ASSESSING SUSTAINABLE PERFORMANCE IN AGRICULTURE

Sorina Simona Bumbescu
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Sorina Simona Bumbescu: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA, ROMANIA

Annals - Economy Series, 2019, vol. 3, 245-252

Abstract: Romania has a significant agricultural potential due to the land owned, the workforce employed in this sector, the favorable climate conditions, but with all this the performance of Romanian’s agriculture is reduced compared to the EU. One of the ways of modernizing and revitalizing agriculture is represented by investments from European funds that have as strategic direction the sustainable development of agriculture. This article develops a synthetic theoretical framework on the peculiarities of Romania's agriculture in the context of EU agriculture, the performance analysis of agricultural holdings, and last but not least a case study on the assessment of the sustainable performance of agricultural holdings in Romania by economic size classes. The objective of this article is to assess the sustainable performance of agricultural holdings in Romania compared to the EU by analyzing the link between the farm size and sustainable value in order to identify the performance growth directions. In order to achieve the proposed objective, the sustainable value method was used. The results highlight the fact that in Romnaia the medium-sized farms achieve the highest performance expressed through Sustainable Value.

Keywords: agriculture; sustainable value; resource; results; performance; European Union (search for similar items in EconPapers)
Date: 2019
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