Environnement économique et investissement agricole : effet de la gestion de l'offre
|Authors:||Matchuendem Domguia, Borelle|
|Advisor:||Royer, Annie; Doyon, Maurice|
|Abstract:||Supply management (SM) in the agricultural sector creates a relatively stabilized environment for producers since this type of market regulation sets an equilibrium between agricultural supply and demand at the National level (National Level), SM determines the price received in production based on production costs and import control. Economists identify investment as a very important factor for economic growth, productivity, and market efficiency. For a long time, the relationship between SM and investment has generated a debate among experts. However, to our knowledge,no scientific analysis has specifically emphasized this relationship in recent years. This study aims to make tangible contributions to this debate by analyzing the relationship between the sectors under SM (milk, egg, chicken), the sectors that are not under SM (pork, beef, grains, and oilseeds) and investment. To achieve this, a mixed research approach has been adopted based on the exploitation of secondary data and the collection of primary data through an online survey of management and funding advisors. The results of the study showed that producers under supply management would make higher investments and in a wide range of assets than producers who are not. They would invest in "offensive" investments such as technology, land purchase, construction of buildings, modernization of equipment, machinery, and new equipment. On the other hand, producers without supply management invest in “defensive” investments such as replacement investments and investments to comply with existing standards. Other results obtained from the survey of advisors show that factors associated with the economic environment which influences agricultural investments in descending order are income stability, price stability, investment opportunities, asset availability and profit margin. Producers under SM would therefore operate in an environment that stabilizes prices and incomes, which would generate a higher profit marginand boosts investment. It equally offers guarantees to financial institutions and increases there payment capacity of the operation. These results allow us to suggest that the economic environment (with or without SM) in whicha gricultural holdings operate influences their types of investments.|
|Document Type:||Mémoire de maîtrise|
|Open Access Date:||2 August 2021|
|Collection:||Thèses et mémoires|
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