Author(s): Joanna Średzińska
Title: Economic and Financial Standing of Farms in European Union Countries at Various Levels of Labor Productivity
Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings
Publisher: Wolters Kluwer ČR, Prague
PY, pages: 2018, 1440-1450
Published on-line: 2018-11-09
Abstract: The main purpose of this paper is to depict the economic and financial standing
of farms in European Union countries demonstrating various levels of labor productivity.
The study was based on the FADN database. Data from 2013-2015 was
used. Some results were compared to corresponding figures from 2007-2009. The
study population was divided into quartiles by level of net value added per FTE.
The division was validated with the ANOVA variance analysis. Afterwards, selected
characteristics were calculated to reflect the economic and financial standing of
EU farms in 2013-2015, grouped into quartiles. There was a noticeable growth of
the average net value added per FTE in the study period. Over the years covered
by this study, the size of farms and the scale of farming operations were the drivers
of improvement of labor productivity in EU farms. Another factor stimulating the
improvement of labor productivity was a greater availability of other productive
inputs, i.e. land and capital. The key role of payments for the development of labor
productivity and profitability was also noted. Farms demonstrating higher levels of
labor productivity were more willing to borrow funds and invest.
Keywords: European Union, FADN, farms, labor productivity, variance analysis
JEL Classification: O52, Q14, Q18
Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.
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