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A comparative analysis of organic and conventional farmers in the Czech Republic

Author

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  • Josef KRAUSE
  • Ondrej MACHEK

    (Department of Strategy, Faculty of Business Administration, University of Economics, Prague, Czech Republic)

Abstract

Organic farming has become a topic that receives an increasing academic as well as popular attention. This study examines the financial differences between the organic and conventional farmers, as well as their income volatility. Based on the Student's t-test, the regression analysis and the matched-pair investigation on a sample of Czech 291 organic and 4045 conventional farmers over the period 2009-2013, the study indicates that the organic agricultural companies outperform the conventional companies in the terms of profitability. However, their asset turnover is considerably lower. No evidence of different income volatility has been found.

Suggested Citation

  • Josef KRAUSE & Ondrej MACHEK, 2018. "A comparative analysis of organic and conventional farmers in the Czech Republic," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(1), pages 1-8.
    • Handle: RePEc:caa:jnlage:v:64:y:2018:i:1:id:161-2016-agricecon
    DOI: 10.17221/161/2016-AGRICECON
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    References listed on IDEAS

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    1. Ankamah-Yeboah, Isaac & Nielsen, Max & Nielsen, Rasmus, 2016. "Price premium of organic salmon in Danish retail sale," Ecological Economics, Elsevier, vol. 122(C), pages 54-60.
    2. William D. McBride & Catherine Greene, 2009. "Costs of Organic Milk Production on U.S. Dairy Farms," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 793-813, December.
    3. Uematsu, Hiroki & Mishra, Ashok K., 2012. "Organic farmers or conventional farmers: Where's the money?," Ecological Economics, Elsevier, vol. 78(C), pages 55-62.
    4. Filippo Sgroi & Matteo Candela & Anna Maria Di Trapani & Mario Foderà & Riccardo Squatrito & Riccardo Testa & Salvatore Tudisca, 2015. "Economic and Financial Comparison between Organic and Conventional Farming in Sicilian Lemon Orchards," Sustainability, MDPI, vol. 7(1), pages 1-15, January.
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    Cited by:

    1. Hana Vašková & Pavel Saska, 2024. "Comparison of Organic and Conventional Agriculture in the Czech Republic: A Systematic Review," Agriculture, MDPI, vol. 14(11), pages 1-17, November.
    2. Beadle, Brian, 2023. "The design and application of an agricultural sustainability index using item response theory," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 278112, January.
    3. Bang, Rasmus & Hansen, Bjørn Gunnar & Guajardo, Mario & Sommerseth, Jon Kristian & Flaten, Ola & Asheim, Leif Jarle, 2024. "Conventional or organic cattle farming? Trade-offs between crop yield, livestock capacity, organic premiums, and government payments," Agricultural Systems, Elsevier, vol. 218(C).

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