Template-Type: ReDIF-Article 1.0 Author-Name: Filip Hampl Title: A statistical analysis of the financial performance of organic and conventional farms in the Czech Republic with respect to their size Abstract: Organic farming represents an environment-friendly alternative to conventional farming techniques. The aim of this paper is to assess whether there are differences in financial performance of the Czech agricultural enterprises as measured by financial analysis indicators in relation to the selected farming system (conventional vs. organic), the farm size (with respect to organic and conventional farms) and the interaction of these two factors in the period 2012-2016. A three-step approach including two-way multivariate analysis of variance (MANOVA), non-parametric two-way analysis of variance (ANOVA), specifically the Scheirer-Ray-Hare test, and post hoc Dunn's test has been employed. The data sample comprises of 172 conventional and 136 organic farms, divided into three size categories. The effect of the selected farming system is manifested in return on sales, cost ratios, and asset turnover ratio. The farm size affects return on assets, cost ratios, liquidity and debt. The interaction of the factors has only been detected as regards return on assets. Keywords: analysis of variance, conventional farming system, financial indicators, multivariate analysis of variance, organic farming system Journal: Agricultural Economics Pages: 1-9 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/78/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/78/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0001.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:78-2019-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Alessia Cavaliere Author-Workplace-Name: Department of Environmental Science and Policy (EPS), Università degli Studi di Milano, Milan, Italy Author-Name: Elena Siletti Author-Workplace-Name: Department of Economics, Management and Quantitative Methods (DEMM) - Università degli Studi di Milano, Milan, Italy Author-Name: Alessandro Banterle Author-Workplace-Name: Department of Environmental Science and Policy (EPS), Università degli Studi di Milano, Milan, Italy Title: Nutrition information, Mediterranean diet, and weight: A structural equation approach Abstract: This paper studies the relationships between adherence to the Mediterranean diet, food-related information, and possible effects they could jointly exert on weight status. The empirical analysis was conducted via a consumer survey using face-to-face interviews, and a structural equation model was implemented to the data analysis. This model choice was led by its ability to simultaneously evaluate multiple constructs. The results outline the central role played by adherence to the Mediterranean diet and food-related information, both in terms of nutritional knowledge and expert recommendations, which seem to be the key drivers affecting healthy weight. Moreover, food label use increases the nutritional knowledge of consumers, which in turn favours a healthy diet. Keywords: consumer behaviour, food choices, Mediterranean diet, nutrition information, structural equation model Journal: Agricultural Economics Pages: 10-18 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/25/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/25/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0002.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:25-2019-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Piotr Borawski Author-Workplace-Name: Department of Agrotechnology, Agricultural Production Management and Agribusiness, Faculty of Environmental Management and Agriculture, University of Warmia and Mazury in Olsztyn, Poland Author-Name: Marta Guth Author-Workplace-Name: Department of Macroeconomics and Agricultural Economics, Institute of Economics, Poznan University of Economics and Business, Poland Author-Name: Wojciech Truszkowski Author-Workplace-Name: Department of Agrotechnology, Agricultural Production Management and Agribusiness, Faculty of Environmental Management and Agriculture, University of Warmia and Mazury in Olsztyn, Poland Author-Name: Dagmara Zuzek Author-Workplace-Name: Department of Economics and Agricultural Economics, Faculty of Agriculture and Economics, University of Agriculture in Krakow, Poland Author-Name: Aneta Beldycka-Borawska Author-Workplace-Name: Department of Agrotechnology, Agricultural Production Management and Agribusiness, Faculty of Environmental Management and Agriculture, University of Warmia and Mazury in Olsztyn, Poland Author-Name: Bartosz Mickiewicz Author-Workplace-Name: Department of Regional and European Studies, Faculty of Economics, West Pomeranian University of Technology Szczecin, Poland Author-Name: Elzbieta Szymanska Author-Workplace-Name: Department of Logistics, Faculty of Economic Sciences, Warsaw University of Life Science - SGGW, Poland Author-Name: Jayson Kennedy Harper Author-Workplace-Name: Fruit Research and Extension Center, State College, Pennsylvania State University, USA Author-Name: James William Dunn Author-Workplace-Name: Fruit Research and Extension Center, State College, Pennsylvania State University, USA Title: Milk price changes in Poland in the context of the Common Agricultural Policy Abstract: Changes in the retail prices of pasteurised milk, purchase prices, and the price relationship between retail prices for pasteurised milk and other food products are analysed for Poland during the period from 2004-2018. In addition, the paper presents factors affecting changes in milk prices in Poland and characterises the Common Agricultural Policy (CAP) on the milk market. The adoption of a long period of analysis allows for the study of periods of both high and low variability. The data analysis uses various methods including the Augmented Dickey-Fuller (ADF) test and the Autoregressive-Moving-Average Model (ARMA). The milk market showed significant response because it was one of the few that was strongly administered by the European Union. These policies led to a significant increase in milk prices in the analysed period. The average price of pasteurised food milk increased by 63% in 2003-2015, and the purchase farm price of milk increased by 91.74%. The situation changed when the production limits were eliminated after 2015. In the initial period after quotas ended, the price of milk decreased and then increased. Similar changes were observed in other EU countries. Even short-term fluctuations associated with economic crises did not significantly affect the milk market. Keywords: Common Agricultural Policy, milk market, price volatility, purchase prices Journal: Agricultural Economics Pages: 19-26 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/178/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/178/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0003.