Farm Accountancy Data Network as a Tool for Measuring Efficiency of Applied New Technologies in Agriculture

Vasiljević, Zorica and Kovačević, Vlado and Stanković, Slađan (2016) Farm Accountancy Data Network as a Tool for Measuring Efficiency of Applied New Technologies in Agriculture. In: Proceedings of the 152nd EAAE Seminar Emerging Technologies and the Development of Agriculture. Serbian Association of Agricultural Economists ; Institute of Agricultural Economics ; Faculty of Economics, Belgrade ; Subotica, pp. 138-152. ISBN 978-86-6269-052-4

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Abstract

The aim of the paper is to determine potential use of Farm Accountancy Data Network (FADN) as a tool for measuring efficiency of new technologies in agribusiness sectorin EU and Serbia. The paper provides a broader context for understanding the concept of new technologies as a Precision Agriculture and Smart Agriculture. Effective system for measuring results of applied new technologies in agriculture is analyzed in this paper both at the level of individual farms and agrarian policy. FADN is the accountancy system uniform for all EU countries. As the FADN has same methodology in collecting and processing data for all EU countries, results are comparable for all EU countries and candidate countries. Serbia has started with FADN introduction in 2011 and an efficient system has been established so far. Results of the paper are showing that FADN can be excellent tool for measuring effects of the new technologies’ application. The FADN data as e.g. the used working unit (AWU), fixed capital, variable expense, yields per hectare, profit margin can be used as indicators for effectiveness of the new applied technologies. In this paper there are suggested some new indicators which could be included within the FADN.

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