Emmanouil Tziolas, Konstantina Ofridopoulou, T. Bournaris, B. Manos
Agricultural production and farm management are inextricable, since managerial aspects for safe and of high-quality food products have led to the development of successful production plans but multifaceted controversies as well. These controversies arise from the focus of policymakers, especially in the EU, to the environmental aspects of agricultural production, creating conflicting objectives for farmers. Energy from biomass derivatives could play a significant role in the dispute for economic and environmental sustainability in agriculture, along with the formulation of agro-energy districts. In this context, an MCDM model was developed integrating LCA data for the assessment of economic, environmental and energy sustainability regarding thirteen major crops in the Region of Central Macedonia in Greece. The model's objectives consist of maximization of farmers' gross income, minimization of emissions coming from farming practices and maximization of energy potentially coming from biomass. Furthermore, three different scenario-based directions allocate different weights to the respective objectives, creating different managerial strategies. The optimal production plan was the scenario in which the weights were allocated by goal programming. The optimal plan proposes the cultivation expansion of energy crops, tree crops, alfalfa and hard wheat to a higher degree. Moreover, a significant reduction to the cultivated areas of tobacco, rice, barley and soft wheat could lead to a potentially viable production plan.
{"title":"Optimal Farm Planning and Assessment of Conventional Agricultural Practices under Alternative Scenarios Integrating Life Cycle Analysis","authors":"Emmanouil Tziolas, Konstantina Ofridopoulou, T. Bournaris, B. Manos","doi":"10.7160/aol.2022.140410","DOIUrl":"https://doi.org/10.7160/aol.2022.140410","url":null,"abstract":"Agricultural production and farm management are inextricable, since managerial aspects for safe and of high-quality food products have led to the development of successful production plans but multifaceted controversies as well. These controversies arise from the focus of policymakers, especially in the EU, to the environmental aspects of agricultural production, creating conflicting objectives for farmers. Energy from biomass derivatives could play a significant role in the dispute for economic and environmental sustainability in agriculture, along with the formulation of agro-energy districts. In this context, an MCDM model was developed integrating LCA data for the assessment of economic, environmental and energy sustainability regarding thirteen major crops in the Region of Central Macedonia in Greece. The model's objectives consist of maximization of farmers' gross income, minimization of emissions coming from farming practices and maximization of energy potentially coming from biomass. Furthermore, three different scenario-based directions allocate different weights to the respective objectives, creating different managerial strategies. The optimal production plan was the scenario in which the weights were allocated by goal programming. The optimal plan proposes the cultivation expansion of energy crops, tree crops, alfalfa and hard wheat to a higher degree. Moreover, a significant reduction to the cultivated areas of tobacco, rice, barley and soft wheat could lead to a potentially viable production plan.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48645625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Agriculture is a major contributor to West Bengal's economy, as the state's manufacturing sector is constrained by topographical constraints. As a result of the foregoing background, this study aims to investigate the effect of ICT on farmers' livelihoods in West Bengal.Primary data collection is done from the rural farmers in West Bengal, based on a pre-defined questionnaire.Data analysis is done via Cronbach’s Alpha, factor analysis linear regression. Taking into consideration of 95% confidence level and 5% confidence interval, total sample size of 381 have been determined. All the five dimensions of livelihood -Financial Capital (FC), Human Capital (HC), Physical Capital (PC), Social Capital (SC) and Natural Capital (NC), have been considered in the present study.Based on the analysis it is found that ICT has a positive impact on all the five tenets of livelihood in the district of PurbaMedinipur, West Bengal.
{"title":"The Impact of ICT on Rural Livelihood of Farmers in West Bengal, India","authors":"K. Sarkar, Sujit Deb, Sujoy Hazari","doi":"10.7160/aol.2022.140409","DOIUrl":"https://doi.org/10.7160/aol.2022.140409","url":null,"abstract":"Agriculture is a major contributor to West Bengal's economy, as the state's manufacturing sector is constrained by topographical constraints. As a result of the foregoing background, this study aims to investigate the effect of ICT on farmers' livelihoods in West Bengal.Primary data collection is done from the rural farmers in West Bengal, based on a pre-defined questionnaire.Data analysis is done via Cronbach’s Alpha, factor analysis linear regression. Taking into consideration of 95% confidence level and 5% confidence interval, total sample size of 381 have been determined. All the five dimensions of livelihood -Financial Capital (FC), Human Capital (HC), Physical Capital (PC), Social Capital (SC) and Natural Capital (NC), have been considered in the present study.Based on the analysis it is found that ICT has a positive impact on all the five tenets of livelihood in the district of PurbaMedinipur, West Bengal.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48659947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nowadays, many financial and academic practitioners explore the area of high-frequency forecasting in new dimensions. Research on agricultural commodities is an important issue for food policy and security. This paper is focused on the causality between the spot prices and futures prices of the main traded agricultural commodities. Thus, the Granger causality was used to identify the relationship between spot and futures prices of commodities. Our results show the Granger causality between cash prices and futures prices of wheat and cocoa. However, there is also causality in the opposite direction in the case of wheat. Causality could be related, among other things, to a specific market position of the commodity, food policy, historical aspects, the sensitivity of the market, speculation activity, tax policy, and particular interconnection of the market with the energy commodities market. In the price process of cash and futures wheat prices, inventories and storage play an important role.
