Economics and Marketing
- -; Toktam Mohtashami; Fatemeh Rastegaripour
Abstract
Among the risks that threaten banks and financial institutions, credit risk is the most important risk due to its centrality, volume of operation and especially its sensitivity. Due to the lack of proper transportation equipment and communication infrastructure and the need to manager water resources ...
Read More
Among the risks that threaten banks and financial institutions, credit risk is the most important risk due to its centrality, volume of operation and especially its sensitivity. Due to the lack of proper transportation equipment and communication infrastructure and the need to manager water resources and initial capital for advertising and packaging, a major part of Saffron producers in the northeast of the country and especially Zaveh city in Khorasan Razavi province, use banking facilities to provide floating capital. However, for reasons that cause agricultural risk, part of the facilities granted to them is not returned every year and causes the risk of non-repayment for the bank. Accordingly, the aim of this research is to measure the credit risk of facilities granted to Saffron producers in Zaveh city. Examined information is related to 16.000 real customers from three branches of Keshavarzi bank located in Zaveh city from the beginning of 2017 to the end of 2019, which has been analyzed using the Logit model. According to the results, it can be said that specialization of loans in the agricultural sector, payment to technical and trained people and non-renewal of these facilities on time, along with better follow-up and supervision can improve credit risk efficiency. Also, due to the greater impact of financial characteristics than personal characteristics in customer default, getting closer to Islamic banking in which the bank is the partner of facilities in economic activities and the individual's contribution is considered as a guarantee, may better cover credit risks while freeing the core collateral to select better customers.
Economics and Marketing
- -; Toktam Mohtashami; Alireza Karbasi; Fatemeh Rastegaripour
Abstract
Given the dynamic nature of saffron exports in the country, the analysis of export growth of this product based on the difference between export values between two specific times, does not give a proper understanding of the stability of trade relations between Iran and exporting partners. Considering ...
Read More
Given the dynamic nature of saffron exports in the country, the analysis of export growth of this product based on the difference between export values between two specific times, does not give a proper understanding of the stability of trade relations between Iran and exporting partners. Considering the importance of saffron exports, this study investigates the export relations of this product during the period 1997-2018 using the Kaplan Meyer survival function and estimating the semi-parametric Cox model. The results of Kaplan Meyer's analysis showed that only 20% of saffron export relations remained until the end of the period under review. Estimates obtained from the Cox model also showed that factors such as higher production, longer trade relations, and higher GDP of countries, decreased the risk of losing an export relationship by 0.006%, 0.33%, and 0.007%, respectively. Also, exports to Asian countries have a lower risk of loss than other countries. Given these results, boosting exports to trading partners with larger economies, and establishing marketing networks and product supply chains which ensures a more coordinated and sustainable supply of the product is important and recommended.
Economics and Marketing
Toktam Mohtashami
Abstract
Given the importance of saffron corms in improving crop yields, it is necessary to supply standard corms that meet the standards required to ensure high yields, especially in the early years of cultivation. Given that currently, there is no official market for this product (standard corm), this study ...
Read More
Given the importance of saffron corms in improving crop yields, it is necessary to supply standard corms that meet the standards required to ensure high yields, especially in the early years of cultivation. Given that currently, there is no official market for this product (standard corm), this study attempted to use the conditional valuation method to measure the maximum willingness to pay of saffron farmers for this non-marketed product, while investigate the factors affecting the selection of this type of corms. The study population consisted of 150 saffron growers in Torbat Heydariyeh and Zaveh area of Razavi Khorasan province. Using Multiple Logit Model to determine factors affecting the selection of one of the certified saffron corms (Type A, corm weighing 5-10 g and up to 60% flowering in the first year, Type B corm weighing 10-15 g and 80% flowering in the first year, Type C corms weighing 15-20 g and up to 90% flowering in the first year, Type D corms weighing more than 20 g and more than 90% flowering in the first year), it was found that increase in education, area, pre-crop treatment and having a lateral occupation significantly increases the probability of selecting corms type A. In contrast, increasing of age and onion weight decreases the likelihood of selection of these corms. Likewise, in selection of B and C corms, education, area of cultivation, lateral occupation, age and pre-cultivation treatment were found to be significant and effective. After estimating the parameters of the Multi Logit model, the expected mean value of willingness to pay (WTP) was set at 82500 Rials, which is higher than the current average price of corms available on the market indicating that saffron growers are willing to pay more for these certified corms.
