Diversification or Specialisation of Agricultural Production

Bodescu Dan, Moraru Radu-Adrian and Ungureanu George
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Bodescu Dan: University of Agricultural Sciences and Veterinary Medicine Iasi, Romania
Moraru Radu-Adrian: University of Agricultural Sciences and Veterinary Medicine Iasi, Romania
Ungureanu George: University of Agricultural Sciences and Veterinary Medicine Iasi, Romania

Risk in Contemporary Economy, 2021, 326-335

Abstract: With respect to the topic „diversification versus specialisation of production†, in the economic theory are laid down the obvious advantages of specialisation in relation with the economic efficiency and viablility, and the diversification seems to be a viable choice for some practitioners. Hypothesis: 1. under non-favourable climate conditions, some crops achieve superior productions to the detriment of the most others; 2. the specialised structure of production will determine, during the average period, superior economic results that will counterbalance the non-favourable periods; 3. the production diversification determines constant levels of efficiency due to the low impact of each crop upon the overall economic impact; 4. the viability of production specialisation or diversification could be determined by the safety margin.

Date: 2021
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