{"title":"Could Exist a Causality Between the Most Traded Commodities and Futures Commodity Prices in the Agricultural Market?","authors":"M. Cermak, Marie Ligocká","doi":"10.7160/aol.2022.140402","DOIUrl":"https://doi.org/10.7160/aol.2022.140402","url":null,"abstract":"Nowadays, many financial and academic practitioners explore the area of high-frequency forecasting in new dimensions. Research on agricultural commodities is an important issue for food policy and security. This paper is focused on the causality between the spot prices and futures prices of the main traded agricultural commodities. Thus, the Granger causality was used to identify the relationship between spot and futures prices of commodities. Our results show the Granger causality between cash prices and futures prices of wheat and cocoa. However, there is also causality in the opposite direction in the case of wheat. Causality could be related, among other things, to a specific market position of the commodity, food policy, historical aspects, the sensitivity of the market, speculation activity, tax policy, and particular interconnection of the market with the energy commodities market. In the price process of cash and futures wheat prices, inventories and storage play an important role.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43521784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Z. Toušek, Jana Hinke, Barbora Malinska, Martin Prokop
The article aims to define the Czech Agro-Food supply chain and develop financial metrics to quantify the economic value added generated within the supply chain. The study is based on a sample of complete financial statements from 2011 to 2018 from the agro-food organisations. The authors prove that the retail sale sector generates high shareholder value. Contrary to that, the wholesale sector´s shareholder value deteriorated over the respective period owing to reinforced capital intensity measures, resulting in low profitability. A special case is primary agricultural production, where the low shareholder value is offset by public transfers influencing all value drivers either directly or non-directly. These constantly changed, both in the single sector and financial supply chain, thus concluding the latter is dynamic in its nature. The primary agricultural production (Agro) faced specific conditions due to significant public transfers in the form of subsidies etc., thus influencing non/directly all shareholders´ value drivers and consequently reducing the originally expected vulnerability. The authors have found that the shareholder value is not generated and distributed evenly within the Czech Agro-Food supply chain; therefore, the “scissors” are expending in favour of the Retail sector at the expense of the others, especially of the Agro sector.
{"title":"Shareholder Value Generation within the Agro-Food Financial Supply Chain","authors":"Z. Toušek, Jana Hinke, Barbora Malinska, Martin Prokop","doi":"10.7160/aol.2022.140310","DOIUrl":"https://doi.org/10.7160/aol.2022.140310","url":null,"abstract":"The article aims to define the Czech Agro-Food supply chain and develop financial metrics to quantify the economic value added generated within the supply chain. The study is based on a sample of complete financial statements from 2011 to 2018 from the agro-food organisations. The authors prove that the retail sale sector generates high shareholder value. Contrary to that, the wholesale sector´s shareholder value deteriorated over the respective period owing to reinforced capital intensity measures, resulting in low profitability. A special case is primary agricultural production, where the low shareholder value is offset by public transfers influencing all value drivers either directly or non-directly. These constantly changed, both in the single sector and financial supply chain, thus concluding the latter is dynamic in its nature. The primary agricultural production (Agro) faced specific conditions due to significant public transfers in the form of subsidies etc., thus influencing non/directly all shareholders´ value drivers and consequently reducing the originally expected vulnerability. The authors have found that the shareholder value is not generated and distributed evenly within the Czech Agro-Food supply chain; therefore, the “scissors” are expending in favour of the Retail sector at the expense of the others, especially of the Agro sector.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49374913","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In terms of water resources, Iran has less fresh water than its population demands. Also, due to climate change, inefficient management and excessive consumption of this vital resource, the water shortage situation is becoming more critical day by day. Searching for a solution for sustainable use of water sources, this study proposes utilizing the Internet of things technology in order to implement smart irrigation in agricultural lands in Iran. Investigating the economic impact of the Internet of Things in Iran’s agriculture sector is the purpose of this article. The most important advantages of using smart irrigation are decreasing water consumption and increasing the productivity of agricultural yields (e.g., fruits, vegetables, etc.). This research attempts to predict Iran's economic growth in the event of smart irrigation implementation in agricultural fields and farms. The effect of investment in smart irrigation on water consumption and agricultural production is estimated by regression with cross-sectional data. In the end, by using the information obtained through the mathematical method, Iran's economic growth through GDP growth is estimated in the case if the Internet of things technology is fully implemented and the full benefits of using this technology are gained.
