The profitability and technical efficiency of young farmers supported from Rural Development Programme

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00027251%3A_____%2F15%3A%230000515" target="_blank" >RIV/00027251:_____/15:#0000515 - isvavai.cz</a>

Výsledek na webu

<a href="http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf" target="_blank" >http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The profitability and technical efficiency of young farmers supported from Rural Development Programme

Popis výsledku v původním jazyce

The aim of the paper is to assess the profitability and technical efficiency of young farmers in order to conclude whether the financial support from Rural Development Programme (RDP) under measure 1.3.1 Setting up young farmers’ businesses had desirable effect. Financial indicators (return on assets – ROA, return on equity ROE and return on sales – ROS) and technical efficiency (using Data Envelopment Analysis) are calculated. The development is observed from 2008 to 2013 to match the major part of the functioning of the RDP. The sample consists of 11 young farmers for which overall technical efficiency (CCR model), pure technical efficiency (BCC model) and scale efficiency were calculated. It cannot be clearly concluded whether the farms improved after receiving the sup-port as sometimes ROA, ROE or ROS increased after obtaining the subsidy, but sometimes otherwise. The farmers were overall efficient from 48.5% and pure technical efficiency from 76.6%. Scale efficiency was lower (65.5%) as there were more farms with decreasing than those with increasing returns to scale. The effect of subsidies on technical efficiency is ambiguous. There was no statistically significant relation found between the number of years from subsidy receiving and technical efficiency.

Název v anglickém jazyce

The profitability and technical efficiency of young farmers supported from Rural Development Programme

Popis výsledku anglicky

The aim of the paper is to assess the profitability and technical efficiency of young farmers in order to conclude whether the financial support from Rural Development Programme (RDP) under measure 1.3.1 Setting up young farmers’ businesses had desirable effect. Financial indicators (return on assets – ROA, return on equity ROE and return on sales – ROS) and technical efficiency (using Data Envelopment Analysis) are calculated. The development is observed from 2008 to 2013 to match the major part of the functioning of the RDP. The sample consists of 11 young farmers for which overall technical efficiency (CCR model), pure technical efficiency (BCC model) and scale efficiency were calculated. It cannot be clearly concluded whether the farms improved after receiving the sup-port as sometimes ROA, ROE or ROS increased after obtaining the subsidy, but sometimes otherwise. The farmers were overall efficient from 48.5% and pure technical efficiency from 76.6%. Scale efficiency was lower (65.5%) as there were more farms with decreasing than those with increasing returns to scale. The effect of subsidies on technical efficiency is ambiguous. There was no statistically significant relation found between the number of years from subsidy receiving and technical efficiency.

Druh

D - Stať ve sborníku

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics - Conference Proceedings

ISBN

978-80-261-0539-8

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

618-623

Název nakladatele

University of West Bohemia

Místo vydání

Plzeň

Místo konání akce

Cheb

Datum konání akce

9. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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