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To compare the economics of different systems of organic tomato production, two models were created, one assuming outdoor production, and the other representing production in a protected area under a greenhouse, based on the data obtained through interviews with organic tomato producers from Vojvodina. The cost and sensitivity analysis revealed that the greenhouse model yields better results overall (a financial result of €273/100 m2 compared to €58/100 m2), despite the higher costs due to amortization, interest and costs related to the higher yield obtained. The production model also showed less dependence on the change in organic tomato yield and price, as well as key cost groups and post-harvest losses, which in both cases were mediated by growing coriander as an intercrop. This research improves the knowledge of the economics of organic tomato cultivation and at the same time proposes a methodology to analyze the economic impact of other organic productions. [ABSTRACT FROM AUTHOR]

Different capital structures and their impact on firm performance are one of the most studied topics in the finance literature. This study is an attempt to assess the impact of financial structure on profitability of agricultural enterprises in the Republic of Serbia, with the aim of evaluating the importance and nature of the contribution of the total, short-term and long-term aspects of debt to the success of the company. The financial performance of the selected sample of 38 medium and large agricultural enterprises in the Republic of Serbia was analysed in the period from 2018 to 2021. The findings of this paper indicate that total debt and short-term debt significantly determine the return on equity, while the effect of long-term debt is insignificant. The nature of the impact of all three aspects of financial structure is negative. The inclusion of size and growth of sales in the regression models showed that only annual sales growth significantly positively determines profitability. [ABSTRACT FROM AUTHOR]

A large number of studies have been conducted examining certain aspects of the financial situation of agricultural enterprises in the Republic of Serbia. However, the overall situation of these companies has rarely been the subject of analysis in previous studies. Therefore, this paper represents an attempt to comprehensively assess the financial conditions of large and medium-sized agricultural enterprises in the Republic of Serbia. Three models (Emerging market scoring, DF Indicator and G-Index) were used to analyse the key areas of financial security (liquidity and debt) and business success of 38 agricultural enterprises in the period from 2017 to 2021. By classifying the total values recorded into zones of financial health, an assessment of their overall position was made. The companies studied at the group level showed a satisfactory financial situation, due to favourable performance in individual cases, while the majority of enterprises were at risk in all business dimensions studied, with the exception of debt. During the analysis period, most of the companies under review recorded low liquidity, which was often accompanied by low profitability. The results of this work provide an insight into the key specifics of the activity of agricultural companies from the point of view of financial analysis and, in this sense, represent an important additional tool in the process of their management, but also contribute to creating an adequate basis for comparison with other business activities in the Republic of Serbia. [ABSTRACT FROM AUTHOR]