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STELIANA RODINO

posted Jan 14, 2019, 11:46 PM by WEB MASTER   [ updated Jan 14, 2019, 11:46 PM ]
BIOECONOMY CONCEPT- CHALLENGES AND PERSPECTIVES FOR AGRICULTURE  

Abstract: This paper aims to broadly develop the concept of bioeconomy from the perspective of agricultural producers, presenting an analysis of the current challenges as well as the future trends in this field. In the coming period, the world economy is moving towards increased competition for limited natural resources or a low rate of regeneration. Globally, it has been estimated that a 70% increase in food supply is needed to meet the needs of a population of around 9 billion by 2050. As a consequence, agricultural producers are encouraged and forced to increase productivity, which may have different meanings, depending on the way of interpretation. Therefore, it is considered necessary to initially address the sustainable use of resources by defining the responsible bio-economy concept. Modern farmers are not only agricultural producers but also quality food suppliers and ecosystem managers. From a practical point of view, the concept of multifunctional agriculture has already been incorporated into business models and rural development strategies, thus enhancing the quality of life in rural areas. Moreover, the implementation of this development system has allowed farmers to maintain a fair share of the added value of production, thus contributing to the diversification of the rural economy. 
 
Keywords: Bioeconomy, multifunctional agriculture, European strategy 
 
JEL Classification: P48, Q01, Q16 

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WEB MASTER,
Jan 14, 2019, 11:46 PM
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