ECONOMIC ANALYSIS OF SUNFLOWER PRODUCTION ON FAMILY FARMS IN THE REPUBLIC OF SERBIA PUBLISHEDSaša Todorović, Nikola Filipović, Mihajlo Munćan
Serbian agricultural producers are currently facing with a large number of challenges which have significant influence on their business. Continuous monitoring and evaluation of existing family farms business activities is the only way to improve their profitability and enhancing competitiveness in such conditions. Bearing this in mind, the objective of this research is to emphasize an importance of the economic analysis of sunflower production on family farms and to contribute successfully to the formulation of the answers on questions is the sunflower production profitable and under what conditions. In order to have complete insight into investigated problem subject, investigations were carried out on selected family farms of the Republic of Serbia. Collected data were processed using calculation procedure for the purpose of determination of main economical indicators of the success of sunflower production. Based on realized financial results it can be concluded that with the selling price of 185 EUR t-1, only family farms which have achieved yield of over 3.71 t ha-1 with adequate level of investments are profitable. Since realized average yield of sunflower on family farms in Republic of Serbia in this year was 2.03 t ha-1 and level of investment necessary for realization of this yield, it is clear that majority of family farms have had loss in sunflower production. The results of this study suggest that the economic status of the sunflower production depends of the yield and achieved sales price, as well as of the amount of applied production factors and price level for their acquisition.
economic analysis; profitability; sunflower; family farms