Naslov (eng)

Food chain structure, price and risk management strategies - insights from the Serbian raspberry case study

Autor

Janković, Irena
Dragutinović Mitrović, Radmila
Stojanović, Žaklina
Ristić, Bojan

Opis (eng)

Abstract: Due to its high market share, global recognition and competitiveness, the raspberry production has been the most important fruit production in Serbia. The paper addresses the main issues related to price fluctuations and risk management strategies in the Region of Sumadija and Western Serbia. Price fluctuations of a specific commodity are observed both on global and local markets, while data on income and budget support were calculated based on FADN data (2014 and 2015) and Boniteti.rs database. In traditionally organized agricultural societies on farm business diversification is the risk strategy that is most often used. However, this strategy is only partially applied due to unique social and cultural environment (the micro region is specialized in raspberry production). Furthermore, having in mind historical circumstances (transition from the social to market oriented production), underdeveloped food chain structure has created additional problems. The findings indicate a different dispersion of the value created due to significant differences in the market power of the value chain participants. Being powerless, it is hardly expected from raspberry producer to be “an equal” partner at the market. Finally, analysis shows that the price-linked public policies influence farmers’ risk exposure and improve farms income particularly in the fruit sector in Serbia. However, these policies also affect farmers’ risk management behaviour. The normal risk behaviour assumes that farmers are responsible for managing their own business. They can fully express their economic, social and environmental behaviour if they are supported by measures that facilitate more informed business choices

Opis (eng)

The paper is based on the data gathered during the EU Horizon 2020 SUFISA project (Grant agreement No. 635577).

Jezik

engleski

Datum

2018

Licenca

© All rights reserved

Predmet

Keywords: price, income, government support, market structure and risk management

Deo kolekcije (1)

o:28218

Ekonomski fakultet