Open AccessECONOMIC EFFICIENCY OF BIOSTIMULANTS IN AGRICULTURE
Author(s) -
Angel Sarov,
Iv. Boevsky
Publication year - 2021
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2021.s.01.026
Subject(s) - profitability index , economic efficiency , agriculture , european union , profit (economics) , productivity , business , production (economics) , economics , agricultural economics , environmental economics , microbiology and biotechnology , economic growth , international trade , microeconomics , finance , ecology , biology
Addressing issues related to the economic efficiency of biostimulants in agriculture meets the needs of farmers and consumer requirements. The urgency of this study is also determined by its compliance with the priorities of the European Union for the new CAP 2021+, in accordance with the national priorities for healthy food. Increasing plant productivity can be achieved, on the one hand, through genetics and selection, as well as through the management of physiological and biochemical processes through the use of growth regulators, on the other hand. The aim of this study is to evaluate the economic efficiency of biostimulants used in agriculture. The economic efficiency of the various biostimulants is established by solving the problem with the production structure of the agricultural holding. To establish the economic efficiency of the various biostimulants, an economic-mathematical model based on linear optimization has been developed. The results of preliminary studies show that in assessing the impact of biological substances it is necessary to take into account not only the increase in profitability and profit of a particular crop but also whether the profit of the farm as a whole has increased.