Economic efficiency analysis of vegetable production systems during 2011-2014

Ursu, Ana (2014): Economic efficiency analysis of vegetable production systems during 2011-2014. Published in: Agrarian Economy and Rural Development - Realities and Perspectives for Romania , Vol. 5, No. ISSN 2285–6803 ISSN-L 2285–6803 (20 November 2014): pp. 315-320.

Abstract

Economic efficiency plays an important role in the foundation and farm level decisions, constituting a basic criterion in assessing the level of economic activity and development prospects. The study aimed to analyze the economic efficiency of crop production systems, measured through indicators that contribute to an overall picture of the actual conditions of economic efficiency for the analyzed period. For this study were quantified following indicators: income from operations, operating costs, labor productivity and rate of return on different types of farms of different sizes. The analysis concluded that indicators production year 2013-2014 has showed a lower level of economic efficiency compared with 2011-2012 production year; comparison of the two production systems that irrigated production system provides a rate of return of about 9-10% higher than non-irrigated system. Comparing labor productivity in terms of value (lei / Man-hour) the types of farms of different sizes that hourly labor productivity increases with economic size of holding and decreases as the number of man-hours to 1000 lei incomes increase.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic efficiency, production systems, labor productivity, profitability
• Subjects: D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O44 - Environment and Growth; P - Economic Systems > P4 - Other Economic Systems > P49 - Other; P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

References

Budică Elias (1998), "Short and long-term profitability", Economic Tribune, Bucharest;

C. Cojocaru Constantin (2000), "Economic and financial analysis of farm and forestry", Second edition, Economic Publishing House, Bucharest;

Joseph George (2000), "Economic and financial analysis company in food", Economic Tribune Publishing House, Bucharest;

Ana Ursu, D. Toma, M. Nicolescu (2008), "Guide economic and technical management in the crop production system", University Publishing House, Bucharest;

ADER Project 2.1.1 (2011).