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Economic Assessment of Biodiesel Production for Hungarian Farmers
72-76Views:163Utilisation of oil of plant origin as a fuel is gaining acceptance in the European Union and elsewhere. Besides environmental protection, energy saving, and decreasing over-production of food. Additionally, the subsidisation of farmers and the development of rural sub-regions also contribute to its spread. This study specifically focuses on the direct effects biodiesel's raw materials and final products are now having on farmers, while reviewing and quantifying these effects. I have purposely restricted my analysis to these two elements of the biodiesel chain.
The biodiesel chain seems to be a great method for improving the economic and social position of participant farmers in many ways. Presently, the profitability of raw materials’ production looks to be the crucal point in the chain, and could be strengthened best with intensive, habitat-specific agrotechnic. It would only be possible to reach a favourable profit margin for farmers if yields reach unrealistic averages or if there is a significant hike of the 2000 producer’s price in the oil plant branch.
The main attraction of sunflower- and oilseed rape production lies in the stabilization of market conditions, which is not only gong to appear in oil plant branch but – thanks to the reduction of outputs – also in the cereal branches. Better economic safety for farmers may play a role at least on the same level as in plant production, which involves more risks than profit maximalization.
The reduction of the prime cost of biodiesel could be possible through the direct combustion of the whole oilseed plant or its residues or electricity production using them. Whereas energy demand for biodiesel production is low (appr. 5%) but it needs subsidization and the prices of natural gas and electrical energy presently look favourable in Hungary. Additionally harvesting and baling of the residues is technically problematic, which is why their use may seem to be reasonable just over the middle or long term. Another possible factor of cost reduction could be the centralization of some partial operations, which needs serious financial resources to reduce amortization cost per product, provided there be several biodiesel projects near each other during establishment. Creation and operation of a logistical system could also be a good method for improving the viability of the biodiesel chain, in order to optimize transport schedule and distances. However there are also some organizational difficulties in this case. -
Impact of precision irrigation on the unit income of maize production
157-162Views:245The study of the economic/economic impact of precision farming should be a priority area in digital agriculture, as the results, profitability, and efficiency indicators can have a significant decision-support effect on the development of both the agronomic and the technical regions of individual farms both in the longer and shorter term. Individual firms, companies, farmers, and family farms quantify the effectiveness of their farming processes. The modern age offers the possibility of digitally recording all the elements of farming technology, making it possible to analyse the cost-effectiveness of a farm more effectively and, in some cases, to carry out more detailed analyses. Nevertheless, the number of farms demonstrating their profitability with such precise economic calculations is still minimal.
Our analyses were conducted on a 56,02 ha field of Balogh Farm-Tépe Ltd. The agricultural operations carried out were fully documented so that the inputs (seeds, fertilisers, pesticides, crop enhancers) were recorded in coordinates and kind, as well as the specific yields, grain moisture data, irrigation norms, and irrigation rotations. At the same time, the company's owner provided the data's monetary value. The main econometric indicators (yield, production value, cost of production, income, cost price) related to the evaluation of the enterprise management were evaluated along with the spatial data in the irrigated and non-irrigated tables. Our calculations show that a given year's climatic and market characteristics fundamentally determine the cost and income relations of a plot of land (and thus of an entire farm). In addition to additional inputs, introducing some elements of precision farming and intensification and increasing yields improves yield security and allows for excellent yield stability.
