Enterprise Expansion and Opportunities for Expansion in Agriculture

It has often been stated that the agricultural sector has the potential to provide the needed raw material for the manufacturing sector. It is pertinent to clearly identify this potential, interrogate why it still remains potential, and more importantly, suggest workable ways to sustainably and profitably exploit the potential as a going concern. This chapter is therefore designed to focus on enterprise expansion and opportunities for expansion in agriculture. The chapter is divided into the following sections: “Characteristics of Agriculture in Nigeria,” “Determinants of Youth Participation in Agriculture,” “Agricultural Enterprise Expansion and Agricultural Transformation,” “Enhancing Enterprise Expansion,” and “Opportunities in Agriculture.” The chapter concludes that for the potential of agriculture in an economy to be realized, the relevant stakeholders should know that business as usual is not an acceptable option; yield-increasing and enterprise-expansion-inducing strategies should be implemented in both the short and the long term. Recommendations are made to enable those engaged in agriculture to profit by it and increase in both output and in scale.

Author(s):  
Eri Kuntoro

Since 2000, Indonesia had been confronted with the problem of increasing income inequality between the poor and rich. At the same time, there was a shift change in the economic structure. That was the decrease in the contribution of manufacturing sector which was replaced by services sector and the increase in raw material export due to the jump in commodity prices. This study aims to measure the determinants of inequality from the employment side in the form of structural transformation and the economic openness side in the form of trade and investment. By using a dynamic panel model, it is known that the increase on trade openness has a significant effect on the reducing of income inequality, but its effect has diminished in the commodity boom period. Meanwhile, the structural transformation from the agricultural sector to the services sector has contributed a significant role in reducing inequality.


2007 ◽  
Vol 24 (3) ◽  
pp. 207-219 ◽  
Author(s):  
Joshua Abor

PurposeThis study seeks to examine the effect of industry classification on the capital structure of SMEs in Ghana.Design/methodology/approachThe analytical technique employed is regression framework with various capital structure measures as dependent variables, and with industry as the independent variable. Analysis of variance (ANOVA) and other non‐parametric tests were also used to examine the differences in the capital structure of the SMEs across industries.FindingsThe results of this study indicate that SMEs in the agricultural sector exhibit the highest capital structure and asset structure or collateral value, while the wholesale and retail trade industry have the lowest debt ratio and asset structure. The regression results indicate that agriculture and pharmaceutical and medical industries depend more on long‐term and short‐term debt than does the manufacturing sector. Information and communication, and wholesale and retail trade sectors are more likely to use short‐term credit than the manufacturing sector. The results also show that the construction and mining industry is less likely to depend on short‐term debt, while hotel and hospitality depend more on long‐term debt and less on short‐term finance. The results clearly indicate that industry effect is important in explaining the capital structure of SMEs and that there are variations in capital structure across the various industries.Originality/valueThe main value of this paper is the analysis of the effect of industry classification on SMEs' capital structure from the Ghanaian perspective. The study provides insights on the financing behaviour of SMEs across various industries in Ghana.


2020 ◽  
Vol 6 (1) ◽  
pp. 49-54
Author(s):  
Khabib Barnoev ◽  

The article presents the results of a study to assess the functional reserve of the kidneys against the background of a comparative study of antiaggregant therapy dipyridamole and allthrombosepin in 50 patients with a relatively early stage of chronic kidney disease. Studies have shown that long-term administration of allthrombosepin to patients has resulted in better maintenance of kidney functional reserves. Therefore, our research has once again confirmed that diphtheridamol, which is widely used as an antiaggregant drug in chronic kidney disease, does not lag behind the domestic raw material allthrombosepin


2018 ◽  
Vol 9 (2) ◽  
pp. 33-48
Author(s):  
Rivaldy Februansyah ◽  
Ika Yanuarti

The manufacturing sector is one of the most dominant economic sectors in in achieving growth and development in Indonesia. It needs adequate fund to develop its business. The sources of fund are from internal and external. The firm usually optimized the usage of internal fund prior to external fund. The internal fund comes from equity while the external funds are from debt and stock. Debt is also known as financial leverage. There is a phenomenon that the usage of debt increased the firm’s financial performance, since interest on debt could lower the payment of tax (tax shield). On the other side, the higher the financial leverage the higher the risk of bankruptcy. This research aims to analyze whether financial leverage has an influence on financial performance in the manufacturing sector listed on the Indonesia Stock Exchange (IDX) period 2015. The method of analysis used in this research is multiple linear regression analysis. This research uses quantitative approach with a sample of 140 listed companies in the manufacturing industry. The firm’s financial performance could be measured by the financial ratios. Financial Leverage ratios are ratios that measure the ability of firm’s to meet its financial obligation and the level of usage debt as compared to equity. There are several financial leverage ratios that used in this research, such as Debt Ratio (DR), Debt to Equity Ratio (DER), Interest Coverage Ratio (ICR), and Long Term Debt Ratio (LTDR). Financial performance indicates the ability of firm to generate profit and measured by Profitability Ratio. Return on Asset (ROA) is one of the Profitability Ratio. The statistical result shows that Debt Ratio (DR) negatively affect Return on Asset (ROA) and Interest Coverage Ratio (ICR) positively affect Return on Asset (ROA). Meanwhile, Debt to Equity Ratio (DER) and Long Term Debt Ratio (LTDR) did not affect Return on Asset (ROA). On the other hand, result shows that Debt Ratio (DR), Debt to Equity Ratio (DER), Interest Coverage Ratio (ICR), and Long Term Debt Ratio (LTDR) affect Return on Asset (ROA) simultaneously. Keywords: Financial Leverage, Debt Ratio (DR), Debt to Equity Ratio (DER), Interest Coverage Ratio (ICR), Long Term Debt Ratio (LTDR), Financial Performance, Return on Assets (ROA)


