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Economic Viability by Farm Size of Estonian Family Farms

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  • Nurmet, Maire
  • Omel, Raul

Abstract

Small farms are subject to a wide range of influences on their viability including economic, policy and regulatory drivers as well as internal farm household drivers of change. Small farms have experienced a decline in numbers compared to large farms. The main task of the paper is to determine the share of viable farms of different size groups in Estonia, exploring the factors that are associated with economically viable farms. For determination of the share of viable farms of different size groups the opportunity-cost-based approach is used. Farm viability is estimated by using the data from the Estonian Farm Accounting Data Network. The results indicate that the economic viability of Estonian farms has slightly increased, but the share of viable farms has decreased. Smaller farms’ economic viability is declining, many of them are economically vulnerable. Smaller farms’ capability to survive and develop by using the available resources is lower compared to larger farms.

Suggested Citation

  • Nurmet, Maire & Omel, Raul, 2020. "Economic Viability by Farm Size of Estonian Family Farms," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311217, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    • Handle: RePEc:ags:iafepa:311217
    DOI: 10.22004/ag.econ.311217
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    Cited by:

    1. Zuzana Hloušková & Michaela Lekešová & Anna Prajerová & Tomáš Doucha, 2022. "Assessing the Economic Viability of Agricultural Holdings with the Inclusion of Opportunity Costs," Sustainability, MDPI, vol. 14(22), pages 1-15, November.
    2. Poczta-Wajda, Agnieszka, 2020. "Economic Viability Of Family Farms In Europe – A Literature Review," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2020(4).

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    Keywords

    Agricultural and Food Policy;

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