must invest more in purchasing intensification factors and adjust the structure of assets production specification. It will be necessary to stop the reduction in the numbers of livestock and to strive for growth in gross farm income, mainly through the processing of agricultural raw materials.

Land, water, sun, infrastructure, capital and know-how are needed for any agricultural development. Sub-Saharan Africa has immense natural resources, though often not immediately available altogether in the same place, but is generally short of the other inputs. That is why a public-private partnership can be an effective approach to deal the projects with modern agricultural development: public partner provides land, most of the infrastructure and finance; private partners provide the intensive farming practice, processing know-how and part of the equity. Financial analysis of lower and higher capital demanding scenarios and testing of the impact of changes in the critical drivers of costs and revenues shown that a combination of staple crops and cash crops can be found to balance national food security policy targets and financial appeal for private partners in a mutually satisfactory venture capital. The effect of environmental and infrastructural constraints was also considered, showing how likely-to-happen threats on the side of the implementation of the project may turn into challenging opportunity to climb the agribusiness value chain upward.

In the paper, the price volatility was examined. The authors used 650 weekly observations from 2003 to 2015. Such a long period of analysis helped to reveal periods with high volatility. The objective of the paper was to recognize price volatility of agricultural commodities in Poland. The authors chose beef, pork and wheat markets to show the differentiation of price volatility. It revealed periods of large and small volatility. The global market situation impacted Polish agricultural markets with the opening markets and a greater access to the new markets. The periods having the strongest impact on Polish agricultural markets were the integration with the EU, the global crisis in 2008, and problems in the EU zone. The prices of analysed agricultural commodities differed in various EU countries. The prices of wheat increased most in France, Hungary and Lithuania. The prices of store cattle increased most in the years 2004-2015 in Estonia, Sweden and Luxemburg. The prices of pigs increased most in Malta, Sweden and Cyprus.

Organic farming has become a topic that receives an increasing academic as well as popular attention. This study examines the financial differences between the organic and conventional farmers, as well as their income volatility. Based on the Student's t-test, the regression analysis and the matched-pair investigation on a sample of Czech 291 organic and 4045 conventional farmers over the period 2009-2013, the study indicates that the organic agricultural companies outperform the conventional companies in the terms of profitability. However, their asset turnover is considerably lower. No evidence of different income volatility has been found.

This review focuses on Czech implementation of standards for soil and water protection called Good Agricultural and Environmental Conditions (GAEC), with linkage to the European Union (EU) level. I investigate different elements of adaptive institutional economics: (i) summarise current knowledge regarding the social reasons for introducing GAEC; (ii) assess the evidence linked to GAEC to better understand the potential as well as boundaries of formalizing cause-effect links; (iii) clarify the pertinence of producers' claims on costs accruing from GAEC implementation. These three points highlight the thesis of this paper: implementation in farmers' practices of the theoretical concept of sustainability in terms of bridging together economics, society and the environment. The economic reasoning for GAEC introduction within adaptive institutional economics stems from the relational positioning of the knowledge of the costs of the impact of agricultural land use on other characteristic rural land uses. GAEC are needed, albeit the size of support obtained by producers surpasses the costs of complying; therefore, the result pays off for farms. We have learned that GAEC implementation is important from regional to EU levels and that its role is more related to economic institutional adaptation than to regulation. Adaptation of institutional economics is therefore feasible, making it possible to understand GAEC as a network which manages and enables knowledge transfer linked directly to regulation. Institutional economics can link sustainability with farmers' practices and accounts for the behaviour of the farmers. In this review, I find that, for society, it is necessary to require measurement of agri-environmental outcomes for water resources, soil and biodiversity through GAEC at appropriate scales. These scales are likely to be relevant to adaptive institutional economy localities perceived by the rural public.

The study concerns the measurement of the technical efficiency of agriculture in the 27 European Union (EU) countries in 2010. The studies were conducted based on the result-oriented DEA method assuming variable advantages of scale. Moreover, in the study, the factors affecting technical efficiency were identified, and the econometric modelling of their impact was performed with the use of the Tobit model. The studies indicate that across the 27 EU Member States, the level of the technical efficiency of agriculture is diverse, and the difference between the states with the highest and the lowest efficiencies is 40%. Cyprus, Denmark, Greece, France, Spain, the Netherlands, Luxembourg, Italy and Malta were identified as the countries with the thoroughly technically efficient agriculture. In turn, the least technically efficient agriculture is observed for the Czech Republic, Lithuania, Hungary, Ireland, Latvia and Slovakia. Taking into account the factors determining the technical agriculture efficiency, it should be noted that the stimulants have proven to be such factors as: the soil quality, the age of the head of the household and the surcharges for investments. In turn, the size of the farm appeared to be irrelevant from the viewpoint of the technical efficiency of the agricultural sector.

