Economic and Financial Sustainability Dependency on Subsidies: The Case of Goat Farms in Greece
| Autor: | Alexandra Pavloudi, Stamatis Aggelopoulos, Maria Tsiouni, Dario Siggia |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
animal diseases
Geography Planning and Development TJ807-830 010501 environmental sciences Management Monitoring Policy and Law TD194-195 01 natural sciences Variable cost Agricultural economics Renewable energy sources Family economy subsidies Production (economics) GE1-350 Fixed cost health care economics and organizations 0105 earth and related environmental sciences Sustainable development Principal Component Analysis sustainable development Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry 0402 animal and dairy science Subsidy 04 agricultural and veterinary sciences 040201 dairy & animal science Environmental sciences goat enterprises Agriculture Profitability index business financial indexes |
| Zdroj: | Sustainability, Vol 13, Iss 7441, p 7441 (2021) Sustainability Volume 13 Issue 13 |
| ISSN: | 2071-1050 |
| Popis: | Goat farming is an important production sector not only for Greece, but also for other Mediterranean countries, as it contributes to the family economy in rural areas. Despite the importance of goat farming, this sector has experienced economic difficulties due to poor management and increased production costs. The aim of our research is to determine goat farm profitability by surveying goat farmers for revenues, variable costs, and fixed costs of their farms. With the use of Principal Component Analysis, all economic factors contributing to overall production costs are examined, as well as their specific impacts on cost formulation. According to our results, goat farms in Greece are not profitable and they cannot survive without government subsidies. Farm economics and agricultural policies could be leveraged to improve community and environmental outcomes in order for farms to be economically and financially sustainable. |
| Databáze: | OpenAIRE |
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