Template-Type: ReDIF-Article 1.0
Author-Name: Jindřich Špička
Author-Workplace-Name: Institute of Agricultural Economics and Information, Prague, Czech Republic
Author-Name: Tomáš Vintr
Author-Workplace-Name: Institute of Agricultural Economics and Information, Prague, Czech Republic
Author-Name: Renata Aulová
Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic
Author-Name: Jana Macháčková
Author-Workplace-Name: Institute of Agricultural Economics and Information, Prague, Czech Republic
Title: Trade-off between the economic and environmental sustainability in Czech dual farm structure
Abstract: Agricultural holdings select goals in various areas when setting their strategic objectives. Economic objectives tend to be viewed as strategic because of the requirement to maximise economic profit for the owners. Since there is significant interaction between agricultural holdings and the environment, it is also important to monitor the environmental aspects of farming. The article seeks to draw on unique multicriteria assessment to compare the compatibility of economic and environmental objectives at 1 189 agricultural holdings in the Czech Republic, broken down by farming specialisation and economic size on the basis of figures from the Farm Accountancy Data Network (FADN). A trade-off between environmental sustainability and economic performance occurs primarily among farming specialisation categories, where we found two extremes - intensive field cropping with high economic performance and low environmental sustainability, and, at the other end of the scale, extensive cattle farming with lower economic performance and high environmental sustainability. Within the farming specialisation categories, however, there was no significant correlation, with the exception of milk production, where the use of soil organic matter, a higher proportion of soil improving crops (for fodder) and greening made a positive contribution to the higher economic performance of farms.
Keywords: agricultural production, environmental sustainability, economic performance, FADN, multicriteria assessment, trade-off
Journal: Agricultural Economics
Pages: 243-250
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/390/2019-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/390/2019-AGRICECON.html
File-Format: text/html
X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202006-0001.txt
Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:390-2019-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: Hana Urbancová
Author-Workplace-Name: Department of Human Resources, University of Economics and Management, Prague, Czech Republic
Author-Name: Pavla Vrabcová
Author-Workplace-Name: Department of Wood Processing and Biomaterials, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Prague, Czech Republic
Title: Age management as a human resources management strategy with a focus on the primary sector of the Czech Republic
Abstract: Primary sector, especially agricultural companies, have long been struggling with labour shortages and demographic trends as well as with negative age structure of employees. The article, therefore, aims to identify the organisational benefits and strategies of human resource management that will help ensure a generational change in selected agricultural companies in primary sectors. The data was obtained on the basis of quantitative research in 136 companies operating in the primary sector according to the CZ-NACE methodology. More than 75% of the enterprises assessed do not apply age management, the biggest obstacle being staffing shortage in the area of age management. The respondents see the main benefits in retaining key employees, improving motivation, increasing performance, and improving organisational climate. The article is limited by its focus on the specific primary sector, nevertheless, this topic is very important in its focus on Common Agricultural Policy at the level of individual companies in all countries of the European Union.
Keywords: age, agricultural companies, the Czech Republic, human resource activities, knowledge transfer
Journal: Agricultural Economics
Pages: 251-259
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/11/2020-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/11/2020-AGRICECON.html
File-Format: text/html
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Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:11-2020-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: Agnieszka Tłuczak
Title: Diversity of the selected elements of agricultural potential in the European Union countries
Abstract: Agricultural importance in determining the directions of respective regions results from its production potential. The agricultural potential of a given country is determined by natural resources, ways of using them, natural conditions, workforce resources, technical resources and basic economic conditions. In this paper, only income and rural population are taken under consideration to describe the agricultural potential. Currently, European Union countries are functioning under the assumptions of the Common Agricultural Policy, assuming, among other things, increasing agricultural productivity, ensuring an adequate standard of living for the rural population and stabilising markets. The European Union (EU) is one of the world's leading exporters and importers of agricultural products. The obtained results allowed the identification in 2010 and 2018 of countries with high and low values of income and population potential. It is characteristic that within both potentials, population and income, the countries with the lowest potentials are the most numerous group. Poland and Romania stand out against the background of all countries, where due to the high share of people working in agriculture, the population's potential has the highest values. Denmark is also an outstanding country for which income potential has the highest value. This study aims to examine the diversity of selected elements of agricultural potential in the European Union countries. The research was conducted using, among other potential models and global and local spatial autocorrelation statistics. The analysis covered the years 2010 and 2018 by applying statistical data (Eurostat, Statistical Yearbook of Agriculture).