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Connections between settlement structure, land use and the process of gypsy segregation in Hajdúböszörmény
41-50Views:162The main aim of this study is to explore the connections between the unique settlement structure circumstances of Hajdúböszörmény and the social problams related to the gypsy minority. After the change of regime, the gypsy population increased especially quickly in some parts of the city, which is in connection with the settlement network position and the internal division of the settlement. The significant segregation of the gypsy
minority appeared as a new phenomenon in the city, whose reason was the increasing migration of gypsies from Northeastern Hungary and the relatively low price of the abandoned real estates located in the outskirts and external settlement parts of the city. Even the gypsy population living in the city for a long time separates itself from the immigrant groups that live in run down houses and practicle have no connection with the job market of the city. It is the typical rural segregation process known only in small village regions (e.g. Southern Baranya, Cserehát) that now goes
on in the outskirts of Hajdúböszörmény. -
Global and national economic importance of pig meat production
13-20Views:551The pork production has changed significant in recent decades. Pig production fell significantly due to the need to adapt to new animal welfare rules in the sector. Furthermore, change in the meat consumption habit had also a negative effect on pig meat production. Hungarian pig sector and meat industry are in a difficult situation. Due to the high feed prices, the average production cost of pig farming has often exceeded the producer prices in recent years, therefore an increase of pig population could not be realised yet. Pig market is characterised by cyclical fluctuations of supply and prices, furthermore the decreasing producer price occurred parallel with increasing feed prices.
Technology is also a critical fact in the Hungarian pig sector because there is a huge gap in the level of technology compared to that of competitive member states. With the development of production methods the efficiency of pork meat production can be improved in an environmentally friendly way. -
Influence of collective wine marketing on hungarian wine sector
37-41Views:159Nowadays, the importance of marketing is increasingly obvious. The number of those who apply those possibilities and methods provided by the marketing with which more efficient operation and higher amount of profit can be obtained is increasing. Special marketing fields have appeared that make the marketing characteristics of the single trades, product groups and industrial branches are widely known and utilized. During the more than 10 years following the changes of regime, the Hungarian wine market underwent a huge change. It is obvious, that this process has not stopped, and further market rearrangements may be claimed. The product and price policies have changed. Out of the marketing mix elements, mostly the marketing communication has changed, and the costumer has come to the centre. This marketing approach resulted in the formation of the newly established Hungarian Wine Marketing Public Benefit Company. The common marketing activity of the organization should have positive impacts on the industrial branch, although its efficient operation still has hindrances
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Stability and development of Transdanubian agricultural enterprises
77-82Views:209Personal fulfilment, financial security, flexibility, relationships, information, rules - these are all hallmarks of entrepreneurship. Furthermore, one more important factor should be added to the list, which enables satisfaction resulting from reliable income and self-fulfillment: this is openness. An open mind to changes, to novelties, and to the workforce is necessary. The central question of the present research is how to effectively develop Hungarian small and medium-sized agricultural enterprises, especially in the Transdanubian region, by utilizing these factors. In addition to production, institutional and price risks, agricultural enterprises, like other sectors, are also affected by massive labour shortages and resource-intensive development objectives. In the research, primary agricultural producers, micro, small and medium-sized enterprises were surveyed through questionnaire in the second and third quarters of 2019. Using the snowball method, both the development opportunities and the risks were mapped in this sector, mostly among growers. The research results show that there is a correlation between satisfaction and development and favorable workplace relationships. These correlations were presented by demonstrating the relationship between technological development, income satisfaction, stable job creation, and the need to try new developments. However, there seems to be an invisible boundary to development in the examined field, which may stem from uncertainty, and yet, it is important to maintain development and learning activity so that the right knowledge and know-how is available to the business when needed. Since the results show that there is a lack of openness to new technologies among the farmers in the studied region, and this may pose a problem in the future in terms of meeting the expectations of precision farming, it is recommended to focus on innovation in the agricultural sector in Hungary.
