Economic and Financial Condition of Farms in Poland and Czechia During the COVID-19 Pandemic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F24%3A43924939" target="_blank" >RIV/62156489:43310/24:43924939 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.30858/zer/181138" target="_blank" >https://doi.org/10.30858/zer/181138</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.30858/zer/181138" target="_blank" >10.30858/zer/181138</a>

Result language

angličtina

Original language name

Economic and Financial Condition of Farms in Poland and Czechia During the COVID-19 Pandemic

Original language description

The COVID-19 pandemic has affected the functioning of the entire economy. However, the strength of the impact was not uniform across sectors, with some affected more severely and others only slightly. Due to its importance, agribusiness is of particular interest. Therefore, the aim of the publication is to assess the economic and financial condition of farms in Poland and Czechia during the COVID-19 pandemic. The study covered the 2017-2021 period. The economic and financial condition was established on the basis of the following volumes and values of indicators: total output, prices of products and inputs, export and import volumes, productivity, profitability and debt ratios. The study includes data from national statistics and the FADN agricultural accounting system and concerns two EU countries, mentioned above. Chain indices were used to show trends, while the financial analysis includes selected productivity, profitability, and debt ratios. Calculations were carried out for average values of farms and divided into economic size classes. The results indicate that the agricultural sector was not particularly vulnerable to the COVID-19 pandemic crisis in terms of changes in output, which was mainly influenced by weather factors. What did change were the higher prices of agricultural raw materials and inputs (fertilizers, fuels, feed) in 2021. In Poland the growth dynamics of the prices of sold products surpassed that of inputs, in Czechia the proportions were reversed. This translated into the values of financial indicators. In general, they improved in Poland, while in Czechia 2021 turned out to be less favourable financially. Comparing different economic classes, in Poland the results for small farms were relatively good, in Czechia the larger entities fared better under the crisis conditions.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Zagadnienia Ekonomiki Rolnej

ISSN

0044-1600

e-ISSN

2392-3458

Volume of the periodical

378

Issue of the periodical within the volume

1

Country of publishing house

PL - POLAND

Number of pages

20

Pages from-to

30-49

UT code for WoS article

001208458000002

EID of the result in the Scopus database

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