THE ECONOMICS OF PLUM PRODUCTION ON SMALL FARMING HOUSEHOLDS

Authors

  • Radivoj Prodanović
  • Dragan Ivanišević
  • Miralem Jahić
  • Mansur Kharud

Abstract

The aim of this paper is to calculate economic indicators in plum
production, namely: profitability, cost-effectiveness and productivity of labor,
and determine whether this production is economically viable. The profitability
analysis and the calculation of other economic indicators relate to the period
from 2014 to 2016. The highest profit in the production of plums was achieved
in 2015, amounting to 5250 €/ha, in 2016: 3897.24 €/ha, and the lowest
in 2014, when it was only 1800 €/ha. Plum production is profitable, and the
coefficients show that the amounts of 209 RSD (in 2016), 107 RSD (in 2014)
and 250 RSD (in 2015) dinars were gained for every 100 dinars invested in
production. The coefficients ofcost-effectiveness were as follows: 3.5 (in 2015),
3.09 (in 2016) and 2.07 (in 2014) show that the production of plums is
economically viable. The productivity of labor in the production of plums was
approximately the same in the observed period, i.e., for each 1 euro of invested
work, 72 to 77 kg of plum have been produced.

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Published

04/20/2022

How to Cite

Prodanović, R., Ivanišević, D., Jahić, M., & Kharud, M. (2022). THE ECONOMICS OF PLUM PRODUCTION ON SMALL FARMING HOUSEHOLDS. Ekonomija - Teorija I Praksa, 10(2). Retrieved from https://casopis.fimek.edu.rs/index.php/etp/article/view/11

Issue

Vol. 10 No. 2 (2017): Economics - Theory and Practice

Section

Original scientific work

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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