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Managing risk using real options in company’s valuation
125-132Views:270The valuation of company is very important because provides information about the current value/situation of company, and through this, provide the opportunity of choosing the best company’s growth alternatives. The future strategic decisions are characterized by lack of knowledge, information, so all measures of company’s growth are closely linked with uncertainty and risk. The company’s valuation process is also related with uncertainty and risk. The risk may result both from the assessed assets and the technique used. In literature, we could find three approaches for risk management: capital budgeting based method, methods based on portfolio analysis and real options approach of risk management. Among them, the real options based methods is the most revolutionary approach for risk management. The advantages of the method, consists in the fact, that the process of establishing strategic decisions integrates the possibility of reversibility, delay and rejections, which isn’t it possible at two previous methods. The method also takes into account the total risk of company, so both the company-specific and systematic risk. In this study, I have used one of the best-known real option based method, the Black-Scholes model, for determining the option’s value. Determination of option value is based on the data of enterprise, which was tested Monte Carlo simulation. One of the basic assumptions of the Black-Scholes model is that the value of option is influenced by several factors. The sensitivity of option’s value could be carried out with so-called “Greeks”.. In the study the sensitivity analysis, was carried out with indicators Delta (Δ), Gamma (Γ) and Vega (ν). The real options based risk management determinations were performed in the R-statistics software system, and the used modules are 'fPortofio' and 'mc2d'. By using of real options method, I have calculated the average value of company capital equal with 38.79 million. By using simulation was carried out 1000 runs. The results of this show a relatively low standard deviation, small interquartile range and normal distribution. In the calculation of indicator Delta, could be concluded the value of company moves in 0.831 proportion to the price of options, the standard deviations of index is low, so the real option based method could be used with success in company’s value estimation. The Gamma index shows the enterprise value is sensitive just for large changes. The result of Vega reflects the value of option, so the company’s value volatility, which is small in this case, but this means a volatility of value. In summary, we can conclude that the call options pricing model, well suited for the determination of company’s value.
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Complex problem analysis of the Hungarian milk product chain
43-47Views:182Hungarian dairy sector went through significant changes in past two decades. The most significant changes were caused by our accession to the European Union. In Hungary milk production remarkably declined after EU accession. The size of our dairy herd has been practically reducing since the political transformation, but increasing yields per cow could compensate it in some way and for some time. However, in recent years, increasing yield per cow came to a stop and in parallel, the number of cows declined further and faster. Low prices, high production costs and tightening quality requirements ousted several producers from the market in past years. Feeding cost represents the highest rate in cost structure of production, but animal health expenditures and various losses are also significant. There are undeniably competitive disadvantages in the level of organisation and labour productivity; however competitiveness already depends on cost effectiveness in the medium run. In Hungary concentration of the dairies is relatively strong in spite of the relative high number of corporations. The dairies compete with each other and with the export market for the raw material and the better exploitation of their capacities. Applied technology of the Hungarian dairies lags behind the Western-European competitors’; in addition they have handicaps in efficiency and product innovation. Presence of chain of stores being dominant in sale of milk products does also not favour in all respects to the position of the dairies. The aforementioned retail chains are namely consumer-centric, engage in price follower conduct and weaken the position of the dairies with their private label products. As a result of increasing import of milk and milk products Hungary became a net importer in recent years. Today, disposable income still essentially determines the consumption habits of price-sensitive consumers. Loyalty for Hungarian products is not typical, consumers are open for import products being preferred by retail chains. In addition Hungarian milk and milk product consumption is about half of the Union average and it is far behind the level being necessary for healthy eating. In Hungary lack of competitiveness and vertical integration relationships and backwardness are revealing among the dairy farmers and the dairies, while chain of stores are in unprecedented “monopolistic situation”; the whole sector can be characterised by defencelessness.
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Use of Forecasting Methods in Price Analyses
240-247Views:144The cost of products changes not only seasonally in relation to time, but also follows a hectic motion. It is necessary for the farmers to calculate in advance the size of the future income, which is one of the basic conditions of the economical production. Many authors have examined the change of the prices but since the tendency of the change of the prices can be only rarely observed purely by itself, therefore it is difficult to separate it. During my research I examined how the monthly prices of corn and the monthly buying prices of pigs for slaughter have changed since 1991 and how much their future value will be. I examined how much is the α factor wich gives the minimal residual variation in case of the Brownian dual exponential smoothing and the corrected dual exponential smoothing and how will the future (2002) prices, which were in this way calculated, change compared to their real market prices.
