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The Possibilities of Futures and Option Hedge in Price Risk Management for GrainProduction
72-80Views:77The greataest risk tograin production is fluctuation in market prices, which is over 50% over the course of a year; and year by year, as well. There are real market circumstances in the grain market, instead of state guaranteed fix prices, which was the norm under the former political system.
According to the general opinion of producers, losses come from their defencelessness against buyers. The real situation is that price risk can be managed by suitable market strategy, and loss production can be avoided.
Hungary has a futures market (which is organized according to the CBOT system) in the grain sector, which is an unique institute in Europe. This organisation is suitable for hedge businesses and it has convenient technical and institutional background.
There are two possibilities to make hedge business. One of them is the short hedge with futures contract when the producer sells his product for long term if an acceptable profit is included in market price. In this case seller can protect himself against low market prices.
This technique can be considered as professional for price risk management, but possibly has financial cost because of the weak financial situation of Hungarian producers this solution seems expensive for them.
There is an other possibility in the Commodity Exchange for manage price risk, that is the option technique. This solution is suitable for insure prices as well, and has an other additional advantage, namely: there is no financial costs in this case. -
E-business in Hungarian Tourism
81-86Views:87Thanks to communication tools, globalization is spreading wordwide. For this reason, it is crucial to protect and strengthen our feature. On the one hand, we are repetitive joining the uniting world of economics, on the other hand, it is our responsibility to preserve our national characteristics with conscious politics.
Responding tardy to the touristic demands of the information society without risking the loss of our competitiveness market is highly dangerous at the current situation of the touristic, as the Hungarian Economic Development Program sets down. Unless we develop a strategy that realized radical changes in the next 4-5 years, Hungary can find itself in a disadvantageous situation regarding the touristic market of the 21st century. -
Present situation and future prospects for Hungarian fruit and vegetable sector
31-38Views:72Changes in people’s lifestyles and the emergence of nutritional science have created favorable opportunities for a boom in fruit and vegetable consumption, which have been fully exploited by the adaptive fruit producer and exporter countries. Unfortunately, Hungary is not one of these countries. Affected by a number of uncertainty factors, the Hungarian fruit and vegetable sector has fallen behind international trends, seeking opportunities for survival (Erdész, 2007).
The impacts of the country’s accession to the EU have been more adverse than expected. While no administrative measures are used to control production and the increasing competition and import have put Hungarian producers to a loosing position. The cooperation producers, the well-organized work of professionals and the coordinated activity of producers marketing organizations may resolved some of the problems affecting the sector.
The fruit and vegetable sector can also anticipate significant changes during the new seven-years budget period of the CAP reform.
With the new drat reform of the sector, the European Commission intends to simplify the common organization of the fruit and vegetable market, improve competitiveness, increase market orientation, promote fruit and vegetable consumption and to continue the environmental efforts.
Hungary has had great expectations concerning the reform of market regulation, but the Commission proposal didn’t bear out the expectations, because the new proposal includes insignificant changes in important issues and fails to provide sufficient additional resources for the catching up of he new member states. -
Participation of Women in the United States Congress: 1917-2011
63-66Views:109The last decades have carried changes in the legal and social position of women bearing enfranchisement, a new approach to women’s education, and their increased participation in the job market. This article outlines the historical participation of women on the political scene of the United States between the years of 1917-2011 including an analysis of the situation in the individual states. Furthermore, it analyses what types of positions have been held by women in the American Government Administration including the most prestigious ones of the Speaker and the Secretary of State. It also introduces Hilary Rodham Clinton, the first woman ever to run in the presidential elections 2008. This analysis reveals that women are still underrepresented in the federal-level positions which makes it difficult for them to influence the quality of the lawmaking and results in a difficulty to promote such decisions that are important for the women themselves.
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Development directions of microregional spatial environments
61-64Views:129The question how economic, technological and infrastructural developments, as well as products and technologies contribute to the unity and constant strengthening of the society is still unanswered both in Europe and the whole world.
The current erosion of the society and the weakening social cohesion is a regrettable process. These phenomena are a barrier to real development processes and weaken the extension of the economic space; therefore, this negative process has to be stopped and turned into a positive direction.
For this reason, it is increasingly urgent to work out new, feasible solutions, since it has become obvious that solutions whose sole aim is to increase profit typically weaken the indispensable unity of the society, market positions, innovation processes, as well as natural and environmental harmony.
In this situation, we analysed and interpreted the disadvantaged and multiply disadvantaged microregional spatial environments, with special regard to the strategic developments that serve both the strengthening of the microsocieties of microregional spaces and the development of the economy and the extension of economic space.
The identification of disadvantaged microregional spaces is basically done by means of economic indexes, but it is also important to emphasise that these indexes can only be interpreted with social indexes, as they define the situation of the microregional space and the possible development directions together.
The constant strengthening of social unity (cohesion) and the related economic development is basically a new focal point and objective.
