An economic evaluation of long-term sustainability in the dairy sector

2004 ◽  
Vol 79 (2) ◽  
pp. 315-325 ◽  
Author(s):  
J. M. Santarossa ◽  
A. W. Stott ◽  
J. A. Woolliams ◽  
S. Brotherstone ◽  
E. Wall ◽  
...  
Keyword(s):  
Natural Resource ◽  
Agricultural Sector ◽  
Dairy Farm ◽  
Limiting Factors ◽  
Accounting Data ◽  
Genetic Traits ◽  
Economic Point ◽  
Economic Weights ◽  
The Impact

AbstractThis paper addresses the problem of assigning economic weights to heritable genetic traits of dairy cows while taking all implicit natural resource values into consideration. To do so, a deterministic bio-economic model of a dairy farm enterprise driven by input probabilities of oestrous detection and conception rates that act through the calving interval is constructed. The model further accounts for biologically limiting factors of both livestock and land within a neo-classical economics framework of profit maximization. Departing from the more customary approach of obtaining gross margins to calculate levels of return in the agricultural sector, we employ a natural resource economics methodology where returns are set against an economic point of reference specified as the value of natural assets' productivity and terminal assets' resale value. Introducing the impact of farming intensity on soil fertility enables us to obtain long-run variations in natural asset values as affected by tillage intensity. Results show that economic weights are not constant over the range of changes in genetic improvements due to the non-linearity of the system induced by diminishing marginal product of inputs and finite carrying capacity of resources employed. These values, while invariant to area farmed, are however subject to variations in resource quality and therefore will reflect the sensitivity of long-term sustainability of the system to managerial decisions on intensity of operation. Results further demonstrated that achieving optimum levels of output while precluding the impact of intensity on land productivity can seriously reduce the time horizon over which sustainability can be maintained. Inclusion of the implicit costs of land use on the other hand tended to suggest optimum levels of output below those identified when only considering accounting data.

scholarly journals African agriculture in the context of COVID-19: Finding salvation in the devil

2020 ◽  
Vol 15 (4) ◽  
pp. 302-310
Author(s):  
Guy Blaise Nkamleu ◽  
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
Food System ◽  
Free Trade Area ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Agriculture Sector ◽  
Sub Saharan ◽  
The Impact

The world is facing unprecedented challenges from COVID-19, which is disrupting lives and livelihoods. The pandemic could profoundly affect the African continent and wipe out hard-won development gains, as sub-Saharan Africa heads into its first recession in 25 years. Beyond the multispatial impact of the coronavirus in Africa, its effects on the agriculture and food system is of particular interest, as food security could be the most affected area and, at the same time, agriculture could be the sector that could help African economies recover quicker from the impact of COVID19. This paper supports the view that COVID-19, as devilish as it may be, offers an opportunity to revive interest in the agricultural sector. The COVID-19 pandemic has placed immense pressures on African countries to raise additional resources, and consequently Africa’s growing public debt is again coming back to the centre stage of the global debate. The conversation on African debt sustainability has begun to dominate the scene and will flood the debate in the near term. While the observed, growing calls for debt relief for African countries are legitimate, we support in this paper that one should not divert attention from the long-term solutions needed to strengthen Africa’s resilience. These long-term solutions lie where they always have: in agriculture. With COVID-19, shipping agricultural inputs and food products from other continents to Africa has become disrupted and is accelerating the trend towards shortening supply chains. This will leave a potential market for inputs and food produced on the continent. COVID-19, together with the launching of the African Continental Free Trade Area (AfCFTA), have aligned the stars in favour of a decisive transformation of the agriculture sector on the continent. Agriculturalists and development experts need to be aware of their responsibility at this time, as they need to advocate for the topic of agricultural development to return to the centre and the heart of the agenda of discussions on how to respond to the consequences of Covid-19 in Africa. In this sense, and unexpectedly, COVID-19 is an opportunity for the agricultural sector.

