Template-Type: ReDIF-Article 1.0 Author-Name: Dejan Živkov Author-Workplace-Name: Novi Sad School of Business, University of Novi Sad, Novi Sad, Serbia Author-Name: Boris Kuzman Author-Workplace-Name: Institute of Agricultural Economics, Belgrade, Serbia Author-Name: Jonel Subić Author-Workplace-Name: Institute of Agricultural Economics, Belgrade, Serbia Title: Multi-frequency downside risk interconnectedness between soft agricultural commodities Abstract: In this article, we explore multiscale extreme risk interdependence between four soft agricultural markets - coffee, cocoa, cotton and orange juice. Wavelet correlation and cross-correlation are used to investigate this interlink, and dynamic conditional Value at Risk is used to measure extreme risk. Wavelet correlation results suggest a very weak connection between the markets in the short-term and midterm horizons, which means that investors who operate in the short term or midterm do not have to apply hedging measures against extreme risk. However, the situation is different in the long term, where relatively high correlations are found on the highest wavelet scale in all pairs, except coffee-cocoa. Complementary cross-correlation analysis indicates a lead-lag relationship between the markets. The results are mostly in line with expectations, as bigger markets lead smaller markets. Only in the cases of cocoa-cotton and cocoa-orange juice does the opposite happen. Keywords: conditional Value at Risk, extreme risk interdependence, wavelet correlation, wavelet cross-correlation Journal: Agricultural Economics Pages: 332-342 Volume: 69 Issue: 8 Year: 2023 DOI: 10.17221/125/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/125/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202308-0001.txt Handle: RePEc:caa:jnlage:v:69:y:2023:i:8:id:125-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Marek Vochozka Author-Workplace-Name: Institute of Business and Technology in České Budějovice, České Budějovice, Czech Republic Author-Name: Svatopluk Janek Author-Workplace-Name: Institute of Business and Technology in České Budějovice, České Budějovice, Czech Republic Author-Name: Lenka Širáňová Author-Workplace-Name: Faculty of Business and Management, Brno University of Technology, Brno, Czech Republic Title: Geopolitical deadlock and phosphate shortfall behind the price hike? Evidence from Moroccan commodity markets Abstract: Phosphate fertilisers rank among limited conventional production aids, requiring eco-unfriendly mining methods. On the other hand, wheat is an indispensable agricultural commodity essential in the food industry. For this reason, it is appropriate to monitor the potential bivariate relationship between these commodities and to follow their future development closely. The article aims to identify a correlation (Kendall's tau) and causal (Granger causality test) between the price of Moroccan phosphate and wheat, applying vector autoregression (VAR). The results show a medium-to-strong correlation between phosphate and wheat, while causal analysis suggests a reciprocal relationship. The final prediction indicates the price stability of Moroccan phosphate and a fall in wheat prices, showing steady trends of the Moroccan phosphate and wheat market affected by the alarming situation in Ukraine. The article's drawbacks are a narrow market specialisation, which ignores other agricultural commodities. Our findings contribute to national officeholders and professional public, private and non-profit agrarian organisations. Investors may benefit from exploring turbulent exogenous variables like a critical geopolitical deadlock in Ukraine. The main contribution highlights the fact that the conventional fertiliser and wheat market situation appears to be stable and free from elements of uncertainty. Keywords: Granger causality, Kendall', s tau, Moroccan phosphate, Vector Autoregression Model, wheat Journal: Agricultural Economics Pages: 301-308 Volume: 69 Issue: 8 Year: 2023 DOI: 10.17221/140/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/140/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202308-0002.txt Handle: RePEc:caa:jnlage:v:69:y:2023:i:8:id:140-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Mónica Arroyo-Vázquez Author-Workplace-Name: Project Management, Innovation and Sustainability Research Center (PRINS), Universitat Politècnica de València, Valencia, Spain Author-Name: Óscar González-Yebra Author-Workplace-Name: Research Centre on Mediterranean Intensive Agrosystems and Agrifood Biotechnology, University of Almería, Almería, Spain Author-Name: Bélgica Pacheco-Blanco Author-Workplace-Name: Project Management, Innovation and Sustainability Research Center (PRINS), Universitat Politècnica de València, Valencia, Spain Author-Name: Miguel Ángel