Environmental and social value of agriculture innovation

Marie Kubankova, Miroslav Hajek and Alena Votavova
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Marie Kubankova: Agricultural Research, Ltd. Troubsko, Czech Republic
Miroslav Hajek: Department of Forestry Economics and Management, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Prague, The Czech Republic
Alena Votavova: Agricultural Research, Ltd. Troubsko, Czech Republic

Agricultural Economics, 2016, vol. 62, issue 3, 101-112

Abstract: New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and environmental reporting can be constructed and implemented by providing an evaluation of a Bumblebee Nest. As a result, the total value consisting of the market, ecosystem and aesthetic value is provided. Although the market value comprises the largest proportion of the total value, it does not exceed 64%.

Keywords: New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and environmental reporting can be constructed and implemented by providing an evaluation of a Bumblebee Nest. As a result; the total value consisting of the market; ecosystem and aesthetic value is provided. Although the market value comprises the largest proportion of the total value; it does not exceed 64% (search for similar items in EconPapers)
Date: 2016
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DOI: 10.17221/58/2015-AGRICECON

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