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Profitability Of Family Farms Directed At Crop Production

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  • Petar, Munćan
  • Saša, Todorović
  • Mihajlo, Munćan

Abstract

The efficiency in crop production depends on, on the one hand, achieved yields and selling prices (production value) and, on the other hand, on the incurred production costs. These data suggest different economic indicators which indicate the efficiency of farm operations. Data on the basic parameters of production were collected using the method of survey, which was conducted during the five-year period (2009-2013) on the selected 40 family farms (<100 ha), divided into five groups, each consisting of 8 farms, oriented exclusively towards crop production in the region of two municipalities in the South Banat District. Production efficiency and rational usage of available resources of observed family farms were measured by calculating their profit including state incentives for agriculture and evaluating their own resources engaged in the production.

Suggested Citation

  • Petar, Munćan & Saša, Todorović & Mihajlo, Munćan, 2014. "Profitability Of Family Farms Directed At Crop Production," Economics of Agriculture, Institute of Agricultural Economics, vol. 61(3), pages 1-11, October.
    • Handle: RePEc:ags:iepeoa:186511
    DOI: 10.22004/ag.econ.186511
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    References listed on IDEAS

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    1. Stéphane Blancard & Jean-Philippe Boussemart & Walter Briec & Kristiaan Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 351-364.
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