Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach
This paper utilizes available data sets and a single translog profit function to examine the performance of dairy farms operating in mountain and lowland areas, respectively. A translog profit model estimates reveal an apparent trend going toward explaining the better economic performance of highlan...
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2018-01-01
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Online Access: | http://hrcak.srce.hr/file/297881 |
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doaj-5df16ad5408d401b90757ade784e00862020-11-25T00:40:32ZengCroatian Dairy UnionMljekarstvo0026-704X1846-40252018-01-01683224233Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approachJernej Prišenk0Ivo Grgić1Magdalena Zrakić2Jernej Turk3University of Maribor, Faculty of Agriculture and Life Sciences, Pivola 10, 2311 Hoče, SloveniaUniversity of Zagreb, Faculty of Agriculture, Svetošimunska 25, 10000 Zagreb, CroatiaUniversity of Zagreb, Faculty of Agriculture, Svetošimunska 25, 10000 Zagreb, CroatiaUniversity of Maribor, Faculty of Agriculture and Life Sciences, Pivola 10, 2311 Hoče, SloveniaThis paper utilizes available data sets and a single translog profit function to examine the performance of dairy farms operating in mountain and lowland areas, respectively. A translog profit model estimates reveal an apparent trend going toward explaining the better economic performance of highland dairy farms stemming from their capability to adjust accurately to underlying changes in the milk market. The empirical analysis finds mostly inelastic price elasticity trends. Translog profit model alleviates the path of understanding in explaining the better economic situation of these high-land dairy farms stemming from their capability to adjust adequately and promptly to ongoing changes in the milk market. Finally, the results of the study could at the same time deliver a new dimension in further debate about CAP post-2020 developments.http://hrcak.srce.hr/file/297881agro-food chainvalue addeddairy farmsmountain regionstranslog profit function |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Jernej Prišenk Ivo Grgić Magdalena Zrakić Jernej Turk |
spellingShingle |
Jernej Prišenk Ivo Grgić Magdalena Zrakić Jernej Turk Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach Mljekarstvo agro-food chain value added dairy farms mountain regions translog profit function |
author_facet |
Jernej Prišenk Ivo Grgić Magdalena Zrakić Jernej Turk |
author_sort |
Jernej Prišenk |
title |
Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
title_short |
Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
title_full |
Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
title_fullStr |
Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
title_full_unstemmed |
Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
title_sort |
value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach |
publisher |
Croatian Dairy Union |
series |
Mljekarstvo |
issn |
0026-704X 1846-4025 |
publishDate |
2018-01-01 |
description |
This paper utilizes available data sets and a single translog profit function to examine the performance of dairy farms operating in mountain and lowland areas, respectively. A translog profit model estimates reveal an apparent trend going toward explaining the better economic performance of highland dairy farms stemming from their capability to adjust accurately to underlying changes in the milk market. The empirical analysis finds mostly inelastic price elasticity trends. Translog profit model alleviates the path of understanding in explaining the better economic situation of these high-land dairy farms stemming from their capability to adjust adequately and promptly to ongoing changes in the milk market. Finally, the results of the study could at the same time deliver a new dimension in further debate about CAP post-2020 developments. |
topic |
agro-food chain value added dairy farms mountain regions translog profit function |
url |
http://hrcak.srce.hr/file/297881 |
work_keys_str_mv |
AT jernejprisenk valuebasedfoodchainsasanopportunitytoimprovetheeconomicsituationofdairyfarmsatranslogprofitfunctionapproach AT ivogrgic valuebasedfoodchainsasanopportunitytoimprovetheeconomicsituationofdairyfarmsatranslogprofitfunctionapproach AT magdalenazrakic valuebasedfoodchainsasanopportunitytoimprovetheeconomicsituationofdairyfarmsatranslogprofitfunctionapproach AT jernejturk valuebasedfoodchainsasanopportunitytoimprovetheeconomicsituationofdairyfarmsatranslogprofitfunctionapproach |
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1725289430300753920 |