On the profitability of Polish large agricultural holdings

Justyna Góral and Micha³ Soliwoda ()
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Justyna Góral: Department of Public Administration, Collegium of Socio-Economics, SGH Warsaw School of Economics, Warsaw, Poland
Micha³ Soliwoda: Department of Finance and Risk Management, Institute of Agricultural and Food Economics – NRI, Œwiêtokrzyska Str. 20, 00-002, Warsaw, Poland

Acta Oeconomica, 2021, vol. 71, issue 1, 137-159

Abstract: The aim of this study is to examine the impact of selected determinants on various categories of profitability in the Polish agriculture. To answer this question, we employed a unique panel of 78 entities. We found that subsidies had a negative effect on profitability of large farms. Moreover, they did not detect a significant impact of variables related to farm operator. Financial surplus to liabilities had a positive impact on both ROS and ROA. Moreover, the significance of using the risk management tools and shaping the ratio of rented land to total land are underlined as important managerial implications. Diagnostics of the model indicated the advantage of the models with fixed effects (FE) over the models with random effects (RE).

Keywords: profitability; ROS; ROA; ROE; agriculture (search for similar items in EconPapers)
JEL-codes: D22 D24 Q14 Q18 (search for similar items in EconPapers)
Date: 2021
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