Parviz Rezvani Moghaddam; Alireza Karbasi; Moein Tosan; Faezeh Gharari; Hassan Feizi; Toktam Mohtashami
Abstract
Khorasan province in Iran with a diverse climatic conditions has accommodated a wide range of plant communities particularly herbs, spices and medicinal plants. Among these Saffron (Crocus sativus L.), has been the most cultivated plant for thousands of years. These crop deliver unique interests ...
Read More
Khorasan province in Iran with a diverse climatic conditions has accommodated a wide range of plant communities particularly herbs, spices and medicinal plants. Among these Saffron (Crocus sativus L.), has been the most cultivated plant for thousands of years. These crop deliver unique interests and applications. The novel use of Saffron in recent years in cancer cure have been promenaded and stimulated more investigation on this crop. Almost 94% of the total world’s Saffron production (298 t) and 95% of the total Iran’s Saffron production (280 t) originates from Khorasan province. Saffron is unique for the area where water scarcity is the most limiting factor in crop productions for the farmer. Saffron is almost cultivated and harvested and also to some extent processed by family workers and community cooperation bases. These crop is not only the most important source of income for farmers but also historically strong socio-cultural activities have been formed within the local community. Cultivation area and its surrounding environment conditions and production volume of Saffron, has made Khorasan province a unique location in the world. The sustainable management of these traditionally cultivated and used plants not only helps to conserve nationally and globally important biodiversity but also provides critical resources to sustain livelihoods.
Other subject about saffron
Toktam Mohtashami; Alireza Karbasi; Bahareh Zandi Dareh Gharibi
Abstract
The aim of this study is to perform an economic investigation of the use of various inputs in saffron production and to measure the efficiency of its production in small and large farms of the Khorasan Razavi province. The required data was collected from 170 questionnaires completed by saffron producers ...
Read More
The aim of this study is to perform an economic investigation of the use of various inputs in saffron production and to measure the efficiency of its production in small and large farms of the Khorasan Razavi province. The required data was collected from 170 questionnaires completed by saffron producers in the Torbat-e Heydarieh and Zaveh counties in the year 2014. In order to ensure the accuracy of selected production function, the performance of Cobb Douglas, Transcendental and Translog functional forms were tested. The results suggest that Translog functional form is the most appropriate form for expression of production technology of this product. The estimated elasticities based on this production function show that large land owners perform better in the input usage. Moreover, the comparison of technical efficiency between the two groups of farms indicates that 49 percent of small farms and 18 percent of large farms work at inefficient levels of production. The large difference between the lowest and highest technical efficiency in large farms group shows that there is an option to increase technical efficiency in these fields through the use of good management practices.
Economics and Marketing
Mohammad Ghodoosi; Toktam Mohtashami; Mahnaz Motavalli Habibi; Shakiba Sheddati
Abstract
The importance of saffron in the growth of non-oil exports makes it necessary to explain proper marketing systems based on expert priorities. The aim of this study is to identify and prioritize marketing mix elements influencing the increase in export of this product. In this regard, based on McCarthy's ...
Read More
The importance of saffron in the growth of non-oil exports makes it necessary to explain proper marketing systems based on expert priorities. The aim of this study is to identify and prioritize marketing mix elements influencing the increase in export of this product. In this regard, based on McCarthy's 4P model, different criteria for export marketing of this product were determined and prioritized using Analytical Hierarchy Process and interviews with 63 experts in the export of saffron. Based on the findings, product criteria with important sub criteria such as brands, the standard sign and packaging weighting 0.485, have the highest priority in saffron marketing. Promotion criteria (weight 0.281) are the next important in determining the marketing mix. Among the indicators of this criterion, advertisements (0.408), overseas sales (0.23) and specialized exhibitions (0.138) were the determining factors in maintaining Iran`s share of this market. Finally, the criteria of price (weight 0.183) and distribution (0.068) have third and fourth priority in saffron marketing mix. Accordingly, identifying distribution channels in target markets, funding the establishment of an international distribution network for Iranian brands, supporting mechanized production process of saffron, and encouraging and requiring manufacturers to food-grade and health license are required and recommended.
