ECONOMIC ANALYSIS OF CZECH, HUNGARIAN AND SLOVAK DAIRY FARMS

VAJDÁNÉ SZABÓ ILDIKÓ – POÓR JUDIT

Keywords: Keywords: dairy sector, structure of assets, investments, efficiency, debt ratio JEL-code: Q12

Teljes cikk
The aim of the international comparative analysis is to examine the milk production of three countries – Hungary, the Czech Republic and Slovakia – which are classified into a cluster in international publications based on their similar production characteristics. The study uses the Farm Accountancy Data Network (FADN) database to look for differences and similarities in the production, size and structure of assets, production efficiency and trends of dairy farms in these countries.
Their common characteristic is that the production value per total asset is high in all three countries, almost double the EU average. Within the fixed assets, the proportion of buildings is decisive, but shows a marked difference compared to the structure typical of the EU, where the land dominates. Due to the relatively high level of labour, the fixed assets per annual labour unit is 20-30% of the EU value. The structure of current assets is similar, and equity shows a higher growth rate than debt capital.
In the Czech Republic, development support was much higher than in either Hungary or Slovakia. The net investment on fixed assets was consistently positive in this country. Slovak labour use decreased significantly during the period under review but is still the highest in the EU. Hungary has the lowest unpaid labour unit on farms, and the lowest labour force per livestock unit is employed.
DOI: https://doi.org/10.53079/GAZDALKODAS.69.3.t.pp_220-241