2019Western Balkan Journal of Agricultural Economics and Rural DevelopmentOpen access

Prices of organic products in the Republic of Serbia

Mirela Tomaš Simin, Danica Glavaš-Trbić, Marica Petrović, Bojana Komaromi

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Abstract

In the paper, the authors analyse the organic system of agricultural production. Organic agriculture is a production system based on the principles of sustainable agriculture. Among other things, the need to integrate three basic aspects of sustainability - social, economic and environmental - is emphasized. In order to meet the economic viability organic production relies heavily on the so-called premium prices for these products. A survey of organic prices in the Republic of Serbia for the period 2012 to 2017 showed that premium prices in Serbia range from 50% to 300%, depending on the type of product and its seasonality. The authors conclude that this is in line with developed markets for organic products.

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What this paper is about

In the paper, the authors analyse the organic system of agricultural production. Organic agriculture is a production system based on the principles of sustainable agriculture. Among other things, the need to integrate three basic aspects of sustainability - social, economic and environmental - is emphasized. In order to meet the economic viability organic production relies heavily on the so-called premium prices for these products. A survey of organic prices in the Republic of Serbia for the period 2012 to 2017 showed that premium prices in Serbia range from 50% to 300%, depending on the type of product and its seasonality. The authors conclude that this is in line with developed markets for organic products.

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Available abstract

In the paper, the authors analyse the organic system of agricultural production. Organic agriculture is a production system based on the principles of sustainable agriculture. Among other things, the need to integrate three basic aspects of sustainability - social, economic and environmental - is emphasized. In order to meet the economic viability organic production relies heavily on the so-called premium prices for these products. A survey of organic prices in the Republic of Serbia for the period 2012 to 2017 showed that premium prices in Serbia range from 50% to 300%, depending on the type of product and its seasonality. The authors conclude that this is in line with developed markets for organic products.

Key concepts: Organic farming, Organic production, Organic product, Production (economics), Sustainability, Agriculture, Order (exchange), Product (mathematics)

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