VOLATILITY OF MILK PRICES AND THE FORMATION OF THE SURPLUS ON THE SELF-FINANCING OF INVESTMENTS IN DAIRY FARMS
Journal Title: Zagadnienia Ekonomiki Rolnej - Year 2017, Vol 351, Issue 2
Abstract
The article is devoted to research on the development of the surplus on the self-financing of investments in farms specialising in milk production. The study used model farms built on the basis of FADN information on average production and economic parameters of average dairy farms. In order to obtain the distribution of the expected value of the surplus on self-financing of investments, the milk price was given stochastic character and simulations using the Monte Carlo method were concluded. The results show that for all farms the average expected value of the surplus in 2016-2020 will be lower than in 2013. The level of surplus in the smallest farms can only allow for investments with a very low value. Economically stronger farms will be able to increase their production capacity by development investments.
Authors and Affiliations
Ewa Kołoszycz
Keywords
Related Articles
- EP ID EP220625
- DOI -
- Views 59
- Downloads 0
EFEKTYWNOŚĆ POLSKIEGO ROLNICTWA W LATACH 1998-2009
Celem badania było: zbadanie efektywności technicznej rolnictwa poprzez określenie współczynników efektywności technicznej, opracowanie rankingu efektywności rolnictwa przy zastosowaniu metody superefektywności DEA, prób...
FOOD SOVEREIGNTY, FOOD SECURITY AND SUSTAINABLE DEVELOPMENT: ENVIRONMENTAL AND ECONOMIC CHALLENGES
The discussion, academic research and reflection on policy analysis is focused on the role of the agricultural and agri-food related activities in regard to sustainable development and economic growth. The food sector be...
FINANCIAL GLOBALIZATION AND AGRICULTURAL FINANCE
Financial globalization affects agricultural finance through the foreign exchange channel and the transfer of disturbances within financial systems, as well as a decrease in overall economic activity abroad. Internationa...
CHANGES IN THE VOLUME OF PRODUCTION AND AGRICULTURAL INCOME IN THE CONDITIONS OF POLAND'S ACCESSION TO THE EU
Poland's accession to the European union was connected with the acceptance of new conditions for the functioning of agriculture, while the incorporation of producers into the Single European Market and the adoption of pr...
WSPÓLNOTOWA TYPOLOGIA GOSPODARSTW ROLNYCH
Wspólnotowa Typologia Gospodarstw Rolnych, dzięki jednorodnej metodyce jej ustala-nia obowiązującej na terenie całej UE, umożliwia wykonywanie analiz porównawczych po-między gospodarstwami z różnych państw członkowskich....