Viability of Estonian dairy farms
2024
Omel, Raul | Nurmet, Maire
In achieving the goals of the common agricultural policy and the EU rural development programme, the viability of agricultural enterprises is, among other things, a topical issue. The purpose of this paper is to assess the economic viability levels of agricultural holdings of dairy type, as classified by the Farm Accountancy Data Network. The viability of agricultural holdings was analysed by means of the model of farm viability, a tool which includes farm income, threshold wage, and return on the capital invested in non-land assets. The outcomes enable the classification of Estonian dairy farms as viable or vulnerable. The findings show that income as a basic economic objective of the agricultural holdings’ activity is an important determinant of the economic viability of the holdings. The results of the study enable us to explore dairy-type agricultural holdings with the objective of considering ways in which they might improve viability. It is anticipated that the results will be of interest to practitioners and decision-makers in order to identify possibilities in which policies might be adjusted to increase the viability of agricultural holdings.
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Editeur Latvia University of Life Sciences and Technologies
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