A Metrics Refinement of EU Fruit Production Economic Assessment

Abstract

The paper applies the farm accountancy data network (FADN) approach to conduct a comparison analysis of the revenue of EU fruit producers. The study constitutes a significant contribution to the requisite development of more accurate metrics and appropriate approaches, which are necessary for assessing the economic success of EU fruit production in the principal sector of EU agriculture. The metrics used to measure the economic success in fruit production include farm net value added (FNVA), farm net income (FNI), annual working unit (AWU) of FNVA, and farm family income (FFI/FWU). An agricultural farm’s overall productivity can be determined by dividing its entire output (production) by the inputs employed in its operations, such as specific expenses and intermediate consumption. The FADN approach, which tracks the increase in agricultural revenue and assesses the effects of European policies on the agricultural sector, improves monitoring and meeting of performance goals. Finding economic, technological, and other aspects that will improve agricultural farms’ businesses and, by extension, agriculture as a whole will require applying an appropriate methodological approach to portray the actual situation and results of these farms.