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A Metrics Refinement of EU Fruit Production Economic Assessment

Author

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  • Aleksandra Figurek

    (School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus)

  • Elena I. Semenova

    (Department of Economic Relations in Agro-Industrial Complex Organizations, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas—All Russian Research Institute of Agricultural Economics”, 123007 Moscow, Russia)

  • Alkis Thrassou

    (School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus)

  • Demetris Vrontis

    (School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus
    Department of Management Studies, Adnan Kassar School of Business, Lebanese American University, Beirut 1102 2801, Lebanon
    S P Jain School of Global Management, Singapore Campus, Singapore 119579, Singapore)

Abstract

The paper applies the farm accountancy data network (FADN) approach to conduct a comparison analysis of the revenue of EU fruit producers. The study constitutes a significant contribution to the requisite development of more accurate metrics and appropriate approaches, which are necessary for assessing the economic success of EU fruit production in the principal sector of EU agriculture. The metrics used to measure the economic success in fruit production include farm net value added (FNVA), farm net income (FNI), annual working unit (AWU) of FNVA, and farm family income (FFI/FWU). An agricultural farm’s overall productivity can be determined by dividing its entire output (production) by the inputs employed in its operations, such as specific expenses and intermediate consumption. The FADN approach, which tracks the increase in agricultural revenue and assesses the effects of European policies on the agricultural sector, improves monitoring and meeting of performance goals. Finding economic, technological, and other aspects that will improve agricultural farms’ businesses and, by extension, agriculture as a whole will require applying an appropriate methodological approach to portray the actual situation and results of these farms.

Suggested Citation

  • Aleksandra Figurek & Elena I. Semenova & Alkis Thrassou & Demetris Vrontis, 2024. "A Metrics Refinement of EU Fruit Production Economic Assessment," Economies, MDPI, vol. 12(10), pages 1-20, September.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:10:p:262-:d:1485586
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    References listed on IDEAS

    as
    1. Abdallah Alaoui & Lúcia Barão & Carla S. S. Ferreira & Rudi Hessel, 2022. "An Overview of Sustainability Assessment Frameworks in Agriculture," Land, MDPI, vol. 11(4), pages 1-26, April.
    2. Luca Camanzi & Stefania Troiano, 2021. "The evolutionary transformation of modern agri-food systems: emerging trends in consumption, production, and in the provision of public goods," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-5, December.
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