Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/205087
Authors: 
Rodino, Steliana
Year of Publication: 
2018
Citation: 
[Title:] Agrarian Economy and Rural Development - Realities and Perspectives for Romania. 9th Edition of the International Symposium [Publisher:] The Research Institute for Agricultural Economy and Rural Development (ICEADR) [Place:] Bucharest [Year:] 2018 [Pages:] 77-81
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.
Subjects: 
Bioeconomy
multifunctional agriculture
European strategy
JEL: 
P48
Q01
Q16
Document Type: 
Conference Paper

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