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Global tendencies in turkey meat production, trade and consumption
83-89Views:69Global meat production totaled 357 million metric tons in 2021. Poultry accounted for nearly 40 percent of total meat production, including 4.2 percent of turkey meat (5.8 million tons). Global turkey meat production has stagnated between 5.5 and 6.0 million tons since 2008, in contrast to the monotonous upward trend in poultry meat production. Turkey meat production generally occurs under well-integrated conditions, with some large multinational companies and smaller, regional players. The industry is exposed to a number of factors that affect supply and demand, including disease outbreaks, government regulations, consumer preferences, and economic conditions. Key factors driving market growth include population growth, urbanisation, and increasing consumer awareness of the health benefits of turkey meat over other meats. In addition, advances in processing, packaging, and distribution technology have improved turkey meat's shelf life and availability, further fueling growth. Turkey farming and production are mainly concentrated in certain regions such as North America and Europe, where industrialisation has a long history and infrastructure is well developed. Turkey meat production in these areas is sufficient to meet local demand and is often exported to other regions. However, in other regions where turkey farming is less developed, such as parts of Asia and Africa, turkey meat production is insufficient to meet local demand. This type of meat must be imported from other regions. The degree of self-sufficiency in turkey meat depends on the level of development of the sector in each region. This study investigates the factors affecting global and regional markets for turkey meat and systematised the development of global consumption, production, and trade of turkey meat.
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Effect of facility location on haulage efficiency
204-209Views:76In the 21st century, every economic sector must use the chances of evolution, technical and technological acquisitions, due to the level of competitiveness on the market. Such a sector as agriculture, where technology and the ideology of production are changing and adapting very slow to global expectations, by taking maximum advantage of opportunities, is a more central question. The greatest problems of Hungarian agriculture’s competitiveness are that this sector is very weak in capital and production costs make producers uncompetitive on the market. We can remedy this situation by using sources logically, purposefully and system approached. Logistics can provide the most useful assistance in such efforts.
In agricultural logistics, there is a great deal of uncovered territory. The aim is to transplant methods that are working correctly in other sectors into the agricultural sector, while maintaining development. One of the most important areas is transport logistics and material movement. Methods of analyzing and planning transportation and material movement found in professional literature do not take into account the specific needs of agricultural production. My aim is to examine the effect of facility location in the running of an enterprise. Through the results, I make suggestions for modifying the currently used logistic method and suggest further methods of examination. The effect of agro-specific needs must be examined in carrying out innovations and making logistical planning methods reliable. -
Novel market conditions and marketing consequences in the hungarian guided hunting sector
47-52Views:73In Hungary the operating medium of game management and the guided hunting sector is undergoing such a radical change nowadays that on the one hand it considerably influences the profit-producing ability of the sector, and on the other hand it sets the actors of the industry new challenges and opportunities. If the Hungarian hunting industry, which has a traditional past, also wishes to preserve its position in this changed business medium, it is essential that the new situation be thoroughly assessed, and the value-oriented marketing attitude be adapted. The phenomena presented in this essay discuss the consequences and causes of the appearance of new service providers regarding the supply side, and the content changes of the consumer group and the modification of earlier consumption preferences and their causes on the demand side. The changing of the two media jointly generate the adaptation of the value-oriented service - marketing concepts, by using which the areas to be developed and deemed as the narrow cross-section of consumer decisions can be determined. After specifying the target group specific marketing properties of the aove-mentioned – prestige – service, such services of high utility content can already be established successfully that can be positioned as a proper alternative for the new consumer group of higher value expectation. On the other hand, the employment and profitability indexes related to this sector may considerably be improved.
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The examination of human resources in the Hódmezővásárhely micro-region on the basis of human resource hierarchy
91-110Views:72In this paper, I deal with the examination of the situation and change of human resources through the human resource hierarchy. My research covers the Hódmezővásárhely micro-region, which includes four settlements, two towns (Hódmezővásárhely as the centre of the area and Mindszent) and two villages (Mártély and Székkutas). Based on population density the micro-region is qualified as a rural territory, which is underpinned by the micro-region’s market town and homestead like character.
I took the human resource system of Cloke and Park (1985) published in their book of Rural Resource Management as a basis of my examination and I pursued my research in consideration of Fehér’s (2005) researches related to rural economy. The system of human resources provided a hierarchical and logical framework for my examination. In the course of the research I made analyses along the three levels of human resources concerning the micro-region and its settlements.
During the examination of the human resources of the Hódmezővásárhely micro-region I pointed out some negative changes and situations which unfavourably influence the socio-economic processes of the territory and its settlements. All this reveal that the human resources are not only factors of the economy of the micro-region as a rural economy but at the same time they are areas to be developed. The living standard (welfare) of the people living in the area and their quality of life (well-being) depend on the development and level of the different dimensions of the human resources largely. For that very reason there is a need for coordinated development of the human resources and the related fields with respect to the cause-effect relations.
