“Precision agriculture” and the new European strategic value chains framework Cover Image

“Precision agriculture” and the new European strategic value chains framework
“Precision agriculture” and the new European strategic value chains framework

Author(s): Irina Tsakova, Daniela Georgieva, Milena Mitkova, Teodora Georgieva
Subject(s): Social Sciences, Economy, Education, National Economy, Supranational / Global Economy, Business Economy / Management, Agriculture, Vocational Education, Financial Markets, Human Resources in Economy, Transport / Logistics
Published by: Международно висше бизнес училище
Keywords: value chain; precision agriculture; innovation potential; agriculture

Summary/Abstract: This report focuses on “precision agriculture” as one of the possibilities to overcome the critical factors and challenges along the supply chains for agricultural and food products or the so called “periphery capacity”. It outlines the national priorities for support and development of precision agriculture. Based on a summary overview of the European strategic and statutory documents, it presents the main aspects of the regulatory framework associated with the processes of climate neutrality, autonomy and circular nature of the European economy. It describes the main challenges of the “Twin Transition” and its impact on the agricultural sector as part of the key value chains. In the context of the European regulatory approach based on the interaction between regulatory mechanisms and self-regulation (including through the creation of codes of conduct and best practice sharing), it lists the legislative measures taken to encourage the shortening of the supply chain as one of the key European strategic priorities. In this regard, it discusses the matters related to the legal protection against unfair trade practices in the relations between economic subjects in the supply chain of agricultural and food products as well as examples of self-regulation in the sector such as the voluntary Supply Chain Initiative. The main conclusion is that the need for innovation in precision agriculture is related directly to the active participation of both farmers and the entire supply chain in the development of these technologies. The report gives the results of research of the literature on the development and potential of “precision agriculture” in China and the results of an in-depth study among representatives of the sector aiming to compare the current situation, the motivation and the barriers to the development of precision agriculture in Bulgaria as well as the interrelation of this process and the participation of Bulgarian farmers in value chains.

  • Issue Year: 2022
  • Issue No: 14
  • Page Range: 7-28
  • Page Count: 22
  • Language: English