Economic profitability and ecological justification of buckwheat cultivation in the Republic of Serbia

Sredojević, Zorica and Kljajić, Nataša and Arsić, Slavica (2020) Economic profitability and ecological justification of buckwheat cultivation in the Republic of Serbia. Scientific Papers Series Management, Economic Engineering in Agriculture and Rural Development, 20 (3). pp. 571-577. ISSN 2284-7995

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Abstract

The subject of research in this paper is the production of buckwheat on family farms in the Republic of Serbia. The main goal is to look at the situation, assess the economic effects of buckwheat cultivation, as well as the possibilities of improvement and greater representation of this production. Data were collected through a survey / interview with producers, from the websites of farms and institutions. Based on the buckwheat production technology, a calculation was made for one production cycle and important economic indicators were determined: production value, total costs, financial result, cost price, economy, and accumulation rate. These indicators are compared between conventional and organic production. The results show that buckwheat production is economically justified from the producer's point of view, but better effects are achieved by organic production.

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