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Agriculture’s Multifunctionality, Sustainability, and Social Responsibility

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  • Hediger, Werner
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    Abstract

    We investigate the question whether the concept of corporate social responsibility (CSR) could be used to replace or complement those of multifunctionality and sustainability in the agri-food sector. It shows that the double role of citizens as tax payers and customers requests and allows us to directly link the problems of governance and stakeholder society in an intertemporal framework of total value maximisation and sustainable development. Thus, the concept of CSR provides a link between the views on agriculture’s multifunctionality and sustainability. Moreover, the fact that some actors in a vertical market, such as the agri-food chain, can exercise market power and absorb tax money and resource rents enforces the need of a broader perspective which involves concern about addresses the social responsibilities and performance of all actors along this value chain.

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    File URL: http://purl.umn.edu/36854
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    Bibliographic Info

    Paper provided by Agricultural Economics Society in its series 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK with number 36854.

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    Date of creation: 30 Mar 2008
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    Handle: RePEc:ags:aes008:36854

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    Keywords: agricultural policy; multifunctionality; sustainability; social responsibility; market power.; D62; D63; Q01; Q18;

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    11. Andrea Beltratti, 2005. "The Complementarity between Corporate Governance and Corporate Social Responsibility," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 30(3), pages 373-386, July.
    12. T. A. Lloyd & S. McCorriston & C. W. Morgan & A. J. Rayner, 2006. "Food scares, market power and price transmission: the UK BSE crisis," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 33(2), pages 119-147, June.
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