Abstract:The research presented in the paper was aimed at analyzing the economic performance of organic farms in the czech republic and at evaluating their operation in variants (i.e. including or excluding subsidies). The research was targeted solely at legal entities due to a limited data base. The performance of organic farms (individual kinds of legal entities) was compared by regions with the agricultural enterprises farming conventionally. The organic farms economic profit was as well assessed in relation to their field of activity. Based on the analysis made, the economic situation is more favourable for the organically farming enterprises. Their economic results are actively influenced by subsidies without which an absolute majority of enterprises would be operating at a loss. (When including subsidies in the yields, 84.9% farms of the sample were profitable. on the other hand, while excluding subsidies, 95.7% of the enterprises were loss-making.) Economic success of the farms is influenced -together with subsidies -by the natural and climatic conditions as well as and by their field of activities. The enterprises farming permanent grassland (solely or in combination with a different culture) prevail. A lower intensity of this farming is reflected in the more favourable economic results.

BROŽOVÁ IVANA, VANĚK JIŘÍ: Assessment of economic effi ciency of conventional and organic agricultural enterprises in a chosen region. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, LXI, No. 2, pp. 297-307 The present paper is aimed at assessing the economic effi ciency of organically farming agricultural enterprises in a chosen region of the Czech Republic. The results recorded in the organic farming sector were confronted both with conventional agriculture and FADN (Farm Accountancy Data Network) enterprises in the respective region. Economic effi ciency has been evaluated fi rstly by means of a production base (equity, assets, and liabilities). Secondly, profi t indicators (operating profi t, accounting profi t) have been employed while monitoring the share of profi table and loss-making farms. Diff erent profi tability ratios were calculated per one hectare of farmland in order to provide a thorough comparison with conventional farming. Last but not least, the research strived to assess the overall economic and fi nancial situation of agricultural enterprises by means of the following ratios: profi tability, liquidity, indebtedness, interest coverage and total assets turnover. Following the research fi ndings, several suggestions related to the database improvement and subsequent profi tability assessment in the sector were formulated.

The objective of this article is to determine the economic performance of organic farms compared with conventional farms. The analysis included a set of farms the concentration of which is in natural and climatic conditions typical for this type of farming high. The outputs may be therefore considered representative and generalised. In order to determine the performance of these farms, their production basis was first assessed by using the indicators of available assets and assets coverage resources. Consequently, their efficiency was assessed based on the profit. For the purposes of comparison, the profit was (in various forms) converted to a hectare of agricultural land. The economic results were also compared with the average level achieved in the EU. The final part of the research focused on the evaluation of the economic and financial standing of the farms using selected return, liquidity, debt, and activity related ratio indicators. The established results show that the situation of organic farms on the national level tends to be economically more favourable. This is demonstrated by the higher share of profit-making farms and more favourable values of certain ratio indicators, i.e. those concerning profitability, liquidity, and interest coverage. The comparison with the average values achieved in the EU revealed a significantly more favourable situation in the Czech Republic.

Abstract:The incorporation of Czech agrarian sector in the Common Agricultural Policy of the EU means also the application of so called "European Model of Agriculture" which reacts to a basic requirement of socially balanced and sustainable agriculture which contributes to maintenance and an improvement of the European agricultural cultural landscape. In connection with it, a new strategy of agrarian policy was set according to which the orientation of Czech agrarian sector changes in a principal way, which was focused up to now only on the production function and also its other functions become more important, above all in the environmental and social, so non-production area. One of the aspects of multifunctional agriculture is an organic agriculture, a system which fulfills visions of sustainable agriculture.Key words: multifunctional agriculture, organic agriculture, sustainable agriculture, non-production functions Abstrakt: Začlenění českého agrárního sektoru do společné zemědělské politiky EU znamená i aplikaci tzv. "Evropského modelu zemědělství", který tak reaguje na základní požadavek sociálně vyváženého a trvale udržitelného zemědělství, které přispívá k uchování a zvelebování evropské zemědělské kulturní krajiny. V souvislosti s tím byla vytyčena nová strategie koncepce agrární politiky, podle níž se mění zcela zásadním způsobem orientace českého agrárního sektoru, který byl doposud zaměřen pouze na funkci produkční, a nabývají na významu i jeho další funkce, především v oblasti environmentální a sociální, tedy mimoprodukční. Jedním z aspektů multifunkčního zemědělství je ekologické zemědělství, systém, který naplňuje vize trvale udržitelného zemědělství. V posledním desetiletí dochází k jeho velkému rozmachu na celém světě, ale i v Evropě. Ekologické zemědělství tak reaguje na stále sílící požadavky spotřebitelů na kvalitnější a bezpečnější potraviny.Klíčová slova: multifunkční zemědělství, ekologické zemědělství, trvale udržitelné zemědělství, mimoprodukční funkceThe research was realized in frame of solution of Institutional Research Intention MSM 411100013.

The present research was aimed at evaluating the economic performance of organic farm enterprises (legal entities) in the Czech Republic on the basis of their production base and financial health. The evaluation was carried out by means of specific financial indicators. The results recorded in the organic farming sector were confronted with those of the conventional agriculture. It stemmed from the analysis that conventionally farming legal entities, as opposed to the organically farming ones, tend to have higher average assets per hectare of farmland. Secondly, as for the structure of assets, fixed assets prevail substantially over current assets. Organic farms, on the contrary, have a significantly higher average value of external financial resources per hectare of farmland. In order to evaluate the financial health of organic farms, their economic results were used; firstly in absolute value (including per hectare calculation) and then within the individual ratios. The analysis showed that 84.4 % farms of the sample were profitable as long as subsidies were included in the yields. While excluding subsidies from the calculations, an overwhelming majority of enterprises (95.3 %) recorded a loss. Comparing the per hectare economic results, higher average profit rates were recorded for organic farms. Furthermore, financial health of the enterprises was analyzed by means of selected indicator ratios. Concrete results, including the respective commentaries, can be found in the present paper too.