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Economic development in Slovak agriculture

Author

Listed:
  • Z. Chrastinová

    (Research Institute of Agriculture and Food Economics, Bratislava, Slovak Republic)

  • V. Burianová

    (Research Institute of Agriculture and Food Economics, Bratislava, Slovak Republic)

Abstract

The article discusses economic development of Slovak agriculture in the period after the accession of Slovakia to the EU and after adopting the CAP. It evaluates agriculture as a whole and its contribution to the national economy, as well as the economic performance of the individual legal forms of business and production sectors. The results achieved by agriculture in 2004-2007 suggest that the income within the sector (except of 2005) has improved also due to the inflow of the EU subsidies. On the other hand, despite the growing aid the production output is shrinking, wages stagnate and the employment is falling. This suggests that the CAP should be changed after 2013, especially as regards the ways of subsidy payments. Economics of the individual products are largely affected by input prices, realisation prices, as well as by the volume of direct subsidies, namely in the plant production - the subsidies for crops grown on arable land, and in animal production - the subsidies per 1 Big Cattle Unit.

Suggested Citation

  • Z. Chrastinová & V. Burianová, 2009. "Economic development in Slovak agriculture," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 55(2), pages 67-76.
    • Handle: RePEc:caa:jnlage:v:55:y:2009:i:2:id:580-agricecon
    DOI: 10.17221/580-AGRICECON
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    References listed on IDEAS

    as
    1. E. Rosochatecká & K. Tomšík & D. Žídková, 2008. "Selected problems of capital endowment of Czech agriculture," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(3), pages 108-116.
    2. Z. Sojková & Z. Kropková & V. Benda, 2008. "Slovak agricultural farms in different regions - comparison of efficiency," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(4), pages 158-165.
    Full references (including those not matched with items on IDEAS)

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