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:178-2019-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Meng-Fen Yen Author-Workplace-Name: Center for Research in Econometric Theory and Applications, National Taiwan University, Taipei, Taiwan Author-Name: Mario J. Miranda Author-Workplace-Name: Department of Agricultural, Environmental and Development Economics, The Ohio State University, Columbus, OH, USA Author-Name: Ani Katchova Author-Workplace-Name: Department of Agricultural, Environmental and Development Economics, The Ohio State University, Columbus, OH, USA Title: The effects of capital constraints on the growth of agricultural cooperatives Abstract: In this paper, we examine how capital constraints affect the growth of US agricultural cooperatives. Employing a panel data set obtained from CoBank on 669 US agricultural cooperatives over 5 years, we employ system-generalised method of moments to estimate models of cooperative growth that incorporate long-term debt, allocated reserves, and retained earnings as continuous measures of capital constraints. We find that long-term debt use and size have positive impacts on cooperative growth, in violation of Gibrat's law, which posits that firm size and firm growth are independent. In particular, cash flow, unallocated equity and long-term debt financing are critical contributors to asset growth for small and medium-sized cooperatives. Keywords: firm growth, Gibrat's law, system generalised method of moments Journal: Agricultural Economics Pages: 27-33 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/151/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/151/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0004.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:151-2019-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Nahanga Verter Author-Name: Ivo Zdráhal Author-Workplace-Name: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Brno, Czech Republic Author-Name: Věra Bečvářová Author-Workplace-Name: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Brno, Czech Republic Author-Name: Libor Grega Author-Workplace-Name: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Brno, Czech Republic Title: 'Products mapping' and trade in agri-food products between Nigeria and the EU28 Abstract: This paper investigates the dynamics of comparative advantage in agri-food products between Nigeria and the European Union (EU28). Using 'products mapping' approach based on trade balance index (TBI), Balassa index (BI), Lafay index (LFI) and other descriptive approaches, the findings show that Nigeria substantially recorded adverse TBI in trading both with the world and the EU28. The share of total Nigerian food exports and imports which the EU28 accounted for, declined from 72% and 40% to 37% and 27% between 1995 and 2017, respectively. The findings of both BI and LFI reveals that between 1995 and 2017, Nigeria's comparative advantages in trading in the world market declined from 12/46 to 8/46 food products. Similarly, Nigeria's trade with the EU28 comparative advantages reduced from 12/46 to 9/46 food products. Inversely, the food products that Nigeria has comparative disadvantages and negative TBI in trading with the EU28 rose from 31/46 to 35/46. For Nigeria, to boost its exports and competitiveness, especially in products that the country has natural advantages in producing, there is an urgent need for increasing investment and implementing policies on domestic agricultural and food value chains. Keywords: agri-food, comparative advantage, competitiveness, food products Journal: Agricultural Economics Pages: 34-45 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/145/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/145/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0005.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:145-2019-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Julius Mukarati Author-Workplace-Name: School of Economics and Management, University of Limpopo, Petersburg, South Africa Author-Name: Itumeleng P. Mongale Author-Workplace-Name: School of Economics and Management, University of Limpopo, Petersburg, South Africa Author-Name: Godswill Makombe Author-Workplace-Name: Gordon Institute of Business Science, University of Pretoria, Pretoria, South Africa Title: Land redistribution and the South African economy Abstract: Land redistributive policies can be viewed as effective tools for reducing rural poverty mainly because agriculture continues to be a major source of rural livelihood and a contributor to rural economic growth. For the structural changes and economy-wide impacts, including behavioural changes of rural land distribution, to be assessed and captured through time, a South African Social Accounting Matrix can be used as a database to construct a dynamic computable general equilibrium simulation model to simulate the potential impact on household welfare in South Africa. This study seeks to assess how government redistributive policies may affect household welfare in short- and long-run, focusing on poverty and income distribution in South Africa by applying a dynamic computable general equilibrium microsimulation model. The results showed that rural land distribution increases poor household income through an increase in factor by an average of 0.828. However, for most macroeconomic variables, the impact is negative in the short-run with a gradual increase in the long-run. The results support the claim that rural land distribution coupled with agriculture investment and government support can be effective in improving household welfare. Keywords: computable general equilibrium, income inequality, micro-simulation, poverty reduction Journal: Agricultural Economics Pages: 46-54 Volume: 66 Issue: 1 Year: 2020 DOI: 10.17221/120/2019-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/120/2019-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202001-0006.txt Handle: RePEc:caa:jnlage:v:66:y:2020:i:1:id:120-2019-AGRICECON