scholarly journals Decupling as a mechanism for ensuring the reproduction of natural resource capital in the agricultural sector

2021 ◽  
Vol 5 (1) ◽  
pp. 6-12
Author(s):  
V.V. Polyakov ◽  
Keyword(s):  
Natural Resource ◽  
National Economy ◽  
Agricultural Sector ◽  
Crucial Importance ◽  
Effective Mechanism ◽  
Progressive Development ◽  
Individual Enterprise ◽  
The Impact ◽  
Reproduction Activity

Natural resource capital is the most important tool in the process of reproduction activity of both enter-prises and all sectors of national economy. Therefore, the impact of the economic component, which ensures the formation of an effective mechanism for the reproduction of such resource capital is of crucial importance in the overall system of socio-economic development of the country. The dynamism of this process is about the progressive development of economy which must ensure the increasing role of natural resource capital in the formation of effective activities of all sectors of the national economy as a whole, including every individual enterprise, regardless the emerging forms of owner-ship. In this regard, the influence of decupling on the formation of a mechanism for the effective reproduction of natural resource capital in the specific agricultural sector becomes extremely important.

scholarly journals Financial resilience of municipal civil servants’ pension funds

2019 ◽  
Vol 30 (81) ◽  
pp. 425-445 ◽  
Author(s):  
Diana Vaz de Lima ◽  
André Carlos Busanelli de Aquino
Keyword(s):  
Local Governments ◽  
Pension Funds ◽  
Civil Servants ◽  
Accounting Data ◽  
Fund Managers ◽  
Lock In Effect ◽  
Lock In ◽  
The Impact ◽  
The City

ABSTRACT The objective of this study was to analyze the responses and the repetitive pattern of financial resilience which emerge within the civil servants’ pension funds (RPPS, in Portuguese) of local governments in Brazil. The analysis extends the traditional financial resilience approach discussing the emergence of vulnerability from the sponsor and RPPS interaction, often stimulated by the lock-in effect from the federal regulation, which constrains the space for transformative responses. Financial resilience is a concern usually applied to governments’ response to crises, but not for pension funds. However, the long-term objective of such funds when juxtaposed to short-term pressures conduce a paradoxical standpoint for fund’s managers absorbing the pressures. The impact of this article to the pension funds and the regulatory field is the proposition that the growing vulnerability of RPPS regimes comes from the insufficient governance belt protecting them, which would be a necessary and applicable remedy to any pension funds reform the country decides to take . It was applied a sequential mixed-method approach, starting by interviews with fund managers, actuarial consultants and representatives of the Ministry of Finance's Pension Secretariat (SPREV), to identify the usual responses to emerging financial pressures which affect the funds’ financial performance. Secondly, four from the identified typical responses were selected and analyzed through financial and accounting data to detect the response for about 1,8 thousand funds from 2014 to 2016. Based on the frequency of the adopted responses by each fund, it was proposed a recurrent financial resilience pattern, and how the managers’ responses vary according to the vulnerability provoked by the City Hall’s decisions. It was observed that the City Halls accommodate budgetary pressures failing to transfer or downsizing the contributions to the fund, increasing the fund’s vulnerability. The managers consequently respond subjoining the reserves to pay pensioners, reinforcing the fund’s vulnerability. Such response is a weak resilience pattern, which reinforces the funds’ vulnerability due to governance gaps and the lock-in effect proposed by Pike, Dawley & Tomaney (2010), which constrains the local agents’ capacity to perceive and find solutions more transformative and actives looking for financial sustainability.

scholarly journals Productivity of Short-Rotary Crop Cultivation under Different Systems of Basic Tillage in Organic Agriculture of the Steppe of Ukraine