In view of the strengthening demographic trend of ageing of the population and the pension reform underway in the Czech Republic, the problem of Age Management, which focuses on the management taking into account the age of employees, has become very current from the perspective of securing manpower. The agricultural sector has also long been facing problems in the area of manpower. Therefore, the aim of the article is to analyse and evaluate the costs for supporting the Age Management in agricultural businesses and to propose measures leading to the effective utilization of these analysed financial means. The data were acquired on the basis of a quantitative survey with the aid of a questionnaire survey in agricultural businesses in the Czech Republic (the number of businesses: n = 436, the number of agricultural businesses: n_z = 103). One of the conclusions of the article is that 24.3% of the approached agricultural businesses are implementing the Age Management. These are primarily small and medium agricultural businesses with up to 50 employees, which incur in average 6 to 10% of operational costs in relation to the gained profits on the application of the Age Management principles.

The paper investigates the innovation process in the Hungarian agri-food sector using the concept of open innovation. The empirical analysis is based on the data from a 2011 survey of more than 200 small and medium size agricultural producers, food processors and retailers. There is determined the impact of open innovation and a company's absorptive capacity on the innovation performance employing two stage approaches. First, a cluster analysis is applied to categorise companies based on their open innovation absorptive capacity, firm and managerial characteristics. Second, using semi-non parametric probit models, there is found that open innovation positively influences the innovation performance for the product and market innovation. Estimations indicate that the absorptive capacity has positive impacts on the technological- and organisational innovation and on innovation propensity. The results suggest that there exists a considerable heterogeneity both within and between the supply chain segments regarding to the innovation performance.

Excise duties are an important source of the government revenue and their rates change relatively often in the Czech Republic. Reforms of excise duties change the prices of goods, a change to which the households respond by adjusting their expenditures. In the contribution, there are used detailed Czech Statistical Office data and the estimates of own- and cross-price and income elasticities for the individual households to create a microeconomic simulation model that enables to simulate the impact of changes in excise duties on the households' demands. There is shown the distributional impact of the current excise duties and then the impact of the hypothetical increases of 10 per cent in each of them is simulated. Further, there is simulated the impact of certain approved or proposed changes in the excise duties including the unsuccessful 2012 proposal to introduce an excise duty on wine.

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, the storage of these spare parts, the coordination of these spare parts and the scheduled maintenance, and the installation of these spare parts on the machine. The implantation of the developed working methodology has obtained a relevant improvement in the coordination and management of the spare parts. In such a way, that storage time has been reduced (inside the company's storages) and the performance has been increased, focusing on and detailing the maintenance task and scheduling the available resources.

The paper is an attempt to address the advantages and risks connected with the wave of financial globalisation, with a focus on its impact on financial policy in European agriculture. The aim of the paper is to identify the basic conditions of the functioning and change of the financial system of agriculture under the conditions of the globalisation of financial markets. Financial globalisation, also referred to as financial integration or openness, is understood as an increase in global ties and interdependences caused by capital flows. Potentially, globalisation can bring a lot of benefits, which are manifested in an acceleration of economic growth and decreased fluctuation in consumption, which should further improve the level of overall prosperity. On the other hand, however, internationalisation of financial flows entails a range of threats, including the possibility of crisis.

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 the significance of direct payments is still very high. Subsidies generally discourage farmers from the non-agriculture employment. The influence of socio-demographic characteristics is significant, however, the strength of this impact is determined by the additional factors like the situation in the labour market. In case of environmental determinants, it should be noted that there is a limited group of factors that may be out of control by the farm operators. The value added of the article is an attempt to identify the mechanisms how the particular instruments may influence farmers' decisions on generating the off-farm income. The article finishes with the authors' recommendations for further empirical studies.

The goal of the paper was to define recommendations of a suitable business strategy for SMEs in the area of primary agricultural production. First, the external environment was analysed to define suitable recommendations for the industry, and also to discover opportunities and threats through fitting strategic analyses, that affect the aforementioned businesses. Secondly, it was necessary to get familiar with the internal environment and functioning of specific businesses in the industry (namely those that operate in the Western region of Prostějov at the foot of the Drahanska Highlands) and to evaluate their efficiency to define their strengths and weaknesses. The paper demonstrates that there is a wide range of means that can be taken advantage of when defining fitting strategies for agricultural businesses, e.g. the Porter's Five Forces Model, the IFE and the IE Matrix, the SWOT Matrix as well as the general strategies by Ansoff. Among the most important recommendations for increasing the competitiveness of SMEs in the agricultural industry, there belong: taking advantage of all the suitable agricultural subsidies, taking advantage of accredited agricultural advisors, making sure that the legal requirements of governmental bodies are met, increasing revenues for arable farming (through a good quality seed stock, chemicals and fertilizers, the foundation of suitable storage facilities in order to postpone the sales of the grain after the harvest season), creating sales cooperatives/associations to balance the competing force of buyers, rejuvenating the workforce, solidifying the ownership structure in the businesses, entrepreneurial diversification (electrical energy production), increasing quality in animal farming.

