Vertical Coordination as an Opportunity for Market Risk Management in Agricultural Holdings in Bulgaria

Tanya Georgieva ()
Additional contact information
Tanya Georgieva: University of Economics - Varna, Varna, Bulgaria

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2020, vol. 9, issue 3, 127-135

Abstract: The purpose of this article is to assess the impact of the Common Agricultural Policy on the potential of agricultural producers in Bulgaria to manage price risk through a vertical coordination strategy. A comparison was made between the established producer organizations in Bulgaria and other Member States of the European Union on the main indicators of the level of development - number of recognized organizations, organization rate and average number of members. It is concluded that the policy objective of reducing producer price volatility through vertical coordination along the supply chain has not been achieved at this stage. In order to make it possible for the market (including price) risk to be managed by farmers in Bulgaria in this way, it is necessary to seriously increase the share of farms that cooperate for the purpose of joint sale of products, as well as to increase the size of established producer organizations.

Keywords: market risk; agriculture; producer organizations; vertical coordination (search for similar items in EconPapers)
JEL-codes: Q1 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://su-varna.org/journal/IJUSV-ESS/2020.9.3/127-135.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:9:y:2020:i:3:p:127-135

DOI: 10.36997/IJUSV-ESS/2020.9.3.127

Access Statistics for this article

More articles in Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series from Union of Scientists - Varna, Economic Sciences Section Contact information at EDIRC.
Bibliographic data for series maintained by Pavel Petrov ().