Analysis of costs related to buildings, machinery and equipment based on FADN data

Ivanović, Sanjin and Todorović, Saša and Nastić, Lana (2023) Analysis of costs related to buildings, machinery and equipment based on FADN data. In: Proceedings of 6th International Symposium on Agricultural Engineering - ISAE 2023. University of Belgrade, Faculty of Agriculture, Belgrade, pp. 444-454. ISBN 978-86-7834-427-5

Text Ivanović S, Todorović S, Nastić L. - ISAE (2023).pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (626kB)

Abstract

Successful agricultural production requires appropriate fixed assets, while investments in their improvement and modernization are necessary for long term sustainability of agricultural holdings. As a consequence, costs related to fixed assets have significant share in total costs (total input) of farm activity. This research primarily analyzes costs related to buildings, machinery and equipment. As a base for the research FADN methodology is applied as well as EU FADN public database as a source of data. Within the analysis authors primarily discussed elements of Total faming overhead (SE336), such as Machinery and building current costs (SE340), Energy (SE345) and Contract work (SE350). Above mentioned FADN indicators cover variety of costs, such as costs of current upkeep of machinery and buildings, costs of fuel and electricity and costs linked to the hire of machinery, among others. Costs are discussed and compared for 14 farm types in the EU (TF14 classification of farms is applied). The results of the analysis enabled better insight and understanding of costs related to machinery, equipment and buildings in agricultural production of the EU, while the conclusions could be useful for Serbian agricultural holdings, as well.

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