Author(s):  
Anna Hulda Olafsdottir ◽  
Harald Ulrik Sverdrup

AbstractThe long-term supply of nickel to society was assessed with the WORLD7 model for the global nickel cycle, using new estimates of nickel reserves and resources, indicating that the best estimate of the ultimately recoverable resources for nickel is in the range of 650–720 million ton. This is significantly larger than earlier estimates. The extractable amounts were stratified by extraction cost and ore grade in the model, making them extractable only after price increases and cost reductions. The model simulated extraction, supply, ore grades, and market prices. The assessment predicts future scarcity and supply problems after 2100 for nickel. The model reconstructs observed extraction, supply and market prices for the period 1850–2020, and is used to simulate development for the period 2020–2200. The quality of nickel ore has decreased significantly from 1850 to 2020 and will continue to do so in the future according to the simulated predictions from the WORLD7 model. For nickel, extraction rates are suggested to reach their maximum value in 2050, and that most primary nickel resources will have been exhausted by 2130. After 2100, the supply per capita for nickel will decline towards exhaustion if business-as-usual is continuing. This will be manifested as reduced supply and increased prices. The peak year can be delayed by a maximum of 100 years if recycling rates are improved significantly and long before scarcity is visible.


Author(s):  
Yuriy Hayda ◽  
◽  
Khrystyna Firman ◽  

In this article analyzes the development of trends of bioenergy crops market development in Ukraine and its current state are analysed. The possibility and feasibility of synergy of mutual development of bioenergy crops market and bio-oil market in Ukraine were noted. The necessity of state support and stimulation of bioenergy crops and different types of biofuels production in Ukraine was stated. A positive trend of growth of planted areas and production of rapeseed in Ukraine was revealed. During the study period (2013-2019) the production of rapeseed was increased by 1.4 times. The greatest energy potential for the production of bioethanol is in the sugar beet subcomplex of the agricultural sector. Over the past few years, the production of sugar beet was at its highest in 2014 (15.7 million tonnes), while the following years saw a decrease in cultivated areas of sugar beet and, consequently, a drop in its gross output - to 8.3 million tonnes in 2020. Significant resource potential for the production of bioethanol also have cereal crops (wheat, rye, barley, maize), the area under which during the last ten years remains relatively stable (14.4-15.3 million ha). Among grain crops the most effective raw material for the production of bioethanol is maize. A positive tendency of biennial growth of planted area under this crop is revealed. The space differentiation of resource base of bioenergy in Ukraine is prominent. The cluster analysis revealed three groups of areas based on the similarity of the energy resources for bioenergy purposes. Two clusters including Khmelnytskyi, Ternopil, Zhytomyr and Chernihiv, Vinnytsia, Cherkasy, Sumy, Kirovograd, Poltava and Kyiv regions should be considered as the most promising areas for concentration of capacities in biofuel production. It is noted that the trajectory of development bioenergetic sector of the country is always conditioned by compromise between compliance with optimal levels of its energy and food security.


Significance Last week, its partners in the ‘Quad’ grouping -- the United States, Japan and Australia -- agreed to help increase its vaccine manufacturing and exporting capacity. Each of the Quad members is wary of China, which like India is gifting and selling coronavirus jabs around the world. Impacts India’s manufacturing sector will attract more foreign direct investment. Greater cooperation over supply chains will help strengthen India-Australia ties. Indian pharma will in the long term aim to ease dependence on imports of active pharmaceutical ingredients from China.


The study examined the arguments and counterarguments within the scientific discussion on commercial banks credit and the performance of real sector in Nigeria. The main objective of the study is to examine the effect of commercial banks credit on the performance of the real sector in Nigeria.Data was sourced from Central Bank of Nigeria Statistical Bulletin. A systematization literary approach for data analysis was Regression Analysis. Findings revealed that bank credit and bank lending rate does not have significant impact on real sector performance in Nigeria. It was showed that there was a positive and significant relationship between agricultural credit guarantee scheme fund and agricultural production in Nigeria. The study therefore recommends that banks should be directed to channel their credits towards the real sector to facilitate overall economic growth and development in Nigeria. It was recommended that there is the need policies that will favor the revamp of the agricultural sector in Nigeria should be given pride of place. Also, monetary authority through the Central Bank of Nigeria should create adequate policies and strategies towards deepening of the financial sector and reducing the cost of credit/loans so as to enhance productivity and consequently enhance the growth of the key sectors of economy such as manufacturing sector.


2021 ◽  
Vol 3 (12) ◽  
pp. 35-42
Author(s):  
Marina Yu. Mishina ◽  
◽  
Olga N. Kuznetsova ◽  
Аleksey V. Zverev ◽  
Tatyana R. Kireeva ◽  
...  

The authors investigated the problems and prospects for the development of mortgage lending in the agricultural sector of Russia. The study found that the level of mortgage and, especially, land-mortgage lending to agribusiness is not high enough. The reasons - agriculture is characterized by a number of specific risks, land plots (as collateral objects) are financially unattractive for banking institutions, which experience increased risks with long-term lending to the agricultural sector of the economy. As a result, the process of mortgage lending to agricultural organizations presents various difficulties for potential borrowers. In order to activate mortgages for agricultural formations, the authors propose that banks expand the practice of issuing such loans on the basis of the simultaneous purchase by agricultural borrowers of part of their shares, as well as issue mortgage securities on the security of financially attractive agricultural assets (unmanned agricultural equipment, pest control bioferms, grain quality measurement devices, digital doubles, drones, etc.).


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