How opportunity costs change the view on the viability of farms? Empirical evidence from the EU

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

How opportunity costs change the view on the viability of farms? Empirical evidence from the EU

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

How opportunity costs change the view on the viability of farms? Empirical evidence from the EU

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Agricultural Economics

ISSN

0139-570X

e-ISSN

1805-9295

Svazek periodika

67

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

10

Strana od-do

41–50

Kód UT WoS článku

000623039000001

EID výsledku v databázi Scopus

2-s2.0-85102245214