The paper deals with the production and economic indicators of farms in the Republic of Serbia based on data collected from the FADN sample for 2019. The aim of the research is to analyze and evaluate the influence of important factors on profitability of farms of different economic size. According to their economic size, farms are classified into four groups: very small, small-sized, mid-sized and large-sized farms. Factors influencing profitability are grouped into: production management, financial management, human resources management and subsidies and natural factors. The statistical technique used in the paper is a multiple regression model applied to determine statistically significant influence of certain factors on profitability. The results of the research show that equity turnover is the factor with the greatest positive impact on profitability of farms regardless of their economic size. Paid labour has the greatest negative impact on very small, small-sized and mid-sized farms. Further research should focus on analysis of the financial performance of small and medium farms which, based on the available capacities and income, are the main drivers of development of the entire agricultural sector.
This paper analyses various aspects of the cost-effectiveness of dried blueberry production. The drying performed was convective using straw as the main source of heat. A medium capacity dryer was used with a capacity of 400 kg of fresh blueberries per day, which is suitable for small family farms. The dryer would presumably be in operation for 135 days a year, of which a total of 15 days would be allocated for the drying of US blueberries. In the cost-price structure of dried blueberry production, fresh blueberries predominate as the basic raw material (77.03 %), followed by packaging costs (12.93 %), labour costs (6.13 %) and energy consumption costs (1.44 %). Supplanting straw with natural gas, as a much more favourable energy source, does not impede the costeffectiveness of this production. The analysis performed shows that a total of 15 days of effective blueberry drying yields a net profit of €4.040, which is a very good financial result. Furthermore, the efficiency ratio is 1.28 and the rate of capital accumulation is 22.05 %. The investment costs of dryer construction are not high (about €31,000) and can be covered in less than two years.
Abstract:The paper analyzes the main indicators of the economic position of companies in the field of food industry in Vojvodina. The examined nine-year period coincides with the final stage of the ownership transformation in the republic of Serbia. given the length of the examined period, a considerable devaluation of the national currency (60.6%) and a high inflation rate (125.7%), all values are shown in Euros. The increasing business activity in the period of interest is not accompanied by the appropriate financial effects. Food industry enterprises achieved a positive financial result for most of the years in the given period, but with modest profit rates (0.15-3.18%). net working capital covers only 42.5% in average of the base stock, indicating an unfavourable financial structure and serious liquidity problems. An unacceptably high level of indebtness has been achieved (58.1%), which significantly reduces financial results due to the high financing expense. A further increase of export, combined with the recapitalization by the owners and a partial refinancing of credits, is the way to the companies' financial recovery.
SummaryThe paper discusses the basic economic and production results of important fruit species (apple, pear, peach, sour cherry and plum)
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