Forecasting wheat and corn production in Republic of Srpska and Bosnia and Herzegovina

Nedeljković, Miroslav and Krstić, Boro (2019) Forecasting wheat and corn production in Republic of Srpska and Bosnia and Herzegovina. In: Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region : sustainability and multifunctionality. Institute of Agricultural Economics, Belgrade, pp. 540-556. ISBN 978-86-6269-067-8

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Abstract

The aim of the authors was to create an adequate model for forecasting the production of wheat and corn in Republic of Srpska and throughout B&H based on the twenty-two-year time series (1996-2017) by applying the trend analysis and other quantitative methods of research. After selecting a square model, as the most appropriate model, an analysis of movement tendency of basic production indicators of the observed crop cultures was carried out. The forecast was carried out for a five-year period (2018-2022). The results showed that wheat in the next five-year period (2018-2022) will show a decrease in production in Republic of Srpska, and an increase in the whole of B&H. Wheat yield will grow in both Republic Srpska and B&H. In the prediction period, there will be a decline in production and yield of corn. The contribution of this research is reflected in making timely and rational decisions concerning the further development of crop production and agriculture.

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