Abstract:The profit/loss of agricultural holdings in the LFA is decreased due to worse conditions of climate and production. This disadvantage should be compensated by the "compensatory payments" in the LFA that should support the continuous using of agricultural land and preserving the rural region. The prepared delimitation of the LFA should be created according to the analyses of the possible impacts and the proper evaluation of the current state as its impacts will significantly influence the competitiveness of agricultural holdings. This paper summarises the results of the economic indicators analysis of agricultural holdings in the czech republic in the LFA and out of the LFA and the influence of subsidies on the profit/loss.

Abstract:The price of agricultural land and its value are of importance when forming the production potential of agricultural enterprises. The price of land marked an irregular development in the period 2006-2007 having increased in the majority of the EU states. The proportion of rent to the market price of land referred to as the capitalization rate kept varying within the range of 2-3%. The price of a site should, besides the land rent, also reflect the interest on the land rent received. The price of agricultural land with respect to the land rent manifests relatively important price inertia. This inertia in connection with a high growth rate of land rent results in the unrealistically high interest rate. Such situation is an evident advantage for land owners and is, on the contrary, a disadvantage for the tenants of the agricultural land. To make the interest rate realistic means especially stabilizing the land rent with low growth rates. These growth rates are different for different states. In general it can be maintained that the relative increase in land rent should not surpass 4%, exceptionally 6%.Key words: price of land, land rent, capitalization rate, payback period Abstrakt: Cena zemědělské půdy a její hodnota hrají důležitou úlohu při formování produkčního potenciálu zemědělských podniků. Cena půdy se v období 2000-2007 vyvíjela nerovnoměrně, u převážné většiny států EU se zvyšovala. Poměr pachtovného k tržní ceně půdy označovaný jako míra kapitalizace se pohyboval v rozmezí 2-3 %. Cena pozemku vedle výše pachtovného za určitý počet let by měla také odrážet zúročení přijatého pachtovného. Cena zemědělské půdy vzhledem k pachtovnému se vyznačuje poměrně významnou cenovou remanencí. Výsledkem této remanence při vysokém tempu růstu pachtovného je nereálně vysoká míra zúročení. Tato situace znamená jednoznačně výhodu pro vlastníky pozemků a naopak nevýhodu pro nájemce zemědělské půdy. Zreálnění úrokových sazeb spočívá především ve stabilizaci pachtovného s tempem růstu, které by nemělo přesáhnout 4 %, maximálně 6 %.Klíčová slova: cena půdy, pachtovné, míra kapitalizace, doba návratnosti Supported by the Ministry of Agriculture of the

The Common Agricultural Policy has been implemented in order to guarantee the appropriate life quality for farmers and to preserve the European heritage. Costs of its realization amounted to 40% of the EU budget. The EU has not established the same conditions for all member states. The aim of the paper is to assess the influence of agricultural subsidies and the structure of production on the incomes of agricultural holdings and their comparison with the largest producers in the EU with similar production structure. The shift-share analysis is used. Different amount of subsidies according to the type of farming together with increasing subsidy rate may influence the type of farming. Therefore, it may cause a paradox that the structure of subsidies according to the type of farming will stimulate products that are currently suppressed. The difference in subsidies in comparison with the largest producers with a similar structure of agricultural production is significant for the Czech Republic and it is possible to compare it to the increase of the SAPS by 75%.

Using a file of economic indicators of a sample of selected agricultural enterprises, their economic results have been evaluated according to their production and climatic conditions, production orientation and the system of management since 1996. The long-term tendencies of economic results and the influencing factors shall be defined according to this analysis. The authors aim to assess the influence of external conditions on management of agricultural enterprises and how the economic result can be influenced. Next, the authors aim to analyse the influence of the accession of the Czech Republic to the EU. In 2005 the agricultural enterprises suffered a decrease in their profit compared with 2004, followed by a decrease of the profit rate. The decrease in the number of labour force and at the same time the increase of labour productivity shows a long-term tendency. Subsidies in agriculture have also been increasing in the long-term perspective. There was the first significant increase in 2004. Subsidies are one of the most important factors influencing the economics of agricultural enterprises and the dependence of their earnings on subsidies is increasing.

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