Open AccessEconomic efficiency of investments in cattle production at family farms
Author(s) -
Sanjin Ivanović
Publication year - 2008
Publication title -
journal of agricultural sciences
Language(s) - English
Resource type - Journals
eISSN - 2406-0968
pISSN - 1450-8109
DOI - 10.2298/jas0803223i
Subject(s) - production (economics) , investment (military) , business , estimation , economic efficiency , economic risk , agricultural science , production efficiency , agricultural economics , economics , natural resource economics , market economy , microeconomics , environmental science , engineering , risk analysis (engineering) , mechanical engineering , management , politics , political science , law
Using the models of family farms implementing cattle production, it has been analyzed how economic efficiency and financial feasibility of the cattle production investments is influenced by the size of family farms; the type of production; the way of securing of the land for the forage production, both under the safe and risky circumstances. During the analysis of economic efficiency the dynamical methods of investment evaluation have been used, as well as the appropriate method for risk estimation of investments. Besides, in the study has been analyzed an earlier development of the cattle production in the Republic of Serbia, its present conditions, as well as the prospective developments of the bovine production. Judging by the acquired data, it has been established that the family farms investments with a larger number of cows are more economically efficient and more financially feasible, as well as that these investments have a lower level of risk taking in the uncertain conditions of business undertakings