Financial aspects of pepper (Capsicum annuum L) production on family farms in Serbia-Reference-Cited by-同舟云学术

Financial aspects of pepper (Capsicum annuum L) production on family farms in Serbia

Published:2021 Issue:4 Volume:68 Page:1015-1028
ISSN:0352-3462
Container-title:Ekonomika poljoprivrede
language:en
Short-container-title:Ekonomika poljoprivrede

Author:

Petrović Mladen^ORCID,Savić Bojan^ORCID,Cvijanović Vojin^ORCID

Abstract

In the structure of agricultural production in the Republic of Serbia, crop production is dominant, while the share of vegetables in crop production is small (about 3.5%). According to the research conducted by the Institute for the Application of Science in Agriculture during 2015-2019, one of the most profitable vegetable production is pepper production. The aim of this paper is to investigate the financial aspects of pepper (Capsicum annuum L) production as one of the most common vegetable crop in the Republic of Serbia, and to assess its economic viability. The following methods were used: survey, comparison, desk research, gross margin calculation and sensitivity analysis. Sensitivity analysis showed that in addition to the yield, the price also has a great influence on the amount of the gross margin. The price risk would be reduced if there were "contracted agricultural production", which would improve the profitability and sustainability of pepper production.

Funder

Ministry of Education, Science and Technological Development of the Republic of Serbia

Publisher

Centre for Evaluation in Education and Science (CEON/CEES)

Link

https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2021/0352-34622104015P.pdf

Reference26 articles.

1. Belaya, V., & Hanf, J. H. (2016). Conflict Resolution in Vertical Collaborations in the Agrifood Sector, International Journal on Food System Dynamics, 7(1), 24-35;

2. Bodiroga, R., Sredojević, Z., & Subić, J. (2018). Economic efficiency of investment in greenhouse vegetable production without heating, Economics of Agriculture, 65(4), 1383-1393;

3. Elzaki Ali, R., Saied;, M., & Elsebaei, M. (2019). Vegetable production in Saudi Arabia: Protection coefficient and relative efficiency, Economics of Agriculture, 66(2), 457-469. DOI: 10.5937/ekoPolj1902457E;

4. Engle, P. (2013). Understanding gross margin, Industrial Engineer, 45(4), 20-20;

5. Gachukia, M. (2016). Value Chain Governance and Governmentality of Horticultural Exporters by Developing Economies: A perspective of Kenya's Fresh Fruit and Vegetable Export Sector, International Journal on Food System Dynamics, 7(1), 14-23;