Agricultural land represents a country's natural heritage. Therefore, land protection is an issue that is the subject of various legislative measures, also including those that affect land fragmentation. Land fragmentation is a problem that hinders the effective use of land. In 1995, Slovak lawmakers adopted Law 180/1995 Coll., which prevents the fragmentation of land under a minimum size. The aim of this paper was to determine whether Slovak legislation concerning land fragmentation is effective and prevents this phenomenon. We compare the Slovak legislation with the legislations of other countries, and, further, we describe the existing situation with respect to land fragmentation in the individual regions of the country according to the requirements of Slovak legal regulations. The results include proposals for the potential amendment of the legal regulation to ensure the effective prevention of land fragmentation.

Green finance is a core part of the low carbon green growth, because it connects the financial industry, environmental improvement and economic growth. The objective of this paper is to study the green finance and to validate the concept as feasible in the Indian industries for balancing the ecological depreciation due to the assimilation of carbon gases in atmosphere. Green Finance is a market-based investing or lending program that factors environmental impact into risk assessment, or utilizing environmental incentives to drive business decisions. Therefore, the paper also discusses the recent trends and the future opportunities and challenges in green finance in the emerging India. Green investing recognizes the value of the environment and its natural capital and also seeks to improve the human well-being and social equity while reducing environmental risks and improving the ecological integrity.

In the agricultural industry, many brokers exploit the benefits between farmers and customers and decrease the farmers' income. As the technology has developed, the internet has become the best advertising medium for many industries. In light of this, this study based on the Google Earth has designed an on-line Agricultural Products Navigation System operated by mobile devices which can easily exclude brokers, and build the bridge between farmers and customers in order to increase the farmers income and customer benefits. Moreover, based on the IS success model of DeLone and McLean, by using the qualitative methodology, it is expected that this model will be able to provide system developers with the knowledge to improve the success of their systems.

In a time of a constant change, a company with high-quality, talented employees not only has an advantage in the competitive environment but it is also a more attractive proposition for the potential employees. It is also a 'great place to work' for the existing employees. The article therefore focuses on the approaches to implementing the strategic talent management which are taken by the agricultural and forestry companies. The paper investigates the position taken regarding the talent management in theory. It is based on the aims of a primary survey, the purpose of which was to develop a deeper understanding of the supporting theoretical concepts underpinning the company approaches to talent. The objective of the work is to identify the main components of the strategic talent management based on the primary survey of companies operating in agriculture and forestry. This is accomplished by evaluating the data obtained from the primary analysis of the methods and approaches used on 101 farms and other agricultural companies. The data comes from the manager surveys for which a single manager represented the given company. The mono-dimensional and multi-dimensional statistics were used to evaluate the data. The results indicate that in 62% of the companies examined are familiar with the principles of the talent management and that the talent management forms part of the mission of the company (48%). A deeper analysis is used to further examine the differences in the approach of the companies included in the study. The paper contains an in depth discussion of the concept of the strategic talent management, as well as identifying the main processes connected with it. Moreover, the paper presents new research findings by defining and validating the main attributes of the strategic talent management (TM); additionally the gap between the awareness of the top management of the talent management concept and its use in practice is found and discussed.

Because of the Greek economic crisis, almost all businesses are facing difficult times with severe consequences for employment and the whole economy. Responding to the economic crisis, the companies cut off investments, wages and reduced personnel. However, the companies have to adapt their business strategies to cope with the crisis. This paper conducts a strategic assessment of the Greek agricultural cooperatives during the first half of 2013 using in-depth interviews with cooperative executives in order to illustrate how they have responded to the crisis and also to investigate their strategic options for the upcoming period. The results of the analysis show that agricultural cooperatives have chosen the retrenchment and cost-cutting strategies by restraining their activities while they appear eager to export their production. In addition, the cash shortage forced them to count exclusively on their members to finance any new economic activity. According to the cooperatives' executives, their adaption strategies exclude abandoning the activities and selling the equipment and their real estate properties, while they involve exports, the experienced personnel and marketing investments. These results could provide helpful directions not only for the agricultural cooperatives' management boards but also for the food industry businesses operating under a severe economic situation such as the present Greek economic crisis.

At present, the fundamental development way of agricultural production lies in science and technology to achieve the agricultural sustainable and stable development and ensure the effective supply of agricultural products for a long time. Many Chinese scholars had done many researches about the agricultural science and technology innovation. Numerous scholars got much valuable research conclusions for improving the construction of agricultural science and technology innovation system. However, there were still some problems existing in the current agricultural science research system, such as that the agricultural science and technology studies were divorced from the agricultural production, the mechanism of the market was still imperfect, there was an unreasonable layout in the agricultural science and technology. Therefore, we wanted to know the dynamic and the evolution path of the international agricultural science and technology innovation. What is more, we wanted to know whether there was a significant difference between the domestic and overseas agricultural science and technology innovation and if the international experience was good for the development of the Chinese agricultural science and technology innovation. So, there was analysed the research theme, the hot-spots and frontiers of international agricultural science and technology innovation based on the Citespace III to get the situation and character of the relevant international research.