Models of the realistic reporting of subsidies in the farm accounting

Sedláček, Jaroslav; Kouřilová, Jana; Pšenčík, Jiří

doi:10.17221/3/2011-agricecon

Cited by 3 publications

(2 citation statements)

References 10 publications

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“…https://doi.org/10.17221/136/2019-AGRICECON The profitability of dairy operations is also greatly influenced by the volatility of input and output prices on agricultural markets (Heikkila et al 2008), as well as by various subsidies (Zakova Kroupova 2016) intended to support agricultural production, preserve the landscape, utilise agricultural land, and promote economic growth (Sedlacek et al 2012), by feed costs (Krpalkova et al 2017), and by herd size (Mosheim and Lovell 2009;Krpalkova et al 2016;Junge 2019).…”

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Evaluation of economic indicators for Czech dairy farms

Syrůček¹,

Bartoň²,

Řehák³

et al. 2019

AGR ECON-CZECH

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Milk production is one of the most important areas of the Czech agrarian sector, as evidenced by its 50% share (at 2017 prices) in revenues from livestock production. As for any business, a certain level of profitability is a prerequisite for long-term and sustainable development of dairy farms. This study’s aim was to evaluate the economic efficiency of milk production from both Czech Fleckvieh (C) and Holstein (H) cows based on data collected each year from 48 to 70 Czech dairy farms in the period from 2012 to 2017. Total costs per feeding day and litre of milk, level of profitability, and income over feed costs were calculated. The influences of herd size and milk yield on profitability and break-even points were examined while sensitivity analysis and model calculations were utilised to predict profitability. The farms with higher average milk yields (>7 500 and >9 500 L per lactation for C and H, respectively) had higher costs per feeding day, lower costs per litre of milk, and improved profitability (p < 0.05). Average break-even points were estimated for milk price (0.31 and 0.32 EUR) and milk yield (7 257 and 9 209 L) in C and H herds, respectively.<br />

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confidence: 99%

Evaluation of economic indicators for Czech dairy farms

Syrůček¹,

Bartoň²,

Řehák³

et al. 2019

AGR ECON-CZECH

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“…In our approach, we did not separate subsidies from investment because it depends on the propensity to invest (and this on the business cycle phase) as well as the type of supporting. A separate issue, beyond the study, is the impact of supporting by instruments of the CAP on farmers' investment behaviour (Viaggi et al 2011) or for the economics of agriculture (Sedláček et al 2012).…”

Section: Methodology and Datamentioning

confidence: 99%

Is Michał Kalecki's theory of investment applicable today? The case study of agricultural holdings in the EU countries

Grzelak¹,

Kułyk²

2020

AGR ECON-CZECH

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The purpose of the article is to recognise whether Michał Kalecki‘s investment theory works in the functioning of farms in the EU countries. We use the data of farms of the EU FADN (Farm Accountancy Data Network) system. The dynamic panel (the 1st difference generalised method of moments – GMM) estimator model was employed for analysis. The assessments were related to the economic size of farms. The results have allowed the partial confirmation of the validity of Kalecki's model to explain agricultural holdings adjustment mechanisms in the investment sphere. It is about medium-large (ES4) and large farms (ES5). In smaller farms (ES1–3) this mechanism was not recorded, and also in the largest agricultural holdings (ES6) where the development mechanism is more complex. Thus the size of farms determines different changes in investments activity in analysed groups of farms. Results suggest that a demand effect of investment expenditures, in the case of the examined group of farms, predominates to supply effect. It can be attributed to the fact that agriculture through the institutional system (the CAP – Common Agricultural Policy) and the peculiarities of this sector have weakened internal competition. We should be aware that the developmental mechanisms of agricultural holdings in the investment sphere are complex, and Kalecki’s theory may somewhat better understand these mechanisms.

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The influence of subsidies on the economic performance of Czech farms in the regions

Svatoš¹,

Chovancová²

2013

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The main goal is analysis of the influence of subsidies on the economic performance of farms in individual regions since the Czech Republic joined the EU. The basis for verification of the hypotheses was data from the Farm Accountancy Data Network of the Czech Republic (FADN CR) broken down by regions. The economic performance of farms is determined here on the basis of six selected proportional indicators of financial analysis and their statistical processing using the WSA and TOPSIS methods. By both the WSA and the TOPSIS methods, in 2004–2010 the farms in the Karlovy Vary Region and in the last monitored year (2011) the farms in the Southern Moravia Region were identically evaluated as having the best economic performance. In 2004 the WSA method identified the farms with the worst economic performance as being in Vysočina, while the TOPSIS method rated the Ústí nad Labem Region as having the farms with the worst performance. In 2005–2006, both methods identically put the Pilsen Region in last place for economic performance of farms, while in 2007 the farms in Liberec Region and again in 2008 the farms in Pilsen Region were in last place. In 2009 the WSA and TOPSIS methods identically identified the farms with the worst economic performance as being in the South Bohemia Region. During 2010–2011 the two methods agreed that the farms with the worst economic performance were in Pilsen Region. Economic performance of farms in the regions Ústí nad Labem, Pardubice, Vysočina, Central Bohemia, Hradec Králové, South Moravia, Ostrava, and Olomouc, and also vertical economic performance of farms is dependent on the amount of subsidies received. On the other hand, for economic performance of farms in the Liberec, Pilsen, and Karlovy Vary regions, this dependence must be refuted. The assumption that the Common Agricultural Policy contributes towards the reducing of economic disparities between farms in the individual regions of the Czech Republic, has been confirmed only by the TOPSIS method in absolute expression. Nonetheless, by the WSA method in absolute and relative expression and by the TOPSIS method in relative expression, it must be refuted.

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Models of the realistic reporting of subsidies in the farm accounting

Cited by 3 publications

References 10 publications

Evaluation of economic indicators for Czech dairy farms

Evaluation of economic indicators for Czech dairy farms

Is Michał Kalecki's theory of investment applicable today? The case study of agricultural holdings in the EU countries

The influence of subsidies on the economic performance of Czech farms in the regions

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