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Economic questions of maize production on different soil types
289-292Views:228The requirements and objective of cultivation are in constant change. For example, different cultivation systems are developed for the purpose of soil protection, the preservation of its moisture content and on soils with various precipitation supply or production site conditions. Traditionally, one of the most important cultivation aims is crop needs. Further cost saving in fertilisation and crop protection can only be achieved by reducing the quality and quantity of production or it cannot be achieved at all. Furthermore, the costs can be significantly reduced by means of the rationalisation of cultivation. Energy and working time demand can also be notably reduced if ploughing is left out from the conventional tillage method. The key requirement of economicalness is to perform the cultivation at the optimal date, moisture level and the lowest possible cost.
Within production costs, the cost of cultivation is between 3–17%, while they are between 8–36% within machinery costs. It is the vital condition the usability of each technological method to progressively reduce costs. Our evaluation work was carried out with the consideration of the yield data obtained from cooperating farms and the experiment database of the Institute for Land Utilisation, Regional Development and Technology of the Centre for Agricultural and Applied Economic Sciences of the University of Debrecen. Three technological methods (ploughing, heavy cultivator and loosening tillage) were used on several soil types which differ from in terms of cultivability (chernozem, sandy and sandy clay soils) from the economic/economical aspect. We examined the sectoral cost/income relation of maize production as an indicator plant. The maize price during the analytical period was 45 thousand HUF per t. On chernozem soils, the production of maize can be carried out on high income level, while maize production on sandy soils has a huge risk factor. The role of cultivation is the highest on high plasicity soils, since they have a huge energy
demand and the there is a short amount of time available for each procedure in most cases. -
Deproteinized plant juice as part of circular economy: A short review and brief experimental data
23-26Views:1822As the population of the Earth is constantly growing it generates an unmet demand for protein, which is an urgent problem. The protein extraction process is a potential solution, which offers high-quality plant protein suitable for animal and human nutrition at a favorable price. The process used within our project produces green juice from the green alfalfa biomass through pressing. After the coagulation of protein from this green juice, the by-product is called DPJ (Deproteinized Plant Juices) or brown juice. Our preliminary results match the international literature, namely that brown juice take up as much as 50% of the fresh biomass in weight. To utilize this by-product is a crucial part of the process to make it environmental-friendly and financially viable as well. The examined brown juice samples came from a small-scale experiment of alfalfa varieties carried out in the experimental farm at the University of Debrecen. According to our preliminary results, brown juice has high macro- and micronutrient values, furthermore, it has a potentially high amount of antioxidant compounds. The study highlights that brown juice is suitable as an ingredient in microbiological media, in plant nutrition as a supplementary solution, for feedstock and for preparing human food supplements or functional foods. The potential utilization of all biorefinery products makes it a very appropriate technology for today’s challenges.
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The role of mediation resources in the operation and development of knowledgeintensive small and medium enterprises
109-113Views:202Address social and economic processes of social capital system between universities and the business sector – because of their special and similar characteristics – major emphasis will be displayed. Knowledge-intensive companies would be hard to imagine functioning without established links with tertiary education institutions and universities can now functions would be unthinkable without displaying the corporate sector sectoral specificities of knowledge and strategies of the university.
Because of the development of knowledge-intensive business activities based on innovation-oriented economic development which are specific to innovative SMEs, funding sources and opportunities. In a typical operating environment of innovation, with sectoral, spatial and temporal factors are constantly changing. These factors are decisive elements in the innovation opportunities, and through this indirectly the success of these enterprises. The resources involved in mediating the markets perceive a high risk to price this innovation activities and their funding. Under the study to try to answer that by optimizing the functions of universities, how and in what form they may have a role in mitigating financial risks.