My research contributes to the better cognition of rural resources of the Hódmezővásárhely micro-region, without this a rational improvement and sustainable development of the micro-region and its settlements based on inner resources cannot be imagined. -
Special Investment Support Under the Agricultural Reorganisation Programme 1995-2000
64-73Views:67Since the political changes in Hungary, agricultural businesses have worked in a declining economic environment and hectic market situation, with a widening price gap between agricultural and industrial products and low profitability. A declining export comes then by no surprise. The sector has not been able to even benefit from export opportunities provided in the European Agreement. The area least benefiting from quotas is animal products (beef, mutton, lamb, slaughtered chicken, cheese, egg). The ministry of agriculture was lagging behind in responding to these problems, and it was as late as in 1995 when it launched a reorganisation programme for export stocks fund build-up (5).
The author has conducted empirical studies on agricultural enterprises in Csongrád county to see what results the special investment support delivered under the reorganisation programme produced. The fundamental aim of the reorganisation programme for export stocks fund build-up was to boost exportable Hungarian animal product stocks in a bid for businesses to better benefit from the preferential quotas set by the European Agreement. The author examined how the special investment support scheme succeeded in its aims, whether livestock grew considerably in its wake, whether farmers were able to attain exportable quality and what development funds enterprises were able to raise. -
Global and national economic importance of pig meat production
13-20Views:304The 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. -
The Poultry Industry through the Experts’ Eyes
39-42Views:77In my study reveal the situation of the poultry industry. In my research, I used the regularly adopted qualitative method, i.e. the interview. I conversed with the managers of the most important poultry factories, and asked them about the position of the Hungarian poultry sector, the possibility of improving its position, the changes in consumer behaviour, in marketing strategies, means and methods.
The managers talked about the necessity of collaborating between factories. They agreed on the dominance of commercial chains. In their opinion, these prejudice their chances. They emphasized about the increasing role of processed products and the growing number of sell-stimulated marketing means. The consumer behaviour has changed in the last 10 years too, which helps the market of processed poultry products. -
Comparative study of regional airports for summing up the competitiveness of Debrecen Airport
103-106Views:101The Debrecen International Airport in commercial means might be the eastern gate of the European Union. This statement is in question these days .In the neighbouring countries like Slovakia, and Romania the old commercial airports have came through major renovation, and technical improvement. With Romania joining to the Schengen Agreement, Debrecen is going to lose its comparative advantage. So, it is time to follow up what has remained from the five years ago still existing technical and commercial priority of Debrecen aerodrome. In this study looking through the technical background of Kosice, Arad, Cluj-Napoca, Targu-Mures, Oradea, Baia-Mare, Satu-Mare, and Debrecen international airports we have found that Satu-Mare, Arad, and Targu-Mures might be major competitors af Debrecen airport. The level of installed technology has exceeded the one in Debrecen in case of Targu-Mures, and Arad. The situation is the same in Kosice which the absolute market leader in the region.
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Relationships of the sport and the life quality in the University of Debrecen
87-96Views:155In the sport- life of the University of Debrecen there has been a demand formulated on the making of a comprehensive, long-term development plan, which obviously incorporates all
fields of sport. This document guides the way for people in the sport- life of the university how they could organise their activities connected with sport on a calculable, predictable level.
Necessarily, the preliminary collection of professional informations has been a basic requirement for the establishment of this document.
The program provides foreseeable instructions to the organisation of sport pursuits both for sport people in the university, and members of the sport spehere in a wider sense. It
offers a cohesive solution for all kinds of tasks defined with the sport life, and also gives a guidance for the various ways of realisations of these challenges. Thus it can answer such questions as for example how the university can conduce the initation of conditions for the healthy living through spare time sporting, how it can participate in the financing of contest sport with the contributing project of reinforcement training and how the university can support the sport life of handicapped people. The project also contributes to the cultivation of the sport traditions of the university by bankrolling not only the official university sport
life but also the leisure time sporting of the students.
On the basis of rethinking the situation of sport at the university with its future possibilities the program paraphrases the tasks of the university in the sport life, the long term aims of
university sport politics with its operative aims that should be performed and also the possible steps which lead to these purposes.
The target of the project is to turn the University of Debrcen in every field into a “Sporting University”. It means, that beyond the development of quality sport and outstanding contest sport a much wider range of university people should be included in sporting in order to utilize all the advantages of sport. With this the physical culture could become not only a substantial form of spending our free time, but with getting one of our natural everyday activities it can also become our lifestyle.
Sporting prominently contributes to both the university students’s and the whole society’s mental and physical wellfare, and it also helps to improve our helthstate on various fields of life:
with its special functions it is a means for establishing a healthy nation, for promoting common relationships, for nourishing the economic activity of people and also for strengthening the national values and one’s self-esteem through providing equal opportunities.
The prosperousity of contest sport at the university and the maintaining and protesing of its efficiency fortifies our selfregard, as it is able to hold appropriate sportsmen up as examples
to both present and future universtity students, and also offers exacting ways of entertainment. Besides all these the advataged purpose of the project is to find and delibaretaly include those
necessary mechanisms which are needed for the working of the sport market.