Affiliation:
1. Lithuanian Centre for Social Sciences Institute of Economics and Rural Development Vilnius Lithuania
2. Faculty of Management and Finances University of Economics and Human Science in Warsaw Warsaw Poland
Abstract
AbstractSustainable agriculture development holds significant global and regional importance, particularly within the Baltic countries. On a global scale, it is a critical strategy for meeting the escalating demand for food while simultaneously mitigating the adverse environmental and social consequences associated with agricultural practices. In the context of the Baltic nations, where agriculture constitutes a substantial portion of the economy, the adoption of sustainable farming practices is imperative for ensuring the sector's long‐term viability, safeguarding the integrity of the region's distinct ecosystems, and guaranteeing food security for their populations. A comprehensive understanding of the opportunities and challenges facing Baltic agriculture is impeded by a notable research deficiency concerning the intricate and distinct problems facing these nations. The use of indicators to assess economic sustainable agriculture indicators plays a pivotal role in guiding agricultural practices. By taking social and environmental variables into account, these metrics quantify the economic viability of farming. Consequently, these indicators empower policymakers and farmers alike to make well‐informed decisions, striking a balance between profitability and resource conservation, thereby contributing to the enduring sustainability of agriculture in the Baltic countries and beyond. Notably, a comprehensive assessment of economic sustainability in agriculture identified 31 indicators, which were refined to 9 through expert consensus using the Delphi method. Subsequently, the best worst method was applied to rank these indicators. The results indicate that investment intensity, diversification of income, agricultural labor productivity, and market access emerge as the most crucial indicators for ensuring economic sustainability in agriculture.