A Metrics Refinement of EU Fruit Production Economic Assessment

Aleksandra Figurek (), Elena I. Semenova, Alkis Thrassou and Demetris Vrontis
Additional contact information
Aleksandra Figurek: School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus
Elena I. Semenova: Department of Economic Relations in Agro-Industrial Complex Organizations, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas—All Russian Research Institute of Agricultural Economics”, 123007 Moscow, Russia
Alkis Thrassou: School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus
Demetris Vrontis: School of Business, GNOSIS Mediterranean Institute for Management Science, University of Nicosia, Nicosia 1700, Cyprus

Economies, 2024, vol. 12, issue 10, 1-20

Abstract: The paper applies the farm accountancy data network (FADN) approach to conduct a comparison analysis of the revenue of EU fruit producers. The study constitutes a significant contribution to the requisite development of more accurate metrics and appropriate approaches, which are necessary for assessing the economic success of EU fruit production in the principal sector of EU agriculture. The metrics used to measure the economic success in fruit production include farm net value added (FNVA), farm net income (FNI), annual working unit (AWU) of FNVA, and farm family income (FFI/FWU). An agricultural farm’s overall productivity can be determined by dividing its entire output (production) by the inputs employed in its operations, such as specific expenses and intermediate consumption. The FADN approach, which tracks the increase in agricultural revenue and assesses the effects of European policies on the agricultural sector, improves monitoring and meeting of performance goals. Finding economic, technological, and other aspects that will improve agricultural farms’ businesses and, by extension, agriculture as a whole will require applying an appropriate methodological approach to portray the actual situation and results of these farms.

Keywords: FADN; fruit production; FNVA; FNI; economic assessment metrics; AWU; agricultural sector (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7099/12/10/262/pdf (application/pdf)
https://www.mdpi.com/2227-7099/12/10/262/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:12:y:2024:i:10:p:262-:d:1485586

Access Statistics for this article

Economies is currently edited by Ms. Hongyan Zhang

More articles in Economies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().