IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v64y2018i10id209-2017-agricecon.html
   My bibliography  Save this article

Return on sales and wheat yields per hectare of European agricultural entities

Author

Listed:
  • Eva HYBLOVA
  • Roman SKALICKY

    (Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic)

Abstract

Performance of agricultural entities can be observed from several different perspectives: using macroeconomic indicators, the quantity of agricultural production units, or by measuring the profitability. The paper present focuses on the relationship between profitability, return on sales (ROS) and wheat yields per hectare in agricultural entities in member states of the European Union (EU), divided into size categories by quantity standard output (SO). Due to the high proportion of subsidies in agriculture, the ROS indicator was rated in two versions: including subsidies and excluding subsidies. The aim of the paper is to confirm or refute the mutual relationship between these indicators, i.e. wheat yields per hectare, return on sales, and the size of the farm. The comparison is performed by means of indicators of descriptive statistics and tests of mathematical statistics. The results of the research show that return on sales drops with the size of the farm, while yields per hectare grow.

Suggested Citation

  • Eva HYBLOVA & Roman SKALICKY, 2018. "Return on sales and wheat yields per hectare of European agricultural entities," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(10), pages 436-444.
    • Handle: RePEc:caa:jnlage:v:64:y:2018:i:10:id:209-2017-agricecon
    DOI: 10.17221/209/2017-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/209/2017-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/209/2017-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/209/2017-AGRICECON?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. John A. Brierley, 2016. "An examination of the use of profitability analysis in manufacturing industry," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 12(1), pages 85-102.
    2. Sarris, Alexander H & Doucha, Tomas & Mathijs, Erik, 1999. "Agricultural Restructuring in Central and Eastern Europe: Implications for Competitiveness and Rural Development," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(3), pages 305-329, August.
    3. Ashok K. Mishra & Charles B. Moss & Kenneth W. Erickson, 2009. "Regional differences in agricultural profitability, government payments, and farmland values," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 69(1), pages 49-66, May.
    4. Ashok K. Mishra & Charles B. Moss & Kenneth W. Erickson, 2009. "Regional differences in agricultural profitability, government payments, and farmland values," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 69(1), pages 49-66, May.
    5. Jaroslav Svoboda & Martina Novotná, 2011. "Multifactor productivity analysis in the sample of agricultural enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 395-402.
    6. Lect. Daniel Cîrciumaru Ph. D & Prof. Marian Siminica Ph. D & Assoc. prof. Nicu Marcu Ph.D, 2010. "A Study On The Return On Equity For The Romanian Industrial Companies," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-8, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Filip Hampl, 2020. "A statistical analysis of the financial performance of organic and conventional farms in the Czech Republic with respect to their size," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 66(1), pages 1-9.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petrick, Martin, 2013. "Competition for land and labour among individual farms and agricultural enterprises: Evidence from Kazakhstan's grain region [Der Wettbewerb zwischen Einzelbetrieben und Agrarunternehmen um Boden u," IAMO Discussion Papers 141, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    2. Petrick, Martin, 2004. "Governing Structural Change And Externalities In Agriculture: Toward A Normative Institutional Economics Of Rural Development," IAMO Discussion Papers 14878, Institute of Agricultural Development in Transition Economies (IAMO).
    3. Rizov, Marian, 2006. "Rural development perspectives in enlarging Europe: The implications of CAP reforms and agricultural transition in accession countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(2), pages 219-238.
    4. Gagalyuk, Taras & Chatalova, Lioudmila & Kalyuzhnyy, Oleksandr & Ostapchuk, Igor, 2021. "Broadening the scope of instrumental motivations for CSR disclosure: An illustration for agroholdings in transition economies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 717-737.
    5. Petrick, Martin & Götz, Linde, 2019. "Herd growth, farm organisation and subsidies in the dairy sector of Russia and Kazakhstan," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 70(3), pages 789-811.
    6. Criveanu Maria Magdalena & Cârstina Silviu, 2018. "The importance of human resources within the strategic direction and organizational success," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 229-240, May.
    7. Nehring, Richard & Gillespie, Jeffrey & Katchova, Ani L. & Hallahan, Charlie & Harris, J. Michael & Erickson, Ken, 2015. "What’s Driving U.S. Broiler Farm Profitability?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(A), pages 1-20, July.
    8. Meghisan Georgeta-Madalina & Toma Dorin, 2017. "Public health management: life expectancy and air pollution," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 111-120, July.
    9. Birol, Ekin & Kontoleon, Andreas & Smale, Melinda, 2006. "Combining revealed and stated preference methods to assess the private value of agrobiodiversity in Hungarian home gardens:," EPTD discussion papers 156, International Food Policy Research Institute (IFPRI).
    10. Philip Kostov & John Lingard, 2004. "On the nature of Bulgarian subsistence agriculture," Others 0409009, University Library of Munich, Germany.
    11. Elodie Douarin & Laure Latruffe, 2011. "Potential impact of the EU Single Area Payment on farm restructuring and efficiency in Lithuania," Post-Communist Economies, Taylor & Francis Journals, vol. 23(1), pages 87-103.
    12. Weaver, Robert D. & Curtiss, Jarmila & Brümmer, Bernhard, 2005. "Technical Efficiency Effects of Technological Change: Another Perspective on GM Crops," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24528, European Association of Agricultural Economists.
    13. Rünzel, Max Allan Siegfried & Han, Doo Bong, 2018. "To What Extent Does Trade Liberalisation Affect The Financial Performance of Korean Co-operatives?," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266571, Southern Agricultural Economics Association.
    14. Fernandez, Javier, 2002. "The Common Agricultural Policy and EU Enlargement: Implications for Agricultural Production in the Central and Eastern European Countries," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24945, European Association of Agricultural Economists.
    15. Lerman, Zvi, 2001. "Agriculture in transition economies: from common heritage to divergence," Agricultural Economics, Blackwell, vol. 26(2), pages 95-114, November.
    16. Kathrin Happe & Hauke Schnicke & Christoph Sahrbacher & Konrad Kellermann, 2009. "Will They Stay or Will They Go? Simulating the Dynamics of Single‐Holder Farms in a Dualistic Farm Structure in Slovakia," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 497-511, December.
    17. Petrick, Martin, 2000. "Land Reform In Moldova: How Viable Are Emerging Peasant Farms? An Assessment Referring To A Recent World Bank Study," IAMO Discussion Papers 14882, Institute of Agricultural Development in Transition Economies (IAMO).
    18. Rusiana, Hofner D. & Escalante, Cesar L. & Brewer, Brady E. & Dodson, Charles B., 2018. "Macroeconomic and Farm-Level Drivers of Profitability among Smaller and Beginning Farm Businesses," 2018 Annual Meeting, August 5-7, Washington, D.C. 273782, Agricultural and Applied Economics Association.
    19. Galluzzo, Nicola, 2015. "Analysis of impact of rural development subsides on cropping specialization in Bulgaria and Romania using FADN data," 150th Seminar, October 22-23, 2015, Edinburgh, Scotland 212659, European Association of Agricultural Economists.
    20. Petrick, Martin, 2021. "Post-Soviet agricultural restructuring: A success story after all?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 63(4), pages 623-647.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:caa:jnlage:v:64:y:2018:i:10:id:209-2017-agricecon. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.