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Environmental and social value of agriculture innovation

Author

Listed:
  • Marie KUBANKOVA

    (Agricultural Research, Ltd. Troubsko, Czech Republic)

  • Miroslav HAJEK

    (Department of Forestry Economics and Management, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Prague, The Czech Republic)

  • Alena VOTAVOVA

    (Agricultural Research, Ltd. Troubsko, Czech Republic)

Abstract

New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and environmental reporting can be constructed and implemented by providing an evaluation of a Bumblebee Nest. As a result, the total value consisting of the market, ecosystem and aesthetic value is provided. Although the market value comprises the largest proportion of the total value, it does not exceed 64%.

Suggested Citation

  • Marie KUBANKOVA & Miroslav HAJEK & Alena VOTAVOVA, 2016. "Environmental and social value of agriculture innovation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(3), pages 101-112.
  • Handle: RePEc:caa:jnlage:v:62:y:2016:i:3:id:58-2015-agricecon
    DOI: 10.17221/58/2015-AGRICECON
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    References listed on IDEAS

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    Cited by:

    1. Teresina Mancuso & Tibor Verduna & Simone Blanc & Giuseppe Di Vita & Filippo Brun, 2019. "Environmental sustainability and economic matters of commercial types of common wheat," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(4), pages 194-202.

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