Template-Type: ReDIF-Article 1.0 Author-Name: Yungang Tang Author-Workplace-Name: Guangdong Provincial Key Laboratory of Public Finance and Taxation with Big Data Application, Guangdong University of Finance and Economic, Guangdong Guangzhou, P. R. China Author-Name: Haojie Liao Author-Workplace-Name: School of Accounting and Auditing, Guangxi University of Finance and Economics, Nanning, P. R. China Author-Name: Ye Wu Author-Workplace-Name: Guangdong Provincial Key Laboratory of Public Finance and Taxation with Big Data Application, Guangdong University of Finance and Economic, Guangdong Guangzhou, P. R. China Author-Name: Gang Lei Author-Workplace-Name: School of Management, Guangdong University of Science and Technology, Guangdong Dongguan, P. R. China Title: Unravelling the bidirectional impact of Chinese agricultural subsidy policy on agricultural efficiency and farmers' income through panel data analysis Abstract: This study examined the bidirectional impact of Chinese agricultural subsidy policies on agricultural efficiency and farmers' income. It employed panel data from 2004 to 2020 across 31 Chinese provinces, and the three-stage least squares method was used for simultaneous estimation. Different regions and farmer types were analysed separately. The findings revealed a significant bidirectional impact of the agricultural subsidy policy on agricultural efficiency and farmers' income, signifying a strong positive feedback loop. Varied types and levels of subsidy policies differently impacted regions and farmer categories, showcasing diverse outcomes and adaptive responses to subsidy policies. The ratio of total subsidy to GDP (SUBGDP) positively impacted production efficiency and per capita disposable income. This result suggests that the subsidy policy helped enhance agricultural production efficiency and increased farmers' income levels. Conversely, the ratio of various subsidies to the total subsidy manifested different directions and degrees of impact on production efficiency and per capita disposable income, suggesting areas where the subsidy policy framework can be optimised. In addition to presenting a theoretical discussion on agricultural subsidy policies, this study provides theoretical insights and policy recommendations for the formulation and implementation of an optimal agricultural subsidy policy. Keywords: income level, per capita disposable income, production efficiency, rural society Journal: Agricultural Economics Pages: 165-177 Volume: 70 Issue: 4 Year: 2024 DOI: 10.17221/335/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/335/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202404-0001.txt Handle: RePEc:caa:jnlage:v:70:y:2024:i:4:id:335-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Marie Šimpachová Pechrová Author-Workplace-Name: Institute of Agricultural Economics and Information, Prague, Czech Republic Author-Name: Ondřej Šimpach Author-Workplace-Name: Institute of Agricultural Economics and Information, Prague, Czech Republic Title: Corporate social responsibility and the relationship to stakeholders in large agricultural holdings in the Czech Republic Abstract: Corporate social responsibility (CSR) is also implemented in agriculture, where larger agricultural holdings have a higher influence. We focused on them and situated our study to a country with a large average farm acreage - the Czech Republic. The aim of the paper is to assess to what extent large agricultural holdings perceive socially responsible behaviour as being important and how it is manifested in their relationship to the stakeholders and the behaviour in economic, social and environmental areas using Carroll's pyramid and concept of 3 'P'. It is also examined if the higher perception of CSR influences the assets. Firms were grouped according to the perceived CSR by a cluster analysis. The highest economic responsibility in cluster 1 corresponded to the relatively high value of the assets, but the highest was in cluster 2 and 3 with important legal and ethical responsibilities. Cluster 4 had the lowest CSR, the same as the value of the assets, but further investigation is needed. The most important stakeholders were the owners and employees, but also the range of activities was provided for the locals. CSR and the importance of the stakeholders in large Czech agricultural holdings were highly perceived, especially on an economic level and in the social area. Keywords: Carroll's pyramid, farm, interest group, profit-, people-, planet concept Journal: Agricultural Economics Pages: 155-164 Volume: 70 Issue: 4 Year: 2024 DOI: 10.17221/369/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/369/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202404-0002.txt Handle: RePEc:caa:jnlage:v:70:y:2024:i:4:id:369-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Ruirui Du Author-Workplace-Name: College of Economics and