Valuation of Externalities Related to Investment Projects in Agriculture
Valuation of Externalities Related to Investment Projects in Agriculture
Author(s): Marie Pechrová
Subject(s): Agriculture, Evaluation research
Published by: Masarykova univerzita nakladatelství
Keywords: Cost Benefit Analysis; investment project; valuation of externality;
Summary/Abstract: Ministry of Agriculture of the Czech Republic provides subsidies for investment projects of agricultural holdings mainly through Rural Development Programme of the Czech Republic for years 2014-2020. As the finances are public the projects for funding should be selected knowing their social costs and benefits, and hence efficiency and feasibility. For this purpose Costs Benefit Analysis (CBA) is recommended. The projects financed from RDP had not been selected based on CBA before. There is a need to evaluate the externalities related to the projects and establish their prices which will be used when the farmer prepares application for subsidy. The aim of the article is to prepare the methodological field for the valuation of externalities.
Book: Current Trends in Public Sector Research: Proceedings of the 20th International Conference
- Page Range: 352-360
- Page Count: 9
- Publication Year: 2016
- Language: English
- Content File-PDF