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Profitability gap in the milk production chain: Evidence from Serbia
- Source :
- Ekonomika Poljoprivrede (1979), Vol 63, Iss 2, Pp 485-499 (2016)
- Publication Year :
- 2016
- Publisher :
- Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2016.
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Abstract
- The main goal of this paper is to compare profitability of large dairies (processors) versus large milk producers, i.e. farms with 100 or more cows, organized as companies. Profitability is measured by following indicators: return on assets and return on equity. Profitability gap analysis shows that milk processors achieved significantly higher profitability compared to cow breeders. Furthermore research results suggest that the existence of differences in the level of profitability among the participants in the milk production primarily affects capital turnover, and then the profit margin.
- Subjects :
- profitability
milk production
dairies
ROA
ROE
Agriculture
Subjects
Details
- Language :
- English, Serbian
- ISSN :
- 03523462 and 23348453
- Volume :
- 63
- Issue :
- 2
- Database :
- Directory of Open Access Journals
- Journal :
- Ekonomika Poljoprivrede
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.81b7af6d9f004083bcb65414d71f0922
- Document Type :
- article
- Full Text :
- https://doi.org/10.5937/ekoPolj1602485Z