{"title":"Predicting the Impact of Internet of Things on the Value Added for the Agriculture Sector in Iran Using Mathematical Methods","authors":"Hanieh FaghihKhorasani, Abbas FaghihKhorasani","doi":"10.7160/aol.2022.140302","DOIUrl":"https://doi.org/10.7160/aol.2022.140302","url":null,"abstract":"In terms of water resources, Iran has less fresh water than its population demands. Also, due to climate change, inefficient management and excessive consumption of this vital resource, the water shortage situation is becoming more critical day by day. Searching for a solution for sustainable use of water sources, this study proposes utilizing the Internet of things technology in order to implement smart irrigation in agricultural lands in Iran. Investigating the economic impact of the Internet of Things in Iran’s agriculture sector is the purpose of this article. The most important advantages of using smart irrigation are decreasing water consumption and increasing the productivity of agricultural yields (e.g., fruits, vegetables, etc.). This research attempts to predict Iran's economic growth in the event of smart irrigation implementation in agricultural fields and farms. The effect of investment in smart irrigation on water consumption and agricultural production is estimated by regression with cross-sectional data. In the end, by using the information obtained through the mathematical method, Iran's economic growth through GDP growth is estimated in the case if the Internet of things technology is fully implemented and the full benefits of using this technology are gained.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42564551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Samir Ul Hassan, Shafi Ahmad Khanday, Masroor Ahmad, Biswambhara Mishra, Motika Sinha Rymbai
This research aims to have a holistic view of the relationship between agriculture outcome/output and agricultural spending in India. The unique part of the study is that it highlighted the nexus between agriculture outputs from a historical point of view. The empirical part of this study is analyzed using the development of the co-integration method followed by the VECM model. The empirical analysis shows -a long-run association between agriculture spending and production, and this feedback is bidirectional. Agricultural production positively responds to agricultural spending in India both in the short and long run, especially in sowing seasons. However, the exciting finding of the study is that the speed of adjustment of agricultural spending on output is plodding. This implies that any shock of the agricultural production can be corrected by agricultural spending by just 20 percent, and it will take more than four years to stabilize the agricultural output with agricultural expenditure. Thus the tendency of agrarian spending to stabilize agrarian output in India is not so encouraging.
{"title":"A Historical Cum Empirical Overview of Agriculture Spending and Output Nexus in India","authors":"Samir Ul Hassan, Shafi Ahmad Khanday, Masroor Ahmad, Biswambhara Mishra, Motika Sinha Rymbai","doi":"10.7160/aol.2022.140303","DOIUrl":"https://doi.org/10.7160/aol.2022.140303","url":null,"abstract":"This research aims to have a holistic view of the relationship between agriculture outcome/output and agricultural spending in India. The unique part of the study is that it highlighted the nexus between agriculture outputs from a historical point of view. The empirical part of this study is analyzed using the development of the co-integration method followed by the VECM model. The empirical analysis shows -a long-run association between agriculture spending and production, and this feedback is bidirectional. Agricultural production positively responds to agricultural spending in India both in the short and long run, especially in sowing seasons. However, the exciting finding of the study is that the speed of adjustment of agricultural spending on output is plodding. This implies that any shock of the agricultural production can be corrected by agricultural spending by just 20 percent, and it will take more than four years to stabilize the agricultural output with agricultural expenditure. Thus the tendency of agrarian spending to stabilize agrarian output in India is not so encouraging.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41581312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nguyen Thi Trang Nhung, Tran Huu Cuong, N. Van Phuong, T. Dogot, P. Burny, Ho Thi Minh Hop, P. Lebailly
Agricultural development nearby protected areas is required to minimize negative impacts from uses of off-farm resources as well as improper activities on the ecosystem and ensure livelihood for local farming communities. This research aims at assessing agricultural management practices and outcomes toward agroecology of rice cultivation in the buffer zone of Xuan Thuy National Park. Data were gathered from ecosystem managers, communal authorities and 96 rice cultivators living in 14 villages adjacently to the park in 2017-2018. “Traffic light” approach developed by FAO was used as an analytical technique to evaluate and visualize the environmental sustainability of rice cultivation with three levels of desirable, acceptable and unsustainable. The assessment reveals that none of the environmental indicators achieved at sustainable including fertilizer management, soil fertility, pesticide management, biodiversity preservation, and water conservation. Therefore, agricultural development in this area is required to be scrutinized for improvements especially the overdependency on nitrogen fertilizers, improper application of pesticides, limited adoption of biodiversity-friendly practices as well as other environmentally-friendly practices. The research highlights the need of implementing agroecological approach and special regime for protected area buffer zone to strengthen environmental preservation.
