The income-assets relationship for farms operating under selected models in Poland
The aim of this paper is to outline the relationship between income and assets when taking into account selected models of farms' functioning. The following farm models are examined: traditional, industrial, sustainable, and organic. Panel models were used that were based on the results of indi...
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| Format: | Article |
| Language: | English |
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Czech Academy of Agricultural Sciences
2022-01-01
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| Series: | Agricultural Economics (AGRICECON) |
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| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-202202-0003_the-income-assets-relationship-for-farms-operating-under-selected-models-in-poland.php |
| _version_ | 1797899949327777792 |
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| author | Aleksander Grzelak |
| author_facet | Aleksander Grzelak |
| author_sort | Aleksander Grzelak |
| collection | DOAJ |
| description | The aim of this paper is to outline the relationship between income and assets when taking into account selected models of farms' functioning. The following farm models are examined: traditional, industrial, sustainable, and organic. Panel models were used that were based on the results of individual unpublished data for farms in Poland that undertook agricultural accounting according to the Farm Accounting Data Network (FADN) principles from 2004 to 2019. It was found that industrial farms had the clearest income-assets relationship, while traditional farms had the least clear relationship. The value of land, as a component of assets, was found to weaken the income-assets relationship. In consequence, the value of assets increased faster than income. Thus, the farmers are becoming wealthier in terms of the value of their assets, but this is not reflected in their income. |
| first_indexed | 2024-04-10T08:37:00Z |
| format | Article |
| id | doaj.art-6794d9bb98e048d184089364eb2ece02 |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-10T08:37:00Z |
| publishDate | 2022-01-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-6794d9bb98e048d184089364eb2ece022023-02-23T03:25:37ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952022-01-01682596710.17221/361/2021-AGRICECONage-202202-0003The income-assets relationship for farms operating under selected models in PolandAleksander Grzelak0Department of Macroeconomics and Agricultural Economics, Institute of Economics, Poznań University of Economics and Business, Poznań, PolandThe aim of this paper is to outline the relationship between income and assets when taking into account selected models of farms' functioning. The following farm models are examined: traditional, industrial, sustainable, and organic. Panel models were used that were based on the results of individual unpublished data for farms in Poland that undertook agricultural accounting according to the Farm Accounting Data Network (FADN) principles from 2004 to 2019. It was found that industrial farms had the clearest income-assets relationship, while traditional farms had the least clear relationship. The value of land, as a component of assets, was found to weaken the income-assets relationship. In consequence, the value of assets increased faster than income. Thus, the farmers are becoming wealthier in terms of the value of their assets, but this is not reflected in their income.https://agricecon.agriculturejournals.cz/artkey/age-202202-0003_the-income-assets-relationship-for-farms-operating-under-selected-models-in-poland.phpagriculturecommon agricultural policy (cap)economic situationpanel modelswealth effect |
| spellingShingle | Aleksander Grzelak The income-assets relationship for farms operating under selected models in Poland Agricultural Economics (AGRICECON) agriculture common agricultural policy (cap) economic situation panel models wealth effect |
| title | The income-assets relationship for farms operating under selected models in Poland |
| title_full | The income-assets relationship for farms operating under selected models in Poland |
| title_fullStr | The income-assets relationship for farms operating under selected models in Poland |
| title_full_unstemmed | The income-assets relationship for farms operating under selected models in Poland |
| title_short | The income-assets relationship for farms operating under selected models in Poland |
| title_sort | income assets relationship for farms operating under selected models in poland |
| topic | agriculture common agricultural policy (cap) economic situation panel models wealth effect |
| url | https://agricecon.agriculturejournals.cz/artkey/age-202202-0003_the-income-assets-relationship-for-farms-operating-under-selected-models-in-poland.php |
| work_keys_str_mv | AT aleksandergrzelak theincomeassetsrelationshipforfarmsoperatingunderselectedmodelsinpoland AT aleksandergrzelak incomeassetsrelationshipforfarmsoperatingunderselectedmodelsinpoland |