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Sustainability of Farming Enterprise – Governance and Evaluation

Author

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  • Bachev, Hrabrin

Abstract

The issue of governance and evaluation of sustainability of farming enterprise like individual and family farms, agro-companies, agro-cooperatives, etc. is among the most discussed among researchers, farmers, investors, politicians, interests groups and public at large. Despite the significant development of the theory and practice in that new area still there is no common understanding on “what is (how to define) sustainability of farming enterprises?”, „what is the difference and relations between farm and agrarian sustainability?“, “which are the critical factors of sustainability of farming enterprises?”, “which are the governing mechanisms and forms for farms sustainability?”, “how to select the most-efficient forms for governing of farms sustainability?”, and “how to evaluate the sustainability level of farming enterprises” in a dynamic world, where hardly there is anything actually “sustainable. This paper tries to give answer to all these questions. First, evolution of the “concept” of sustainability of farming enterprises is initially analyzed and discussed. On that base is suggested adequate definition of farming enterprise’ sustainability as ability of a particular farm to maintain its governance, economic, social and ecological functions in a long term. After that principle mechanisms and modes of governance of sustainability of farming enterprise are specified, including institutional environment, market, private, collective, public and hybrid modes. Following applicable for the contemporary conditions of the development of Bulgarian agriculture framework for assessing the farm sustainability level is suggested. The later includes a system of appropriate principles, criteria, indicators, and reference values, which characterise the governance, economic, ecological and social aspects of farms sustainability as well as approach for their integration and interpretation. Finally, a framework for analysing and assessing the efficiency of the individual components and the entire system of governance for farm enterprise’ sustainability is suggested. Ultimate objective of this study is to discuss and experiment efficiency of suggested framework, and after improving it to suggest it for a wider use in farm and agri-business management, and improvement of policies and modes of public intervention in agrarian sector.

Suggested Citation

  • Bachev, Hrabrin, 2016. "Sustainability of Farming Enterprise – Governance and Evaluation," MPRA Paper 69734, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:69734
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    File URL: https://mpra.ub.uni-muenchen.de/69734/1/MPRA_paper_69734.pdf
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    References listed on IDEAS

    as
    1. Karl Zimmerer, 2007. "Agriculture, livelihoods, and globalization: The analysis of new trajectories (and avoidance of just-so stories) of human-environment change and conservation," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 24(1), pages 9-16, March.
    2. Hrabrin Bachev, 2009. "Mechanisms Of Governance Of Sustainble Development," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    3. Hansen, J. W., 1996. "Is agricultural sustainability a useful concept?," Agricultural Systems, Elsevier, vol. 50(2), pages 117-143.
    4. Barrett, Christopher B., 1996. "Fairness, stewardship and sustainable development," Ecological Economics, Elsevier, vol. 19(1), pages 11-17, October.
    5. Hrabrin Bachev, 2013. "Risk Management in the Agri-food Sector," Contemporary Economics, University of Finance and Management in Warsaw, vol. 7(1), March.
    6. repec:mes:jeciss:v:30:y:1996:i:4:p:1212-1216 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Bachev, Hrabrin, 2017. "An Assessment of Sustainability of Bulgarian Farms," MPRA Paper 77463, University Library of Munich, Germany.
    2. Bachev, Hrabrin & Ivanov, Bojidar & Toteva, Dessislava & Sokolova, Emilia, 2018. "Оценка На Аграрната Устойчивост В България На Ниво Район, Екосистема, Подотрасъл И Стопанска Организация
      [Assessment of agrarian sustainability at regional, ecosystem, sectioal and farm levels in B
      ," MPRA Paper 83690, University Library of Munich, Germany.
    3. repec:ksp:journ4:v:4:y:2017:i:1:p:53-86 is not listed on IDEAS
    4. Bachev, Hrabrin, 2018. "Управление На Аграрната Устойчивост В България
      [Governance of agrarian sustainability in Bulgaria]
      ," MPRA Paper 83686, University Library of Munich, Germany.
    5. Bachev, Hrabrin, 2017. "Governance, economic, social and environmental sustainability of farms of different luridical type in Bulgaria," MPRA Paper 76654, University Library of Munich, Germany.

    More about this item

    Keywords

    farming enterprise; sustainability; governance; economic; social; ecological aspects; market; private and public modes of governance;

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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