Keywords: agricultural, potential, spatial autocorrelation
Journal: Agricultural Economics
Pages: 260-268
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/381/2019-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/381/2019-AGRICECON.html
File-Format: text/html
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Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:381-2019-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: Yaokuang Li
Author-Workplace-Name: School of Management, Hefei University of Technology, Hefei, China
Author-Name: Junjuan Du
Title: What drives the rapid achievement of a funding target in crowdfunding? Evidence from China
Abstract: As a novel financing mechanism, crowdfunding can raise funds provided by many people for entrepreneurs in various industries, including the agri-food industry. Achieving a funding target in the shortest time possible is a key concern. Based on customer delivered value theory, we constructed a research model to empirically study the factors hastening the achievement of a funding target using large samples (N = 1 138). The indicators reflecting product value and image value were found to have significant positive impacts on the rapid achievement of the funding target; the indicators reflecting person value and service value also impacted the quick achievement of the funding target. Moreover, the results showed that the indicator reflecting monetary value, the minimum investment amount, has a positive impact on the rapid achievement of the funding target. The number of comments plays a mediating role in the relationship between the indicators reflecting the customer delivered value and the quick achievement of the funding target. Finally, practical implications of this study for initiators, platforms, and regulators are discussed.
Keywords: agri-food crowdfunding, customer delivered value theory, determinant, funding target
Journal: Agricultural Economics
Pages: 269-277
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/319/2019-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/319/2019-AGRICECON.html
File-Format: text/html
X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202006-0004.txt
Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:319-2019-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: Zbigniew Gołaś
Author-Workplace-Name: Department of Finance and Accounting, Faculty of Economics and Social Sciences, Poznań University of Life Sciences, Poland
Title: Impact of working capital management on business profitability: Evidence from the Polish dairy industry
Abstract: The main purpose of this paper was to examine the causative link between Working Capital Management (WCM) and Return On Assets (ROA) in milk processing companies. Days Sales of Inventory (DSI), Days Sales Outstanding (DSO), Days Payable Outstanding (DPO) and the Cash Conversion Cycle (CCC) were used as WCM metrics. The study was based on micro-data for Polish dairy companies from 2008-2017, retrieved from the Emerging Markets Information Service (EMIS) database. Based on panel regression models, it was demonstrated that extending the DSI and CCC had an adverse effect on ROA, whereas extending the DSO and DPO had a beneficial impact on ROA in dairy companies. Such relationships were mostly characteristic of SMEs which form the largest group of businesses in Poland.
Keywords: milk processing, panel models, profitability, working capital management
Journal: Agricultural Economics
Pages: 278-285
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/335/2019-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/335/2019-AGRICECON.html
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Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:335-2019-AGRICECON

Template-Type: ReDIF-Article 1.0
Author-Name: Hasan Arisoy
Title: Impact of agricultural supports on competitiveness of agricultural products
Abstract: The agricultural sector is being supported in Turkey, as well as in the world. The issue of competitiveness is observed in agriculture, despite supports. This study aims at investigating the impact of agricultural supports in Turkey on competitiveness of agricultural products. Vector autoregression (VAR) model has been adopted in the study. The internal terms of trade (TOT), percentage producer support estimate (PSE), and the producer nominal protection coefficient (NPC) variables have been included in the model. The internal terms of trade in Turkey have developed over time against the benefit of agricultural sector. PSE has had a significant impact on TOT. Therefore, the use of PSE as a political variable has been concluded as a significant. Means of support must be discussed in Turkey more than the amount of supports. In particular, supports that will provide farmers with competitive advantage and boost up product farmyard prices will be more efficient and beneficial for farmers.
Keywords: agricultural protectionism, internal terms of trade, trade advantage, Turkey, vector autoregression analysis
Journal: Agricultural Economics
Pages: 286-295
Volume: 66
Issue: 6
Year: 2020
DOI: 10.17221/416/2019-AGRICECON
File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/416/2019-AGRICECON.html
File-Format: text/html
X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202006-0006.txt
Handle: RePEc:caa:jnlage:v:66:y:2020:i:6:id:416-2019-AGRICECON