Agricultural Economics, 2020 (vol. 66), issue 6
Trade-off between the economic and environmental sustainability in Czech dual farm structureOriginal Paper
Jindřich Špička, Tomáš Vintr, Renata Aulová, Jana Macháčková
Agric. Econ. - Czech, 2020, 66(6):243-250 | DOI: 10.17221/390/2019-AGRICECON 
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...
Age management as a human resources management strategy with a focus on the primary sector of the Czech RepublicOriginal Paper
Hana Urbancová, Pavla Vrabcová
Agric. Econ. - Czech, 2020, 66(6):251-259 | DOI: 10.17221/11/2020-AGRICECON
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...
Diversity of the selected elements of agricultural potential in the European Union countriesOriginal Paper
Agnieszka Tłuczak
Agric. Econ. - Czech, 2020, 66(6):260-268 | DOI: 10.17221/381/2019-AGRICECON
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...
What drives the rapid achievement of a funding target in crowdfunding? Evidence from ChinaOriginal Paper
Yaokuang Li, Junjuan Du
Agric. Econ. - Czech, 2020, 66(6):269-277 | DOI: 10.17221/319/2019-AGRICECON
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...
Impact of working capital management on business profitability: Evidence from the Polish dairy industryOriginal Paper
Zbigniew Gołaś
Agric. Econ. - Czech, 2020, 66(6):278-285 | DOI: 10.17221/335/2019-AGRICECON
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...
Impact of agricultural supports on competitiveness of agricultural productsCase Study
Hasan Arisoy
Agric. Econ. - Czech, 2020, 66(6):286-295 | DOI: 10.17221/416/2019-AGRICECON
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...