Value Added in Irrigated Contrary to Rainfed Corn Production

Jeločnik Marko (), Subić Jonel, Ivolga Anna () and Erokhin Vasilii ()
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Jeločnik Marko: Institute of Agricultural Economics, Belgrade, Serbia
Subić Jonel: Institute of Agricultural Economics, Belgrade, Serbia
Ivolga Anna: Stavropol State Agrarian University, Stavropol, Russia
Erokhin Vasilii: School of Economics and Management, Harbin Engineering University, Harbin China

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 1636-1646

Abstract: Occurred climate change and incurvation of weather patterns globally brings unpredictable production in many economic sectors, especially agriculture, or closely in crop production. In this circumstances, rainfed crop production in many countries used to become old-fashioned system of production, while implementing irrigation tends to be reality that provides long-term food security and farms’ profit stability. The main goal of research is to economically justify the appliance of irrigation in conventional corn production at the farm level. In research used dataset corresponds to South Banat region in Serbia, while used method assumes calculation of contribution margin. Comparing the values of gross financial results gained in corn growing organized in similar production conditions, but with or without applying the irrigation, achieved results show its rise for almost six times after implementing the irrigation systems. Besides, overall profitability in rainfed corn production shows much higher sensibility towards the change in obtained incomes and variable costs.

Keywords: corn production; climate change; rainfed; irrigation; value added (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1636-1646:n:1029

DOI: 10.2478/picbe-2024-0136

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