Analysis of the Impact of Subsidies on Farm Performance Using a Mixed Effects Model

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F24%3A43909042" target="_blank" >RIV/60076658:12510/24:43909042 - isvavai.cz</a>

Výsledek na webu

<a href="https://inproforum.ef.jcu.cz/artkey/inf-990000-0900_Proceedings.php" target="_blank" >https://inproforum.ef.jcu.cz/artkey/inf-990000-0900_Proceedings.php</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.32725/978-80-7694-102-1.48" target="_blank" >10.32725/978-80-7694-102-1.48</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Analysis of the Impact of Subsidies on Farm Performance Using a Mixed Effects Model

Popis výsledku v původním jazyce

Agricultural subsidies are a key element of agriculture and have a major impacton international trade. In the European Union, the policy supporting agricultural incomes iscalled the Common Agricultural Policy, which is a complex system involving variousinstruments. The impact of this policy on the economic performance of farms is, therefore,an interesting topic, especially for policymakers. Czech agriculture has undergone majorpolicy changes that have affected its position in the national economy and its importance atthe regional level. Differences in natural conditions, as well as economic and socialinequalities, continue to affect the level of gross agricultural production. Using a mixedeffectsmodel, this study analyzed data from 10 South Bohemian farms (2012–2021). Resultsindicate that subsidies have a positive but statistically insignificant effect on economicperformance, while assets positively and significantly contribute to profitability. Conversely,liabilities and investments in long-term assets negatively impact economic performance.These findings highlight the importance of asset management and cautious debt strategiesfor farm sustainability.

Název v anglickém jazyce

Analysis of the Impact of Subsidies on Farm Performance Using a Mixed Effects Model

Popis výsledku anglicky

Agricultural subsidies are a key element of agriculture and have a major impacton international trade. In the European Union, the policy supporting agricultural incomes iscalled the Common Agricultural Policy, which is a complex system involving variousinstruments. The impact of this policy on the economic performance of farms is, therefore,an interesting topic, especially for policymakers. Czech agriculture has undergone majorpolicy changes that have affected its position in the national economy and its importance atthe regional level. Differences in natural conditions, as well as economic and socialinequalities, continue to affect the level of gross agricultural production. Using a mixedeffectsmodel, this study analyzed data from 10 South Bohemian farms (2012–2021). Resultsindicate that subsidies have a positive but statistically insignificant effect on economicperformance, while assets positively and significantly contribute to profitability. Conversely,liabilities and investments in long-term assets negatively impact economic performance.These findings highlight the importance of asset management and cautious debt strategiesfor farm sustainability.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název statě ve sborníku

INPROFORUM 2024. Proceedings of the 18th International Scientific Conference INPROFORUM. Entrepreneurship for Sustainability

ISBN

978-80-7694-102-1

ISSN

—

e-ISSN

2336-6788

Počet stran výsledku

7

Strana od-do

336-342

Název nakladatele

Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

7. 11. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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