Economic and Financial Aspects of Cabbage Production on the Family Farm

Subić, Jonel and Kljajić, Nataša (2023) Economic and Financial Aspects of Cabbage Production on the Family Farm. In: III international scientific conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 323-334. ISBN 978-86-6269-123-1

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Abstract

The paper primarily presents the production results of cabbage production research in the Republic of Serbia and then the research is focused on the economic and financial aspects of production on the selected family farm. Research is based on real data from practice, collected from cabbage producers in Glogonj place, which belongs to the territory of the city of Pančevo in the South Banat district, AP Vojvodina, Serbia. A calculation was made for one production cycle per unit of area and per unit of yield, as well as critical values that follow the production of cabbage in the open field. The research results showed that the total costs of cabbage production on a representative agricultural farm are relatively high and amount to 6,783.95 Euro/ha. However, with the realized income of 12,758.36 Euro/ha, the annual financial result is favorable and amounts to 5,974.40 Euro/ha. Cabbage yields or prices can drop by 53.2% while production still generates a positive financial result. The economic and financial results of the research are outstanding and show that cabbage production in this part of Serbia is extraordinarily profitable.

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