How opportunity costs change the view on the viability of farms? Empirical evidence from the EU
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00027251%3A_____%2F21%3AN0000012" target="_blank" >RIV/00027251:_____/21:N0000012 - isvavai.cz</a>
Result on the web
<a href="https://www.agriculturejournals.cz/web/agricecon.htm?type=article&id=412_2020-AGRICECON" target="_blank" >https://www.agriculturejournals.cz/web/agricecon.htm?type=article&id=412_2020-AGRICECON</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.17221/412/2020-AGRICECON" target="_blank" >10.17221/412/2020-AGRICECON</a>
Alternative languages
Result language
angličtina
Original language name
How opportunity costs change the view on the viability of farms? Empirical evidence from the EU
Original language description
The post-2020 Common Agricultural Policy targets at supporting small and medium-sized farms. Capping and redistribution of direct payments would have a direct impact on the economic viability of farms. Calculation of economic income is a reasonable way how to calculate the economic viability of firms. However, accounting profit has been preferred for its estimation so far. The article aims to compare the income from accounting and economic point of view and reveal how much the results differ across the EU. The literature review, an empirical analysis based on Farm Accountancy Data Network (2016–2018), and a clustered heat map were applied. The results provide clear evidence of high variability of opportunity costs when calculating the economic viability in the EU, especially between countries with small intensive farms and some post-communist countries where larger farms dominate.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Agricultural Economics
ISSN
0139-570X
e-ISSN
1805-9295
Volume of the periodical
67
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
41–50
UT code for WoS article
000623039000001
EID of the result in the Scopus database
2-s2.0-85102245214