The impact of investment support from the Rural Development Programme of the Czech Republic for 2007-2013 on the economic efficiency of farms A comparison of the performance of farms within and outside Less Favoured Areas

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00027251%3A_____%2F17%3AN0000020" target="_blank" >RIV/00027251:_____/17:N0000020 - isvavai.cz</a>

Výsledek na webu

<a href="http://ageconsearch.umn.edu/record/257870" target="_blank" >http://ageconsearch.umn.edu/record/257870</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7896/j.1014" target="_blank" >10.7896/j.1014</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The impact of investment support from the Rural Development Programme of the Czech Republic for 2007-2013 on the economic efficiency of farms A comparison of the performance of farms within and outside Less Favoured Areas

Popis výsledku v původním jazyce

European agriculture is highly mechanised and its development is to a large extent shaped by the constant need for investment. By combining private capital with public funds, the risk burden associated with investment can be shared. The general economic objective of investment support is to improve the efficiency of production factors, such as labour, land and capital. The Rural Development Programme of the Czech Republic for 2007-2013 included a preferential criterion, the objective of which was to give an advantage to farms in Less Favoured Areas (LFA) by facilitating their access to funding for investments. This paper evaluates the investment activities of agricultural holdings located in Czech LFAs in the period 2011-2015, compared to those that are not located in LFAs. Binary logistic regression was employed to identify factors, such as LFA type, farm size, share of other revenues, indebtedness of a farm and stocking density of cattle, that influenced whether a farm was or was not supported with an investment subsidy. We conclude that supported farms in LFAs have higher levels of economic performance and higher labour productivity than unsubsidised farms. It is evident that many farms, especially in mountain areas, are interested in investment activities and are trying to develop their businesses. They have a lower likelihood of business failure than those farms that do not invest.

Název v anglickém jazyce

The impact of investment support from the Rural Development Programme of the Czech Republic for 2007-2013 on the economic efficiency of farms A comparison of the performance of farms within and outside Less Favoured Areas

Popis výsledku anglicky

European agriculture is highly mechanised and its development is to a large extent shaped by the constant need for investment. By combining private capital with public funds, the risk burden associated with investment can be shared. The general economic objective of investment support is to improve the efficiency of production factors, such as labour, land and capital. The Rural Development Programme of the Czech Republic for 2007-2013 included a preferential criterion, the objective of which was to give an advantage to farms in Less Favoured Areas (LFA) by facilitating their access to funding for investments. This paper evaluates the investment activities of agricultural holdings located in Czech LFAs in the period 2011-2015, compared to those that are not located in LFAs. Binary logistic regression was employed to identify factors, such as LFA type, farm size, share of other revenues, indebtedness of a farm and stocking density of cattle, that influenced whether a farm was or was not supported with an investment subsidy. We conclude that supported farms in LFAs have higher levels of economic performance and higher labour productivity than unsubsidised farms. It is evident that many farms, especially in mountain areas, are interested in investment activities and are trying to develop their businesses. They have a lower likelihood of business failure than those farms that do not invest.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

40101 - Agriculture

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Studies in Agricultural Economics

ISSN

1418-2106

e-ISSN

—

Svazek periodika

119

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

HU - Maďarsko

Počet stran výsledku

7

Strana od-do

11-17

Kód UT WoS článku

000413417800004

EID výsledku v databázi Scopus

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