Artacho-Ramírez Author-Workplace-Name: Project Management, Innovation and Sustainability Research Center (PRINS), Universitat Politècnica de València, Valencia, Spain Title: Analysis of the perception and presence of design in the fruit and vegetable cluster: The case of southeast Spain Abstract: Companies must provide economic, environmental and social added value based on innovation strategies, design and creative thinking in a globalised and competitive world characterised by rapid change and constantly evolving technologies. In this context, this paper analyses the role of design practice in companies in the agri-food sector (i.e. what is the design component present like; what are its relevance and importance?) An exploratory, descriptive study was conducted with 30 companies in southeast (SE) Spain's fruit/vegetable sector. The findings reveal that all the surveyed companies make financial investments in design and positively value this (7.6 out of 10), which indicates they recognise its strategic and operative importance. However, integration, training and design promotion in the agri-food sector remains somewhat limited. Most companies lack an in-house design department or design professionals as staff members and perform mainly design activities limited to the visual and communication tasks related to marketing initiatives. These results unveil opportunities for enhancing design incorporation and appreciation in the agri-food sector, which could boost its competitiveness and differentiation in the market. Finally, this study can be considered a starting point for future development in line with the horticultural sector's theory, practice, and design management policies. Keywords: agri-food, design-driven innovation, organizations competitiveness, strategy making, value creation Journal: Agricultural Economics Pages: 321-331 Volume: 69 Issue: 8 Year: 2023 DOI: 10.17221/169/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/169/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202308-0003.txt Handle: RePEc:caa:jnlage:v:69:y:2023:i:8:id:169-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Marek Zieliński Author-Workplace-Name: Department of Economics of Agricultural and Horticultural Holdings, Institute of Agricultural and Food Economics, National Research Institute, Warsaw, Poland Author-Name: Jan Jadczyszyn Author-Workplace-Name: Department of Soil Science Erosion and Land Conservation, Institute of Soil Science and Plant Cultivation, State Research Institute, Puławy, Poland Author-Name: Jolanta Sobierajewska Author-Workplace-Name: Department of Economics of Agricultural and Horticultural Holdings, Institute of Agricultural and Food Economics, National Research Institute, Warsaw, Poland Title: Predispositions and challenges of agriculture from areas particularly facing natural or other specific constraints in Poland in the context of providing environmental public goods under EU policy Abstract: The study's main objective is to determine the predisposition and challenges of agriculture to provide environmental public goods to society in areas particularly facing natural or other specific constraints (ANCs) established within their current delimitation in Poland. Its organisational features, economic situation, and the degree of interest in measures specifically serving the protection of the natural environment under the Common Agriculture Policy (CAP) EU were indicated. Statistically significant factors determined farmers' willingness to participate in these measures. It turned out that farms from ANCs communes with particularly difficult conditions significantly contribute to the total production potential of agriculture in Poland. However, compared to farms with better natural conditions, they are characterised by a lower income per 1 ha of utilised agriculture area (UAA) and a higher share of subsidies, including those for participation in environmental measures, which were implemented to a greater extent. Based on the logistic regression model, it was found that in ANCs communes with particularly difficult conditions, the most important factor of farmers' greater willingness to implement environmental measures was their higher level of education. On the other hand, this inclination was negatively affected by the higher income adjusted for operating subsidies per 1 ha of UAA. Keywords: agri-environment-climate measure (AECM), environmental public goods, logistic regression model, New Institutional Economics (NIE), organic farming measure Journal: Agricultural Economics Pages: 309-320 Volume: 69 Issue: 8 Year: 2023 DOI: 10.17221/184/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/184/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202308-0004.txt Handle: RePEc:caa:jnlage:v:69:y:2023:i:8:id:184-2023-AGRICECON