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Evaluating the Business Results of Dairy Farms in Bosnia and Herzegovina

Author

Listed:
  • Aleksandra Figurek

    (University of Banja Luka, Bosnia and Herzegovina)

  • Ernst Stadlober

    (Graz University of Technology, Austria)

  • Vojo Radić

    (University of Banja Luka, Bosnia and Herzegovina)

Abstract

The status and development of milk production are important indicators of a country's development in the agricultural sector. Milk production in Bosnia and Herzegovina (B&H) is a major source of income for a large number of farms. It is characterized by a number of specific features which, among other things, cause significant methodological characteristics in determining financial results. In order to illustrate the advantages of certain methodological solutions regarding the analysis of the factors affecting the result in milk production, 17 farms in Bosnia and Herzegovina were analysed using the Farm Accountancy Data Network (FADN) methodology. The methodological approach used in this paper provides the ability to calculate and determine the gross margin in an adequate manner. The results of milk production are an important starting point to plan and organize future production activities on these farms investigated.

Suggested Citation

  • Aleksandra Figurek & Ernst Stadlober & Vojo Radić, 2017. "Evaluating the Business Results of Dairy Farms in Bosnia and Herzegovina," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(4), pages 244-252, November.
  • Handle: RePEc:ods:journl:v:6:y:2017:i:4:p:244-252
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    References listed on IDEAS

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    8. Namatié Traoré & Réjean Landry & Nabil Amara, 1998. "On-Farm Adoption of Conservation Practices: The Role of Farm and Farmer Characteristics, Perceptions, and Health Hazards," Land Economics, University of Wisconsin Press, vol. 74(1), pages 114-127.
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