JOURNAL

Economics of Agriculture

Established 1954.

PUBLISHERS

The Balkan Scientific Association of Agrarian Economists, Belgrade, Serbia

Institute of Agricultural Economics, Belgrade, Serbia

Academy of Economic Studies, Bucharest, Romania

EDITOR IN CHIEF

Drago Cvijanović, Univesity of Kragujevac, Faculty of Hotel Management and Tourism, Vrnjci Spa, Serbia

INTERNATIONAL EDITORIAL BOARD

Prof. Radovan Pejanovic, Ph.D., Faculty of Agriculture, Novi Sad, Serbia,

Prof. Zorica Vasiljevic, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Vladimir I. Trukhachev, Ph.D., Stavropol State Agrarian University, Stavropol, Russian Federation,

Prof. Аlan Randall, Ph.D., Faculty of Agriculture, Food and Natural Resources, University of Sydney, Sydney, Australia,

Prof. Vincent Dolle, Ph.D., Mediterranean Agronomic Institute Montpellier (IAMM-CIHEAM), Montpellier, France,

Prof. Andras Nabradi, Ph.D., University of Debrecen, Debrecen, Hungary,

Prof. Eirik Romstad, Ph.D., Norwegian University of Life Sciences, Aas, Norway,

Prof. Wim Heijman, Ph.D., Wageningen University, Wageningen, The Netherlands,

Prof. Nicolae Istudor, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Prof. Andrzej Kowalski, Ph.D., Institute of Agricultural and Food Economics, Warsaw, Poland,

Prof. William H. Meyers, Ph.D., College of Agriculture, Food and Natural Resources, Columbia, Missouri, USA,

Prof. Thomas Glauben, Ph.D., Leibniz – IAMO Institute, Halle, Germany,

Tomas Doucha, Ph.D., Institute of Agricultural Economics and Information, Prague, Czech Republic,

Prof. Margaret Loseby, Ph.D., State University of Tuscia, Viterbo, Italy,

Prof. Aleksandar Ostojic, Ph.D., Faculty of Agriculture Banja Luka, Republika Srpska, Bosnia and Herzegovina,

Prof. Toma Dinu, Ph.D., University of Agricultural Sciences and Veterinary Medicine, Bucharest, Romania,

Prof. Natalia Nikolaevna Balashova, Ph.D., Faculty of Economy, Volgograd State Agricultural Academy,

Volgograd, Russian Federation,

Prof. Masahiko Gemma, Ph.D., Waseda University, Tokyo, Japan.

EXECUTIVE EDITORS

Prof. Dragic Zivkovic, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Branislav Vlahovic, Ph.D., Faculty of Agriculture, Novi Sad, Serbia,

Prof. Dorel Dusmanescu, Ph.D., Petroleum Gas University, Faculty of Economy, Ploiesti, Romania,

 

ASSOCIATE EDITORS

 

Prof. Zoran Rajic, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Zoran Njegovan, Ph.D., Faculty of Agriculture, Novi Sad, Serbia,

Prof. Jonel Subic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Jean Vasile Andrei, Ph.D., Petroleum Gas University, Faculty of Economy, Ploiesti, Romania,

Ferhat Cejvanovic, Ph.D., Government of Brcko District, Bosnia and Herzegovina.

 

INTERNATIONAL EDITORIAL REVIEW BOARD

 

Prof. Koviljko Lovre, Ph.D., Faculty of Economy, Subotica, Serbia,

Prof. Snezana Djekic, Ph.D., Faculty of Economy, Nis, Serbia,

Prof. Veljko Radojevic, Ph.D., Azotara Pancevo, Serbia,

Prof. Pero Petrovic, Ph.D., Institute of International Politics and Economics, Belgrade, Serbia,

Prof. Vlade Zaric, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Nedeljko Tica, Ph.D., Faculty of Agriculture, Novi Sad, Serbia,

Prof. Vesna Rodic, Ph.D., Faculty of Agriculture, Novi Sad, Serbia,

Vesna Popovic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Prof. Milan R. Milanovic, Megatrend University, Belgrade, Serbia,

Prof. Ivan Milojevic, Ph.D., Military Academy, University of Defence, Belgrade, Serbia,

