Financial Analysis of Agricultural Development Cooperatives: A Case of Western Mediterranean Region, Turkey

Özalp, Asaf

doi:10.30682/nm1902h

Cited by 7 publications

(7 citation statements)

References 15 publications

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“…Policies promoting collective action including cooperatives are regarded as ways to improve market access for smallholder farmers in the developing world (Francesconi and Heerink, 2011). As in many developing countries, cooperatives in the Mediterranean region are important organizations that support smallholder farmers as well as micro and small enterprises (Iliopoulos, 2005;López and Marcullo, 2006;Ozalp, 2019). To overcome constraints under severe semi-arid climates, farmers' organizations such as agricultural cooperatives and water users' associations play a major role in the production, distribution, and marketing of agricultural products.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Agricultural Cooperatives on Efficiency and Productivity: Evidence from Olive-growing Farms in West Bank of Palestine

Kashiwagi¹

2020

New Medit

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Collective action by farmers including the development of cooperatives is regarded as one of solutions to overcome low productivity. This study investigates the impact of agricultural cooperative on technical efficiency (TE) and total factor productivity (TFP) of olive farms in the West Bank of Palestine. Using cross-section data of olive-growing farms in Jenin governorate, we estimated a stochastic frontier production function with inefficiency components. TFP was also estimated by residual approach. We employed propensity score matching to reduce self-selection bias in becoming a member of the cooperative. Results suggest that cooperative membership has a positive impact on TE and TFP, as joining a cooperative raises the TE by 10.16 to 10.52 percentage points. We interpret access to credits, land and productive olive seedlings, and extension services provided by cooperatives are possible pathways that affect TE and TFP. Due to the existence of huge inefficiency and low land productivity of olive farms in Jenin, we imply participation in cooperatives is an effective strategy for them to catch up with productive farms in the Mediterranean region.

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Section: Introductionmentioning

confidence: 99%

The Impact of Agricultural Cooperatives on Efficiency and Productivity: Evidence from Olive-growing Farms in West Bank of Palestine

Kashiwagi¹

2020

New Medit

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“…The efficient management of a cooperative is limited to ensuring a high quality of the products by maintaining the optimization of the operating expenses and obtaining a high operating profit from sales [8].…”

Section: Manager-cooperative/membersmentioning

confidence: 99%

A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of the Agricultural Cooperatives from South East Region of Romania

Florea

Bercu²,

Radu

et al. 2019

Sustainability

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The need for Romanian agriculture development by efficient usage of resources and a rural environment has led to the establishment of agricultural cooperatives. Romania needs strong cooperatives and, in order to achieve this, the involvement of not only the authorities and agricultural producers, but also of each inhabitant from the rural area, is required. In the context of food market saturation with import products, it is necessary to revive the Romanian market in order to supply natural and quality products. A total of 1425 agricultural cooperatives were registered in Romania at the end of 2018, out of which 57% did not submit the Balance Sheet. The research performed within the study proposes the usage of fsQCA analysis in order to assess some conditions considered by us essential for the sustainability of the agricultural cooperatives. These conditions are represented by the initial contribution of the members, by the existence of a central collection space, by the employment of a manager, by the knowledge of the members on the development possibilities, and by the involvement of the members within the cooperative’s activity. The study highlights the fact that the absence of the conditions presented leads to the absence of a sustainable cooperative. We consider the dissolution of the cooperatives pertinent, which has not developed an activity for more than three years from their establishment and the publication on the MADR website of the National Registry of Cooperatives, which will offer a true image on the prosperity and viability of these types of entities.

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“…One of the most significant problems in agricultural development is finance (Ozalp, 2019). Pokharel et al (2019) have stated that financially nonstressed agricultural cooperatives have a higher rate of return on equity and a higher rate of return on assets, indicating their better financial health.…”

Section: Introductionmentioning

confidence: 99%

Assessing the financial health of agricultural enterprises incorporating the spatial dimension

Vavrek

Vozárová

Kotulič

et al. 2022

IFAM

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In practice, different methods are used to assess the financial health of a company, and the fact that models use the various indicators complicates the comparison of their results. The aim of this paper was to identify the financial health of agricultural enterprises operating in the Slovak Republic using three selected creditworthy models (the Altman model, Taffler model and Bonity Index). It was concluded that the differences in the evaluations of agricultural enterprises using individual creditworthy models were significant. The analysis was supplemented by the spatial distribution of the enterprises at the level of individual regions of the Slovak Republic. It was confirmed that the spatial differences in the evaluations of agricultural enterprises using individual creditworthy models were not statistically significant and were therefore random. The proposal of own assessment of regions is based on the combination of the obtained results and their spatial distribution. We assume that such comprehensive assessment over a longer period of time may be an appropriate tool for assessing the financial health of agricultural enterprises, thus contribute to the early identification of potential risks and the long-term economic sustainability. This study can be the contribution in helping to design policies or effective solve the important challenges of agricultural enterprises to the path of sustainable development of the regions and to environmental management.

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Financial Analysis of Agricultural Development Cooperatives: A Case of Western Mediterranean Region, Turkey

Cited by 7 publications

References 15 publications

The Impact of Agricultural Cooperatives on Efficiency and Productivity: Evidence from Olive-growing Farms in West Bank of Palestine

The Impact of Agricultural Cooperatives on Efficiency and Productivity: Evidence from Olive-growing Farms in West Bank of Palestine

A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of the Agricultural Cooperatives from South East Region of Romania

Assessing the financial health of agricultural enterprises incorporating the spatial dimension

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