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Agronomic bases of precision barley production
217-220Views:196To ascertain the importance of individual preciosion factors in achieving yield and quality of malting barley, we established a multifactor
experiment at the research station of the Slovak University of Agriculture in Nitra in 2009 and 2010. Four variants of fertilization, 2 ways of soil cultivation and four varieties 'Bojos’, 'Kangoo’, 'Marthe’ and 'Xanadu’ were observed. From the quality indicators the nitrogen content (%) was observed. The results were statistically analyzed by using a multifactor analysis of variance by using Statistica 8, the program Statgraphics. The difference between years was statistically significant (1.87 t ha-1) in favour of 2010. The difference was also significant between the varieties 'Bojos’ and ’Kangoo’(1.07 t ha-1), respectively. 'Martha’ and 'Xanadu’ as well as 'Kangoo’ (0.56 resp. 0.33 t ha-1). Conventional soil cultivation in
comparison with a minimalization technology, demonstrated a tatistically insignificant increase of yield. Significant differences were obtained between the variants of fertilization. Treatment by using Condit (b-var.) showed a very positive impact in climatic favorable year (2010) with a yield result of 7.42 t ha-1. In comparison with an untreated control, the difference in yield was 0.89 t ha-1. A significant increase of yield was achieved by using the combination of solid fertilizer with foliar fertilizer (LAV + Hakofyt, var.c) 0.47 t ha-1. The crude protein content was statistically influenced by a variety and year. In 2009, the crude protein content was above average (12.38%). Significantly lower attributes were achieved in 2010 (9.90%). From the studied/observed varieties the lowest crude protein content was showed by a variety 'Kangoo’ (1.68%). -
Strategic Steps in the Sheep and Goat Branches
61-68Views:422The balance of the sheep and goat branches can be summarised as follows:
If the increase in stock size, specific yields, genetic improvement and modernisation are not realised, several thousand shepherds will lose their jobs and possibilities to work, and their families will lose their only source of livelihood.
Several hundred hectares of grassland will become weedy and the costs of crop protection will increase in these regions. Pollen pollution, the number of allergic ailments and medical costs will increase, mentioning only the main disadvantages. Its financial requirement is nearly equal to the one required for development without any essential compensation or production.
In order to develop a competitive branch, a subsidisation of 10-20 billion HUF is needed until the accession of Hungary to the EU, depending on the scale and progressivity of development. The subsidisation and realisation of the strategic steps would result in:
– the establishment of a registered livestock with 1.5 million ewes, which would ensure better market position for the branch in the EU (5%),
– the establishment of a competitive and marketable branch with a production value of 15-25 billion HUF, calculated using the present price level (after accession, the branch would be self-operating and profitable, with the 6-8 billion HUF/year normative subsidisation by the EU),
– the establishment of a genetic potential which would ensure our participation in profitable international breeding animal market, which provides extra profit,
– the establishment of a sheep husbandry with better genetic potential and phenotypic performance, producing a quality of international level,
– the maintenance of the workplace of more than 10.000 people (saving 3-5 billion HUF/year of the budget),
– the maintenance of the condition of growing areas of grasslands with their advantages (crop protection and public health) whose financial effect is considerable. -
Development of precision apple production technologies in Institute of Water and Environmental Management
97-101Views:428From the precision agriculture point of view, by the rapid development of the investigated technological elements – global positioning system (GPS), remote sensing (RS), global information system (GIS) – the number of services, which were not available in the past, because of their speed, complexity or price are increasing. The high accuracy high-tech instruments provide opportunity to elaborate several fruit production technologies, which aim is creating and operating water and energy safe quality fruit production systems. To evaluate these possibilities, experience was carried out in the Study and Regional Research Farm of the University of Debrecen near Pallag with the use of a GreenSeeker 505 Hand Held™ Optical Sensor Unit, and its interface the Trimble AgGPS FmX Integrated Display board computer, and a ScanStation C10 laser scanner by Leica. The results show the absolute applicability of these equipments in precision horticulture.
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The Speading Pattern of Ambilateral, Cogged Belted Plot Fertilizer Distributors
39-41Views:132The mechanization of fertilizer distribution in the case of different types of fertilizers often poses problems. As a result, I have designed and constructed a brand new type of plot fertilizer distributor. This machine of moderate price can be controlled easily; it provides accurate distribution and versatility. The main part of this machine is an ambilateral cogged belt. I briefly present the operation and the advantages of cogged belts.
I investigated the spreading patterns at the front and the end part of the experimental plot. I demonstrate a method never seen so far in the investigation of spreading patterns. My method also shows marginal divergences and flat wedge effects in spreading patterns.