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Type of publication: Straipsnis konferencijos medžiagoje Clarivate Analytics Web of Science ar/ir Scopus / Article in Clarivate Analytics Web of Science or Scopus DB conference proceedings (P1a)
Field of Science: Ekonomika / Economics (S004)
Author(s): Savickienė, Jūratė;Miceikienė, Astrida;Jurgelaitienė, Liucija
Title: Assessment of economic viability in agriculture
Is part of: STRATEGICA: Local Versus Global: 3rd international academic conference, Bucharest, Romania, October 29-31, 2015: proceedings. Bucharest: Tritonic Publ. House, 2015
Extent: p. 411-423
Date: 2015
Keywords: Economic viability;Assessment of economic viability;Farmer's farm;EU countries;Financial indicators
ISBN: 9786067490541
Abstract: Research studies have given little credit to assessment of farm economic viability. Thus, the following scientific problem has been put forward: which methodology is the most appropriate for assessment of farm economic viability? Research findings by the researchers have shown that the concept of farm economic viability is a complex variable, not yet definitive and still fairly difficult to be explained in a single comprehensive way. Therefore, the definition of farm economic viability'has been developedfor the purposes of local research in order to design a methodology for assessment offarm economic viability. Absolute and relative financial or economic indicators are usually used for assessment of farm economic viability. As a result, the indicators characterising economic viability in agriculture have been sampled at the stage of the empirical assessment of farm economic viability. Following identification ofthe indicators and their components, the methodology for assessment of farm economic viability has been designed. The designed methodology has suggested that the mentioned indicators provide comprehensive characteristics of the situation that the farm operates in, i.e. are indicative of the current stage (survival, life, or development) of the farm. Empirical research on the model for assessment of economic viability of farms in Lithuania and EU-27, using the analogical results, has revealed that a majority of farms were viable and in the stage of development. The designed methodology will help farmers estimate the current stage of farm economic viability, as well as the period of their survival, life, and developed under the current condition
Affiliation(s): Viešoji įstaiga "Vilties žiedas"
Vytauto Didžiojo universitetas
Žemės ūkio akademija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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