{"title":"Agricultural Development Around Protected Areas in Vietnam: Agroecology Perspective","authors":"Nguyen Thi Trang Nhung, Tran Huu Cuong, N. Van Phuong, T. Dogot, P. Burny, Ho Thi Minh Hop, P. Lebailly","doi":"10.7160/aol.2022.140306","DOIUrl":"https://doi.org/10.7160/aol.2022.140306","url":null,"abstract":"Agricultural development nearby protected areas is required to minimize negative impacts from uses of off-farm resources as well as improper activities on the ecosystem and ensure livelihood for local farming communities. This research aims at assessing agricultural management practices and outcomes toward agroecology of rice cultivation in the buffer zone of Xuan Thuy National Park. Data were gathered from ecosystem managers, communal authorities and 96 rice cultivators living in 14 villages adjacently to the park in 2017-2018. “Traffic light” approach developed by FAO was used as an analytical technique to evaluate and visualize the environmental sustainability of rice cultivation with three levels of desirable, acceptable and unsustainable. The assessment reveals that none of the environmental indicators achieved at sustainable including fertilizer management, soil fertility, pesticide management, biodiversity preservation, and water conservation. Therefore, agricultural development in this area is required to be scrutinized for improvements especially the overdependency on nitrogen fertilizers, improper application of pesticides, limited adoption of biodiversity-friendly practices as well as other environmentally-friendly practices. The research highlights the need of implementing agroecological approach and special regime for protected area buffer zone to strengthen environmental preservation.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44988047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The submitted study investigates the role of energy use in agriculture and agricultural output in carbon dioxide emissions with the presence of instrumental variables such as rural population and urbanisation. The data set covers 27 European countries during the period 2010–2020. The quantitative approach was applied using cluster analysis with the previous identification of relations between variables by factor analysis. As the second approach, the Two-Stage Least Square (TSLS) model was estimated. Based on the results, three clusters were created. The heatmap demonstrated the similarity between the comprised countries. The most similar countries are Greece and Hungary, while the most different countries are Luxembourg and Malta. Performed TSLS analysis showed that an increase in energy use is associated with an increase in carbon dioxide emissions. On the other hand, greater agricultural output is associated with lower emissions. However, the statistical significance differs across the individual clusters.
{"title":"The Contribution of Energy Use and Production to Greenhouse Gas Emissions: Evidence from the Agriculture of European Countries","authors":"Nikola Šubová","doi":"10.7160/aol.2022.140309","DOIUrl":"https://doi.org/10.7160/aol.2022.140309","url":null,"abstract":"The submitted study investigates the role of energy use in agriculture and agricultural output in carbon dioxide emissions with the presence of instrumental variables such as rural population and urbanisation. The data set covers 27 European countries during the period 2010–2020. The quantitative approach was applied using cluster analysis with the previous identification of relations between variables by factor analysis. As the second approach, the Two-Stage Least Square (TSLS) model was estimated. Based on the results, three clusters were created. The heatmap demonstrated the similarity between the comprised countries. The most similar countries are Greece and Hungary, while the most different countries are Luxembourg and Malta. Performed TSLS analysis showed that an increase in energy use is associated with an increase in carbon dioxide emissions. On the other hand, greater agricultural output is associated with lower emissions. However, the statistical significance differs across the individual clusters.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44046186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The real context of climate change and pandemic has emphasized the enormous significance of agriculture to society and paved a path to digitization. Each country's agricultural digitalization strategies must not only focus on the technological aspects of the production system but as well present an overview of how this field of study is establishing and developing. To address this issue, a research was carried out to identify priority research questions concerning digital agriculture in Viet Nam, but with a view to also informing international contexts. The study applied a combination of methods including descriptive statistics, review of related researches reflecting the application of digital technology in agriculture, as well as systematic and institutional approaches to create the conditions for the development of digital agriculture. Concurrently, taking into account the readiness limitation of economic actors' for digital transformation is also presented in this study. Viet Nam is in the early stages of digital transformation in agriculture. Digital readiness is critical to grasping and implementing existing technologies and transforming agriculture. In order for the digital transformation to come into play in a positive way, the institutional decisions of the authorities are crucial to the major challenges facing Viet Nam's agriculture, such as digital inequalities, human resources, financial, and infrastructure constraints and inadequate awareness of existing technologies.
