Selected problems of capital endowment of Czech agriculture

Rosochatecká, Eva; Tomšík, Karel; Zidkova, Dagmar

doi:10.17221/242-agricecon

Cited by 11 publications

(7 citation statements)

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“…Technological change, as well as the increase in environmental and animal welfare standards, may require investment aimed at improving the capital stock of dairy farms, which due to dairy farms' asset-specificity problem may be associated with high adjustment costs (Gardebroek & Oude Lansink, 2004). The asset specificity in agriculture, and specifically in the dairy sector, requires relatively large investments customized for highly specific and less flexible uses (Feinerman & Peerlings, 2005;Rosochatecká et al, 2008). Constrained conditions for accessing capital can occur for farms in transition economies where market institutions are still underdeveloped (Fertő et al, 2020;Hüttel et al, 2010).…”

Section: Dairy Farm Investment Investment Subsidies and Soft Budget Constraints: Findings From Academic Literaturementioning

confidence: 99%

The investment behaviour of dairy farms in transition economies

Fertő

Bojnec

Fogarasi

et al. 2021

Baltic Journal of Economics

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This article investigates dairy farm investment behaviour and the presence of soft budget constraints in the dairy farms of Baltic and Central European transition countries -Estonia, Hungary and Sloveniausing individual dairy farm accountancy panel data for the years 2007-2015. The empirical results confirm that gross dairy farm investment is positively associated with gross dairy farm investment for the previous year for financially unconstrained dairy farms, and negatively for financially constrained dairy farms. It is also positively associated with public investment subsidies, and, except for Slovenia, with growth in real sales for financially unconstrained dairy farms. Mixed results are found for gross dairy farm investment squared and cash flow variables. A particularly significant negative cash flow regression coefficient implies significant soft budget constraints for financially unconstrained Estonian and Slovenian dairy farms, while insignificant cash flow regression coefficients imply weak soft budget constraints for financially unconstrained Hungarian dairy farms.

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Section: Dairy Farm Investment Investment Subsidies and Soft Budget Constraints: Findings From Academic Literaturementioning

confidence: 99%

The investment behaviour of dairy farms in transition economies

Fertő

Bojnec

Fogarasi

et al. 2021

Baltic Journal of Economics

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“…A no less important role within the business is held by capital as a factor of production. Rosochatecká et al (2008) state that the capital (fi nancial) structure of a business is comprised of the individual sources of fi nancing on which the asset basis of the business is based. A positive result of economic activity, as one of a business's own sources of fi nancing, is thus a precondition for investing, economic growth of the business and thus for the competitiveness of the business as such.…”

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confidence: 99%

Determinants of the result of economic activity of agricultural businesses of legal entities in the Czech Republic

Aulová¹,

Rumánková²,

Ulman³

2013

Acta Univ. Agric. Silvic. Mendelianae Brun.

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“…This paper selects age, education, labor force, and duration of farming as the human aspects of capital endowment, which comprises exploring the local and international scholars within similar approaches (for more details, please see references [ 47 , 48 , 49 ]). In addition, the study selects planting scale, quality of agricultural pieces of machinery, income, and specialization as a material aspect of the capital endowment.…”

Section: Variables and Research Approachesmentioning

confidence: 99%

How Capital Endowment and Ecological Cognition Affect Environment-Friendly Technology Adoption: A Case of Apple Farmers of Shandong Province, China

Wang

Sarkar

et al. 2021

IJERPH

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Ever-increasing global environmental issues, land degradation, and groundwater contamination may significantly impact the agricultural sector of any country. The situation worsens while the global agricultural sectors are going through the unsustainable intensification of agricultural production powered by chemical fertilizers and pesticides. This trend leads the sector to exercise environmentally friendly technology (EFT). Capital endowment and ecological cognition may significantly impact fostering farmers’ adoption of environmentally friendly technology. The government also tends to change the existing policies to cope with ever-increasing challenges like pollution control, maintaining ecological balance, and supporting agricultural sectors substantially by employing ecological compensation policy. The study’s main objective is to explore the impacts of farmer’s ecological compensation, capital endowment, and ecological cognition for the adoption of EFT. The empirical setup of the study quantifies with survey data of 471 apple farmers from nine counties of Shandong province. The study used Heckman’s two-stage model to craft the findings. The results showed that 52.02% of fruit farmers adopted two environmentally friendly technologies, and 23.99% of fruit farmers adopted three forms of environmentally friendly technologies. At the same time, we have traced that the capital endowment, planting scale, family income, and technical specialization of fruit farmers significantly impact adopting EFT. The study also revealed that understanding ecological compensation policy has a significant positive effect on adopting environmentally friendly technology. Seemingly, ecological compensation policy has a specific regulatory effect on fruit farmers’ capital endowment and ecological cognition. Therefore, it is necessary to extend the demonstration facilities, training, and frequently arrange awareness-building campaigns regarding rural non-point source pollution hazards and improve the cognition level of farmers. The agriculture extension department should strengthen the agricultural value chain facilities to make farmers fully realize the importance of EFT. Government should promote and extend the supports for availing new and innovative EFT at a reasonable price. Moreover, cooperative, financial, and credit organizations need to lead for the smooth transition of EFT. The agricultural cooperatives and formal risk-taking networks should act responsibly for shaping the behavioral factors of farmers.

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Selected problems of capital endowment of Czech agriculture

Cited by 11 publications

References 0 publications

The investment behaviour of dairy farms in transition economies

The investment behaviour of dairy farms in transition economies

Determinants of the result of economic activity of agricultural businesses of legal entities in the Czech Republic

How Capital Endowment and Ecological Cognition Affect Environment-Friendly Technology Adoption: A Case of Apple Farmers of Shandong Province, China

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