2021 ◽  
Vol 24 (4) ◽  
pp. 40-53
Author(s):  
Yevgen Yurkevych ◽  
Nataliia Valentiuk
Keyword(s):  
Agricultural Sector ◽  
Free System ◽  
Crop Cultivation ◽  
Modern Agriculture ◽  
Short Rotation ◽  
Digestible Protein ◽  
Check Experiment ◽  
Rotation Crop ◽  
The Impact

Long-term reform of the agricultural sector in Ukraine is taking place under difficult economic and natural conditions. In modern agriculture, the most relevant ones are biologized measures and technologies for growing crops and resource- and energy-economic restoration of soil fertility. Studies of the impact of the system of basic tillage and the use of straw bio-decomposers and postharvest residues in organic farming were conducted in the most common and typical for the southern region of the steppe of Ukraine short- rotation crop cultivation with the following alternation of crops: peas – winter wheat – winter barley – ½ sunflower fields + ½ corn fields. During the years of the first cultivation, the experiment showed the advantages of a system of differentiated tillage, where even without the use of bio-decomposers, the highest yield of cereals was obtained – 3.64 tons/ha and sunflower – 2.20 tons/ha (check experiment). The application of the planar-free system combined with multi-depth and especially planar-free shallow soil processing, main tillage caused a decrease in grain yields by 0.11-0.39 tons/ha and sunflower by 0.28-0.42 tons/ha, respectively. With the use of bio-decomposers provided by brands Ecostern and Cellulad, yields’ growth is in the range of 0.13-0.25 t/ha or 4.5-8.7% for cereals and 0.10-0.23 t/ha or 5.4-12.4% for sunflower. The application of the Ecostern bio-decomposer 1.5 l/ha provided an increase in the yield from 1 ha of crop rotation area of grain, fodder, fodder-protein units and digestible protein on average in all systems of basic tillage by 4.7, respectively; 4.5; 4.3 and 5.4%, and with the introduction of Cellulad 2.0 l/ha, these figures increased by 9.5, respectively; 8.9; 8.6 and 10.8% compared to options without the introduction of bio-decomposers

scholarly journals Cooperative movement in the agricultural sector: retrospective, modernity, future

2021 ◽  
Vol 2021 (54) ◽  
pp. 9-36
Author(s):  
Lyubov Moldavan ◽  
◽  
Keyword(s):  
Rural Areas ◽  
Agricultural Sector ◽  
Food Sovereignty ◽  
Economic Democracy ◽  
State Support ◽  
Cooperative Movement ◽  
Cooperative Development ◽  
External Conditions ◽  
The Impact

The article deals with historical aspects of the cooperative development from primary local forms to national and supranational cooperative structures. The author substantiates differences between cooperative and commercial corporate vertically integrated organizational forms in assigning the final economic result. The main factors of longevity and viability of cooperative forms are identified and substantiated, which include the principles of economic democracy, transparency, and solidarity in cooperatives; the unity of interests of cooperative members as its owners and cooperative services customers; the ability of cooperatives to adapt to rapidly changing external conditions; the impact of cooperatives on price stabilization and food affordability, which characterizes them as both economic and socio-humanistic essence; and solid economic and social connection with communities. The objective conditionality of the state support has been proved for the development of the cooperative movement as a factor in preserving the farming type of economy, promoting the rural population, the development of the rural areas, and strengthening the country’s food sovereignty. The author proves the conformity of cooperative forms of economic activity organization to the principles of sustainable development, which provides them with demand in the future of the agricultural sector. Generalized foreign practice of forming a favorable institutional and legal environment for the cooperative development, their financial support at the formation stage, staffing, and informational and advisory support. The main causes of the slow revival of the cooperative movement in the domestic agricultural sector are explained, and guidelines and ways of their elimination are outlined. Among them, the author identifies as urgent the aligning of domestic cooperative legislation with Western European legal practice and the introduction of long-term state support programs for the development of cooperative movement in Ukraine’s agricultural sector.

scholarly journals Market transformations in the banking sector of Ukraine: a view through the prism of "non-economic" policy