Prof. Nikolai I Kuznetsov, Ph.D., Saratov State Agrarian University – N.I. Vavilov, Saratov, Russian Federation,

Prof. Kenneth Thomson, Ph.D., University of Aberdeen, Aberdeen, Scotland, UK,

Dan Marius Voicilas, Ph.D., Romanian Academy of Science, Institute of Agricultural Economics, Bucharest, Romania,

Prof. Claudiu Cicea, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Prof. Adrian Turek Rahoveanu, Ph.D., University of Agricultural Sciences and Veterinary Medicine of Bucharest, Romania,

Marek Wigier, Ph.D., Institute of Agricultural and Food Economics, Warsaw, Poland,

Prof. Mile Pesevski, Ph.D., University “Ss Cyril and Methodius”, Faculty of Agricultural Sciences and Food, Institute of Agroeconomics, Skopje, Republic of Macedonia,

Prof. Blagica Sekovska, Ph.D., Faculty of Veterinary Medicine, Skopje, Republic of Macedonia,

Prof. Aleksandra Despotovic, Ph.D., Biotechnical Faculty, Podgorica, Montenegro,

Prof. Marko Ivankovic, Ph.D., Federal Agro-Mediterranean Institute, Mostar, Bosnia and Herzegovina,

Prof. Bahrija Umihanic, Ph.D., Faculty of Economy, Tuzla, Bosnia and Herzegovina,

Prof. Alexandru Stratan, Ph.D., Institute of Economy, Finance and Statistics, Chisinau, Moldova,

Prof. Mihael Toman, Ph.D., Biotechnical faculty, University of Ljubljana, Domzale, Slovenia,

Klaus Wagner, Ph.D., Federal Institute of Agricultural Economics, Vienna, Austria,

Prof. Andrea Segre, Ph.D., Faculty of Agriculture, Bologna, Italy,

Prof. Raluca Ion, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Zbigniew Florianczyk, Ph.D., Institute of Agricultural and Food Economics, Warsaw, Poland,

Crina Turtoi, Ph.D., Romanian Academy of Science, Institute of Agricultural Economics, Bucharest, Romania,

Vasily Erokhin, Ph.D., Stavropol State Agrarian University, Stavropol, Russian Federation,

Prof. Ivo Grgic, Ph.D., Faculty of Economy, Zagreb, Croatia,

Prof. Stane Kavcic, Ph.D., University of Ljubljana, Biotechnical Faculty, Ljubljana, Slovenia,

Prof. Anatoli Saiganov Semenovich, Ph.D., Institute of System Research in the Agro-industrial Complex of National Academy of Sciences of Belarus, Minsk, Republic of Belarus,

Prof. Natalia Sergeevna Morozyuk, Ph.D., Odessa State Agrarian University, Odessa, Ukraine,

Goran Maksimovic, Ph.D., Faculty of Agriculture Lesak, Serbia,

Bahrija Kacar, Ph.D., Government Office for the Sustainable Development of Underdeveloped Areas of the Republic of Serbia, Novi Pazar, Serbia,

Prof. Kadrija Hodzic, PhD, Faculty of Economics, University of Tuzla, Tuzla, Bosnia and Herzegovina,

Rumen Popov, Ph.D., Institute of Agricultural Economics, Sofia, Bulgaria,

Prof. Carlos Saborio Viquez, Ph.D., University of Costa Rica, San Hose, Costa Rica,

Prof. Miguel Moreno Millan, Ph.D., University of Cordoba, Cordoba, Spain,

Prof. Ion Iarca, Ph.D., Petroleum and Gas University, Economic Sciences Faculty, Ploiesti, Romania,

Prof. Done Ioan, Ph.D., Petroleum and Gas University, Economic Sciences Faculty, Ploiesti, Romania,

Prof. Riza Avcioglu, Ph.D., Aegean University, Faculty of Agriculture, Izmir, Turkey,

Prof. Diran Akinleye, Ph.D., University of Lagos, Akoka, Nigeria,

Prof. Zorica Sredojevic, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Nataljia Bogdanov, Ph.D., Faculty of Agriculture, Belgrade, Serbia,

Prof. Elena Stoian, Ph.D., University of Agricultural Sciences and Veterinary Medicine,

