Development of farms according to the LFA classification

Jana Lososová and Radek Zdeněk
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Jana Lososová: Department of Accounting and Finances, Faculty of Economics, University of South Bohemia, České Budějovice, Czech Republic
Radek Zdeněk: Department of Accounting and Finances, Faculty of Economics, University of South Bohemia, České Budějovice, Czech Republic

Agricultural Economics, 2013, vol. 59, issue 12, 551-562

Abstract: The aim of the paper is to assess the situation and development of Czech agriculture by the production and economic ratios of a sample of farms. The development is evaluated using a database of farms from the Czech Republic since 2000, divided by the share of land included in the LFA. The year 2011 revealed a significant improvement in economic indicators over the previous year. A positive profit appeared in 95% of enterprises and economic results approached the results of 2007. An important trend is the reduction in the number of workers, when in 2011 the number of workers was equal to 70% to that in 2000, while labour productivity is increasing annually by an average of 7%. In the structure of production, the average farm revealed a revenue growth of crop production, the revenue from livestock production was declining, although the opposite trend appeared in mountain areas. In all categories of farms, there is a growing dependence on subsidies. Although the year 2011 was the second most productive since 2000, the profit after deducting subsidies was reached by 13% of farms only.

Keywords: labour productivity; LFA; profit/loss; profitability; subsidies (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:59:y:2013:i:12:id:66-2013-agricecon

DOI: 10.17221/66/2013-AGRICECON

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