Management, Northwest Agriculture and Forestry University, Yangling, P. R. China Author-Name: Aftab Khan Author-Workplace-Name: Institute of Blue and Green Development, Shandong University, Weihai, P. R. China Author-Workplace-Name: Institute for Interdisciplinary Research, Shandong University, Weihai, P. R. China Author-Name: Rui Shi Author-Workplace-Name: College of Economics and Management, Northwest Agriculture and Forestry University, Yangling, P. R. China Author-Name: Yujie Shen Author-Workplace-Name: College of Economics and Management, Northwest Agriculture and Forestry University, Yangling, P. R. China Author-Name: Minjuan Zhao Author-Workplace-Name: College of Economics and Management, Northwest Agriculture and Forestry University, Yangling, P. R. China Author-Workplace-Name: College of Economics, Xi'an University of Finance and Economics, Chang'an District, Xi'an, P. R. China Title: Impact of production outsourcing on the adoption of low-carbon agricultural technologies in China Abstract: Adopting low-carbon agricultural technologies (LCATs) is fundamental to reducing carbon emissions in agriculture. Our study explores the factors influencing the adoption of LCATs and the roles of production outsourcing and specialised farming within the framework of off-farm employment. In this regard, survey data were collected from 1 040 farmers in the Yellow River region of China in 2020 to examine the effect of production outsourcing on the farmers' adoption of LCATs. Potential mechanisms associated with specialised farming and off-farm employment are considered to comprehend this relationship. We also investigate the heterogeneous effects of production outsourcing on adopting LCATs, taking different education levels and arable land areas into account. The results show a positive association between production outsourcing and farmers' LCATs adoption behaviour, even after considering self-selection bias. Specifically, outsourcing production can significantly increase the likelihood of farmers adopting low-carbon tillage, low-carbon irrigation, and low-carbon fertilisation technologies by 7.2%, 8.1%, and 7.3%, respectively. This effect is more pronounced among farmers with higher levels of education and smaller areas of arable land. Furthermore, production outsourcing increases the LCATs adoption by promoting specialised farming. The findings suggest that outsourcing is vital to alleviating the lack of LCATs adoption resulting from off-farm employment. Keywords: agricultural social services, carbon mitigation measures, mediating effect model, propensity score matching, specialised farming, off-farm employment Journal: Agricultural Economics Pages: 187-197 Volume: 70 Issue: 4 Year: 2024 DOI: 10.17221/385/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/385/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202404-0003.txt Handle: RePEc:caa:jnlage:v:70:y:2024:i:4:id:385-2023-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Yujie Chen Author-Workplace-Name: Research Institute of Economics and Management, Southwest University of Finance and Economics, Chengdu, P. R. China Author-Name: Jiangwei Tang Author-Workplace-Name: Management Institute, Beijing Academy of Social Sciences, Beijing, P. R. China Title: Will the financialisation of agricultural products exacerbate food security risks? Empirical analysis from major grain-producing countries worldwide Abstract: Based on data from 10 countries from the Chicago Mercantile Exchange (CBOT) wheat futures market for the period from 2000 to 2021, this study examines the impact of the financialisation of agricultural products on food security and its mechanism of action. We found that the higher the degree of financialisation of agricultural products, the stronger the negative effect on food security, which is more prominent after the financial crisis in 2008, and the effect on developing countries is more obvious than that on developed countries. The test results of the mediation effect model showed that the financialisation of agricultural products affects food security by increasing the volatility of futures prices. The test results of the moderating effect model showed that the rise of the US dollar index and loose monetary policy will exacerbate the impact of the financialisation of agricultural products on food security. Still, the increase of the self-sufficiency rate of food can effectively inhibit this impact. The study's conclusions supported the government's optimising macro policies and promoting food security. Keywords: agricultural product financialisation, grain price volatility, speculation Journal: Agricultural Economics Pages: 178-186 Volume: 70 Issue: 4 Year: 2024 DOI: 10.17221/432/2023-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/432/2023-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202404-0004.txt Handle: RePEc:caa:jnlage:v:70:y:2024:i:4:id:432-2023-AGRICECON