Evaluating the Business Results of Dairy Farms in Bosnia and Herzegovina

Aleksandra Figurek, Ernst Stadlober and Vojo Radić
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Aleksandra Figurek: University of Banja Luka, Bosnia and Herzegovina
Ernst Stadlober: Graz University of Technology, Austria
Vojo Radić: University of Banja Luka, Bosnia and Herzegovina

Journal of Applied Management and Investments, 2017, vol. 6, issue 4, 244-252

Abstract: The status and development of milk production are important indicators of a country's development in the agricultural sector. Milk production in Bosnia and Herzegovina (B&H) is a major source of income for a large number of farms. It is characterized by a number of specific features which, among other things, cause significant methodological characteristics in determining financial results. In order to illustrate the advantages of certain methodological solutions regarding the analysis of the factors affecting the result in milk production, 17 farms in Bosnia and Herzegovina were analysed using the Farm Accountancy Data Network (FADN) methodology. The methodological approach used in this paper provides the ability to calculate and determine the gross margin in an adequate manner. The results of milk production are an important starting point to plan and organize future production activities on these farms investigated.

Keywords: FADN; business results; dairy farm; milk production; Bosnia and Herzegovina (search for similar items in EconPapers)
Date: 2017
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