2021 ◽  
Vol 2021 (2) ◽  
pp. 74-88
Author(s):  
Drobiazko Anatoliy ◽  
◽  
Keyword(s):  
Economic Policy ◽  
Banking Sector ◽  
Point Of View ◽  
Economic Losses ◽  
Ruling Elite ◽  
Economic Point ◽  
Economies In Transition ◽  
Negative Effect ◽  
The Impact

The author analyzes the processes occurring in the banking sector of Ukraine from the standpoint of "non-economic" policy, the theory of which is currently being discussed in modern economics. According to the author, the impact of such a policy does not allow Ukraine to find the optimal strategy for its development, in particular regarding the regulation in the banking sector. One of the reasons for this is the shortage of public administration, which is generally characteristic of countries with economies in transition. It is proved that the NBU's "settlement" of the banking market after 2014 was extremely unsuccessful from an economic point of view. Quantitative estimates of losses suffered by the Ukrainian economy as a result of the campaign to clean up the banking sector during 2014-2016 are presented and analyzed. Through the prism of the typology of "non-economic" policy, the author considers the processes of demonetization of Ukraine's economy and current problems of the national stock market. It is determined that during the reforms in the banking sector, the adoption by the ruling elite, as well as the by the judiciary, of a series of uncalculated and unconsidered decisions poorly consistent with Ukraine’s specific features led to destructive consequences, which affect the long-term development of the country's economy. In addition to economic losses (more than 10 billion USD) and the planting of a ticking bomb under the future lending, the "bankfall" brought about social damage, which is the loss, by the most active segment of the population, of the confidence in the economic strategy proposed by government officials. In recent years, after the crisis of 2014, no banking institutions have been registered, while the number of banks’ separate branches is rapidly declining, along with the corresponding number of jobs. The author concludes that the current practice of selling liquidation assets of bankrupt banks will have a long-term negative effect, because it benefited bad creditors who bought their overdue debt at a discount through third parties, while the most active part of the population (depositors "200+" and small and medium businesses) suffered losses and lost confidence in banks. It is noted that the main reason for Ukraine to choose the "non-economic" policy is the separation of the management decisions from real socio-economic needs. As a result, the economic decisions initiated in this area not only cause material damage, but also hinder this country’s civilizational advancement.

scholarly journals National Strategy And Policy On The Agricultural Sector During The Covid-19 Outbreak

2020 ◽  
Vol 14 (3) ◽  
pp. 572
Author(s):  
Supardi Rusdiana ◽  
Chalid Talib
Keyword(s):  
Food Security ◽  
Agricultural Sector ◽  
Major Change ◽  
Literature Study ◽  
Economic Stability ◽  
National Policies ◽  
And Behavior ◽  
The Impact ◽  
National Food Security

The spread of Covid-19 majorly affected the global economic stability. This major change also changed the dynamic of Indonesia economic growth. This study employed a literature study and discussion technique to analyze the situation during the spread of Covid-19. The data collected from the literature, websites, national and international news that relevant to the recent policies and conditions. This study aimed to know the strategy and policy taken by the national policymaker in the agricultural sector during the Covid-19 outbreak. Results showed that the impact of the spread of Covid-19 on the economic aspect and the strategy chosen depending on the national policies. The national policies made based on various aspects, risks, and market scenarios. The labor-intensive effort, development of the agricultural technology, and marketing efforts intensively done to engage the farmer and consumer. The long-term policies strengthen the national food security and agricultural sector. The policies of data use arranged to be applied in various sectors, especially agricultural and food security. These policies managed to encourage and accelerate the synergy of a sustainable agricultural modernization. The national food security development actively contributed to cope with the food security gap in all area in Indonesia. The long-term policies provided a better comprehension and behavior change toward the farmer wellness aspect.

scholarly journals ANALYSIS OF THE IMPACT OF KEY INDICATORS ON THE FINANCIAL POSITION OF PRODUCERS OF THE AGRICULTURAL SECTOR

