Farm Owners' Interventions During Economic Crisis
Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2017, Vol 0, Issue 0
Abstract
This paper covers the issue of the effect of the economic crisis on farms organization. Research was conducted in the south of Poland, of which a certain portion has been presented to demonstrate the interventions undertaken by farm owners in light of the deteriorating economic situation. The research indicates that the choice of strategy for surviving the crisis, which shows in deteriorating management conditions, was determined by the farm type. Nevertheless, the most common decisions were about lowering consumption of current production assets and reducing capital-intensive investments. The spectrum of intervention measures undertaken by respondents in periods of economic crisis was therefore based mainly on temporary yet significant reduction of production costs in order to improve (or safeguard) short-term financial performance of a farm.
Authors and Affiliations
Aleksandra Płonka
Keywords
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- EP ID EP313274
- DOI 10.22630/ASPE.2017.16.3.33
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