ORGANIC FOOD PRODUCTION AS POTENTIAL INCOME RESOURCE

Toma Krmpotic, Marija Vukosav, Jelena Boskovic, Jeremija Simic and Savi Ivancevic

Economics of Agriculture, 2006, vol. 53, issue 2

Abstract: This paper researches and demonstrates the profitability of organic food production. The paper examines the following factors of consumer behavior in countries with different levels of development: - the extent of information given the consumer regarding the impact of food on the human - body, - the standards of living, and current consumer tastes, and - habits. The authors are suggesting possibilities for increasing capital for production of organic food by macro and micro redistribution of expanded reproduction costs. In conclusion, this paper will demonstrate the profitability of organic food production. Until the present time, due to a lack of scientific research, the profitable production of organic food has not been developed. However, the latest medical research will alter this situation. The realization of this change will initially begin in developed countries.

Keywords: Agricultural Finance; Food Consumption/Nutrition/Food Safety; Production Economics (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iepeoa:245776

DOI: 10.22004/ag.econ.245776

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