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Economic Indicators in Cereal Production in EU

In: Agribusiness Innovation and Contextual Evolution, Volume II

Author

Listed:
  • Aleksandra Figurek

    (University of Nicosia)

  • Elena Semenova

    (All Russian Research Institute of Agricultural Economics)

  • Joao Miguel F. Rocha

    (CBQF - Centro de Biotecnologia e Química Fina – Laboratório Associado, Escola Superior de Biotecnologia, Universidade Católica Portuguesa
    University of Porto
    University of Porto)

  • Alkis Thrassou

    (University of Nicosia)

  • Naziyet Uzunboylu

    (University of Nicosia)

Abstract

The aim of this chapter is to give a general overview of the production costs, and incomes of EU farms specialised in cereal production, based on the Farm Accountancy Data Network (FADN). The FADN technique has been used to compare a number of metrics in order to analyse the financial performance of European production. Farm net value added (FNVA), FNVA per annual working unit (AWU), farm net income (FNI), and family farm income (FFI/FWU) are the economic performance measures for the cereal production. FADN provides farmers with the pertinent data they require to make the optimal production structure decisions and boost the productivity of both individual crops and the farm as a whole. By managing their production processes well, farmers may boost their market participation and flexibility. Based on FADN, it is feasible to evaluate the outcomes of the agricultural policy measures put in place at the time while taking environmental and social issues into consideration, as well as the performance of agricultural farms and the critical elements that impact their profitability.

Suggested Citation

  • Aleksandra Figurek & Elena Semenova & Joao Miguel F. Rocha & Alkis Thrassou & Naziyet Uzunboylu, 2024. "Economic Indicators in Cereal Production in EU," Palgrave Intersections of Business and the Sciences, in association with Gnosis Mediterranean Institute for Management Science, in: Antonino Galati & Demetris Vrontis & Alkis Thrassou & Mariantonietta Fiore (ed.), Agribusiness Innovation and Contextual Evolution, Volume II, chapter 11, pages 259-281, Palgrave Macmillan.
    • Handle: RePEc:pal:pinchp:978-3-031-45742-5_11
    DOI: 10.1007/978-3-031-45742-5_11
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