RESEARCH PAPER
ECONOMIC VIABILITY BY FARM SIZE OF ESTONIAN FAMILY FARMS
Maire Nurmet 1  
,  
Raul Omel 1  
 
 
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Estonian University of Life Sciences
CORRESPONDING AUTHOR
Maire Nurmet   

Estonian University of Life Sciences
Publication date: 2020-03-16
Submission date: 2019-11-21
Final revision date: 2020-02-09
Acceptance date: 2020-02-18
 
Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economics 2020;362(1):14–28
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ABSTRACT
Small farms are subject to a wide range of influences on their viability including economic, policy and regulatory drivers as well as internal farm household drivers of change. Small farms have experienced a decline in numbers compared to large farms. The main task of the paper is to determine the share of viable farms of different size groups in Estonia, exploring the factors that are associated with economically viable farms. For determination of the share of viable farms of different size groups the opportunity-cost-based approach is used. Farm viability is estimated by using the data from the Estonian Farm Accounting Data Network. The results indicate that the economic viability of Estonian farms has slightly increased, but the share of viable farms has decreased. Smaller farms’ economic viability is declining, many of them are economically vulnerable. Smaller farms’ capability to survive and develop by using the available resources is lower compared to larger farms.
eISSN:2392-3458
ISSN:0044-1600