Bucharest, Romania,

Prof. Victor Manole, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Prof. Gabriel Popescu, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Prof. Dan Boboc, Ph.D., Academy of Economic Studies, Bucharest, Romania,

Prof. Aurelia Felicia Stancioiu, Ph.D., Academy of Economic Sciences, Bucharest, Romania,

Prof. Constantinos Alexiou, Ph.D., Polytechnic School, Aristotle University, Thessaloniki, Greece,

Prof. Nicholas Apergis, Ph.D., University of Piraeus, Piraeus, Greece,

Prof. Zaklina Stojanovic, Ph.D., Faculty of Economics, Belgrade, Serbia,

Prof. Snezana Stetic, Ph.D., The College of Tourism, Belgrade, Serbia,

Prof. Dusko Jovanovic, Ph.D., Business Economics Academy, Cacak, Serbia,

Prof. Sait Engindeniz, Ph.D., Ege University, Faculty of Agriculture, Department of Agricultural

Economics, Izmir, Turkey,

Prof. Tetyana Mostenska, Ph.D., National University of Food Technologies, Kyiv, Ukraine,

Corina Ene, Ph.D., Petroleum and Gas University, Economic Sciences Faculty, Ploiesti, Romania,

Anna Ivolga, Ph.D., Stavropol State Agrarian University, Stavropol, Russian Federation,

Prof. Andreja Borec, Ph.D., University of Maribor, Faculty of Agriculture and Life Sciences, Hoce, Slovenia,

Prof. Mihai Mieila, Ph.D., Faculty of Economic Sciences, Valahia University, Targoviste, Romania,

Prof. Donatella Privitera, Ph.D., Department of Educational Sciences, University of Catania, Catania, Italy,

Prof. Marco Platania, Ph.D., Department of Formational Sciences, University of Catania, Catania, Italy,

Adrian Stancu, Ph.D., Petroleum and Gas University, Economic Sciences Faculty, Ploiesti, Romania,

Prof. Natalya Bannikova Vladimirovna, Ph.D., Stavropol State Agrarian University, Russian Federation,

Prof. Darina Zaimova, Ph.D., Trakia University, Stara Zagora, Bulgaria,

Prof. Matteo Vittuari, Ph.D., Faculty of Agriculture, Bologna, Italy,

Prof. Zoran Grgic, Ph.D., Faculty of Agriculture, Zagreb, Croatia,

Vesna Milicic, Ph.D., University of Ljubljana, Biotechnical Faculty, Ljubljana, Slovenia,

Alexandr Trukhachev, Ph.D., Stavropol State Agrarian University, Russian Federation,

Prof. Dimitre Nikolov, Ph.D., Institute of Agricultural Economics, Sofia, Bulgaria,

Prof. Christina Yancheva, Ph.D., Agricultural University, Plovdiv, Bulgaria,

Dario Simicevic, Ph.D., College of Tourism, Belgrade, Serbia,

Prof. Vladislav Zekic, Ph.D., Facultu of Agriculture, Novi Sad, Serbia,

Aleksandar Rodic, Ph.D., Institute Mihailo Pupin, Belgrade, Serbia,

Prof. Sanjin Ivanovic, Ph.D., Facultu of Agriculture, Belgrade, Serbia,

Prof. Milan Pocuca, Ph.D., Business Academy, Faculty of Law, Novi Sad, Serbia,

Prof. Dragana Gnjatovic, Ph.D. Faculty of Hotel Management and Tourism, Vrnjci Spa, Serbia,

István Kapronczai, Ph.D. Research Institute of Agricultural Economics, Budapest, Hungary,

Branko Mihailovic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Vesna Parausic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Vlado Kovacevic, Ph.D., Ministry of Agriculture, Belgrade, Serbia,

Natasa Kljajic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Vladimir Zakic, Ph.D.,Faculty of Agriculture, Belgrade, Serbia,

Boris Kuzman, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Prof. Jovan Zubovic, Ph.D., Institute of Economic Sciences, Belgrade, Serbia,

Zoran Simonovic, Ph.D., Institute of Agricultural Economics, Belgrade, Serbia,

Prof. Zeljko Vojinovic, Ph.D., Independent university, Economic faculty, Banja Luka, Republika Srpska, Bosnia and Herzegovina,