{"title":"Digital Agriculture in Viet Nam: Conditions and Prospect of Development","authors":"T. Nguyen","doi":"10.7160/aol.2022.140304","DOIUrl":"https://doi.org/10.7160/aol.2022.140304","url":null,"abstract":"The real context of climate change and pandemic has emphasized the enormous significance of agriculture to society and paved a path to digitization. Each country's agricultural digitalization strategies must not only focus on the technological aspects of the production system but as well present an overview of how this field of study is establishing and developing. To address this issue, a research was carried out to identify priority research questions concerning digital agriculture in Viet Nam, but with a view to also informing international contexts. The study applied a combination of methods including descriptive statistics, review of related researches reflecting the application of digital technology in agriculture, as well as systematic and institutional approaches to create the conditions for the development of digital agriculture. Concurrently, taking into account the readiness limitation of economic actors' for digital transformation is also presented in this study. Viet Nam is in the early stages of digital transformation in agriculture. Digital readiness is critical to grasping and implementing existing technologies and transforming agriculture. In order for the digital transformation to come into play in a positive way, the institutional decisions of the authorities are crucial to the major challenges facing Viet Nam's agriculture, such as digital inequalities, human resources, financial, and infrastructure constraints and inadequate awareness of existing technologies.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45874269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The objective of this paper is to evaluate the position and financing needs of agri-food industry in Slovakia. There is a growth of agri-food sector which is reflected in growing demand for finance. Despite current favourable conditions on the financial market in Slovakia, some viable firms still face a credit constraint. Financing gap exists due to relatively high interest rates for some firms and due to their lack of sufficient collateral. Based on the survey results and focus group meetings we estimate the financing gap. Results show that there is potential for a further expansion of the financing market, with a financing gap estimated at EUR 36.8 mil. Small firms suffer the most from the financing gap and they constitute 77.4% of the gap. Financing gap and financing needs will be growing in the future. Firms need to increase investment to stay competitive on the market and need to adopt to changes in consumer preferences. This requires further investment into new technology and equipment. Tougher environmental requirements make firms invest into more environmentally friendly production processes. Furthermore, the sector is expected to be growing in the future. Financial instruments in the form of loan guarantees and interest rate subsidies would partly eliminate the existing financing gap. Small firms would benefit from simple and flexible financial instruments serving as guarantees for loans. Large firms would benefit from long-term loans supported by financial instruments. Policy-makers should place special attention on the use of financial instruments in agri-food sub-sectors with potential high value added and high employment.
{"title":"Financing Gap of Agro-food Firms and the Role of Policies","authors":"J. Pokrivčák, Marián Tóth","doi":"10.7160/aol.2022.140307","DOIUrl":"https://doi.org/10.7160/aol.2022.140307","url":null,"abstract":"The objective of this paper is to evaluate the position and financing needs of agri-food industry in Slovakia. There is a growth of agri-food sector which is reflected in growing demand for finance. Despite current favourable conditions on the financial market in Slovakia, some viable firms still face a credit constraint. Financing gap exists due to relatively high interest rates for some firms and due to their lack of sufficient collateral. Based on the survey results and focus group meetings we estimate the financing gap. Results show that there is potential for a further expansion of the financing market, with a financing gap estimated at EUR 36.8 mil. Small firms suffer the most from the financing gap and they constitute 77.4% of the gap. Financing gap and financing needs will be growing in the future. Firms need to increase investment to stay competitive on the market and need to adopt to changes in consumer preferences. This requires further investment into new technology and equipment. Tougher environmental requirements make firms invest into more environmentally friendly production processes. Furthermore, the sector is expected to be growing in the future. Financial instruments in the form of loan guarantees and interest rate subsidies would partly eliminate the existing financing gap. Small firms would benefit from simple and flexible financial instruments serving as guarantees for loans. Large firms would benefit from long-term loans supported by financial instruments. Policy-makers should place special attention on the use of financial instruments in agri-food sub-sectors with potential high value added and high employment.","PeriodicalId":38587,"journal":{"name":"Agris On-line Papers in Economics and Informatics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46680739","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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