Risk and profitability of animal and crop production in Slovak farms

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dc.contributor.authorTóth, Marián
dc.contributor.authorRábek, Tomáš
dc.contributor.authorBoháčiková, Andrea
dc.contributor.authorHolúbek, Ivan
dc.date.accessioned2017-02-09T08:07:06Z
dc.date.available2017-02-09T08:07:06Z
dc.date.issued2016
dc.description.abstract-translatedThe paper focuses on profitability and risk of crop and animal production based on an analysis of farms operating in Slovak Republic. The individual farm data used for the analysis are from the database of Ministry of Agriculture and Rural Development of the Slovak Republic. For our analysis, data were selected according to the farm production orientation to the subset of crop farms and animal farms. The selecting criterion for production orientation was the percentage share of revenues from crop production, or revenues from animal production from the overall revenues from own products and services. We analyse profitability of farms divided into groups based on the type of production into crop and animal farms (according to the share in sales from crop or animal production). Using descriptive statistics and portfolio theory we simulate the total farm profitability and volatility of animal and crop production in Slovakia. The modified Markowitz portfolio theory approach was used to estimate the total risk of portfolios of crop and animal farms. Based on the results we conclude that in the long run crop farms are profitable and profit from crop production is used to cover the losses from animal production in mixed farms. Farms focused on animal production only are efficient and profitable, but the profitability is lower in comparison with crop farms. Animal farms results are less volatile than crop farms. Large farms tend to production with lower value added and can generate enough profit for the owner.en
dc.format9 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.citationTrendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2016, č. 3, s. 12-20.cs
dc.identifier.issn1805-0603
dc.identifier.urihttp://www.fek.zcu.cz/tvp/doc/akt/3-2016-clanek-2.pdf
dc.identifier.urihttp://hdl.handle.net/11025/22504
dc.language.isoenen
dc.publisherZápadočeská univerzita v Plznics
dc.relation.ispartofseriesTrendy v podnikánícs
dc.rights© Západočeská univerzita v Plznics
dc.rights.accessopenAccessen
dc.subjectziskovostcs
dc.subjectrizikocs
dc.subjectrostlinná výrobacs
dc.subjectživočišná výrobacs
dc.subjectteorie portfoliacs
dc.subject.translatedprofitabilityen
dc.subject.translatedrisken
dc.subject.translatedcrop productionen
dc.subject.translatedanimal productionen
dc.subject.translatedportfolio theoryen
dc.titleRisk and profitability of animal and crop production in Slovak farmsen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen

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Číslo 3 (2016)
Číslo 3 (2016)