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 382-385
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
The State ◽  
Agricultural Producers ◽  
Agrarian Sector ◽  
The Subject ◽  
Key Indicators ◽  
The Impact ◽  
Financial Recovery

The agrarian sector is of strategic importance to the national economy because it ensures the country's food security and the presence of a significant number of unprofitable agricultural producers has imposed their financial recovery in order to ensure the development of the agrarian sector in the country. In order to improve the economic situation and reduce the number of failed agricultural producers in Bulgaria, government measures have been taken to improve the producers. Legislative acts, state targeted programs and priority national agricultural development projects have been adopted in recent years, all of which are under the European Common Agricultural Policy. As a result, there is a scientific and practical need to study the forms and methods of financial rehabilitation of agricultural organizations that confirm the importance of the article. The subject of a survey of the publication is the state of the finances of the agricultural sector producers and the methods for its improvement. The main objectives of the financial recovery are to prevent liquidation, debt restructuring, restore solvency, ensure long-term financial sustainability of agrarian producers. The objectives of the course are a study of the state of the financing of agriculture and the ways of its improvement.

scholarly journals Assessment of the impact of COVID-19 on transportation and its inter-linked sectors of Nepal

2021 ◽  
Vol 1 (1) ◽  
pp. 8-19
Author(s):  
Dipendra Bahadur Singh ◽  
Deepak Kumar Sah
Keyword(s):  
Agricultural Sector ◽  
Sharp Decrease ◽  
Petroleum Products ◽  
Aviation Industry ◽  
Investment Projects ◽  
Transportation Sector ◽  
Travel Restrictions ◽  
The Impact ◽  
Comprehensive Study

Nepal being a landlocked country is completely dependent on the roadways and airways for means of transportation however, the railway has not been started in Nepal to date. Transportation is interlinked with mobility and due to lockdown every sector related to mobility has been affected. Consequently, the aviation sector has been worst hit as airlines were prohibited to operate. The aviation industry of Nepal has foreseen significant decadence in the mobility of passengers and cargo (international and domestic) which has affected revenue generation. Similarly, the imposed lockdown has influenced the ongoing nation's pride and the long-term investment projects which have been considered as a milestone in the infrastructural development of Nepal and those projects need to be reprogrammed and reprioritized. Moreover, the sharp decrease in import of petroleum products has decreased the revenue paid to the Indian Oil Corporation (IOC) which will help to reduce trade loss. The lockdown induced due to COVID-19 has also affected the agricultural sector as the supply chain has been disrupted due to travel restrictions. The overall Gross Domestic Product (GDP) that the transport and its inter-linked sector contribute has been reduced during lockdown than the preceding years. Identifying the paucity of research in the transportation sector of Nepal this paper is focused on the comprehensive study of the impact of the COVID-19 transportation sector along with its inter-connected areas.

Assessing the Impact of Mergers and Acquisitions on Firm Performance: Evidence from India

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
Rabi Narayan Kar ◽  
Amit Soni ◽  
Chandan Kumar Singh
Keyword(s):  
Mergers And Acquisitions ◽  
Large Body ◽  
Financial Accounting ◽  
Policy Regime ◽  
Accounting Data ◽  
Net Worth ◽  
Indian Context ◽  
Long Term Impact ◽  
The Impact

The issue regarding why corporate enterprises engage in mergers and acquisitions (M&As) has become the centre of a large body of corporate finance literature in recent years. In the Indian context, the deregulated policy regime started in 1991 has significantly contributed to the increase in M&A activity. This paper is aimed at examining the long-term impact following M&As of listed Indian enterprises in the post-liberalisation period by using financial accounting data. Throughout the period of study, turnover increased after the companies experienced an M&A which is in line with the findings that Indian companies grew in size and attained bigger market share. M&As did not have any impact on return on net worth for the period of study. Mixed results have been reported for other variables.

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