Investments of Czech farms located in less favoured areas after EU accession

Zdeněk, Radek; Lososová, Jana

doi:10.17221/212/2019-agricecon

Cited by 6 publications

(2 citation statements)

References 33 publications

(27 reference statements)

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“…It should be noted, however, that the intrinsic growth in the value of assets increases the availability of credit for farmers by securing loans with their agricultural land. Furthermore, in a situation of rising agricultural land prices, its purchases can affect the growth of the relative age of tangible fixed assets, especially the obsolescence of buildings that are not sufficiently modernised by farms (Zdeněk and Lososová 2020). At the same time, according to the study by Calus et al (2008) on the example of Belgian farms, lower value of total assets of the farm often result in farm discontinuation.…”

Section: Resultsmentioning

confidence: 99%

The income-assets relationship for farms operating under selected models in Poland

Grzelak¹

2022

AGR ECON-CZECH

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The aim of this paper is to outline the relationship between income and assets when taking into account selected models of farms' functioning. The following farm models are examined: traditional, industrial, sustainable, and organic. Panel models were used that were based on the results of individual unpublished data for farms in Poland that undertook agricultural accounting according to the Farm Accounting Data Network (FADN) principles from 2004 to 2019. It was found that industrial farms had the clearest income-assets relationship, while traditional farms had the least clear relationship. The value of land, as a component of assets, was found to weaken the income-assets relationship. In consequence, the value of assets increased faster than income. Thus, the farmers are becoming wealthier in terms of the value of their assets, but this is not reflected in their income.

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Section: Resultsmentioning

confidence: 99%

The income-assets relationship for farms operating under selected models in Poland

Grzelak¹

2022

AGR ECON-CZECH

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“…It can be expected that the value of land in the world will increase significantly in the future, as its area is limited and with the growing population of the Earth and with increasing needs, there will be an increasing hunger for land. There is already a large trend in investing in land [7].…”

Section: Literature Reviewmentioning

confidence: 99%

Conflict between the Accounting Act and Czech Accounting Standards in land

Kabourková

2021

SHS Web Conf.

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The paper deals with the analysis of existing Czech accounting procedures in the case of land accounting. The method of process analysis is used, where the currently valid methodological procedures are examined. The strengths and weaknesses of this methodology are defined. It is found that the accounting and valuation of land according to Czech Accounting Standards is in conflict with the Accounting Act, according to which accounting data should provide a true picture of the status and value of the entity’s assets. The purchase price of the land is entered into bookkeeping and any decrease or increase in value is never accounted for again. In the case of forest land, the value of the land and the value of the plants grown on it are not accounted for separately. The accounting therefore does not provide users with true and current information. The good thing is that these accounting policies do not burden the accounting entity in any way. Furthermore, a proposal for new methodological procedures is presented. According to them, it would be possible to update the accounting data depending on the condition of the land and the development of market prices. Based on an expert opinion, a significant increase or decrease in the current value of the land would be accounted for. In the case of a forest, it would be possible to use analytical accounts to account separately for the condition of the land and the condition of the forest foliage. These new procedures would make it possible to reflect in bookkeeping the actual state of the entity’s assets. However, the disadvantage is the higher financial and time demand. Subsequently, the advantages and disadvantages of the currently effective and proposed methodology are compared.

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