Features of Formation and Use of Production Resources by Small Farms in Ukraine
It is proved that the effective development of small farms is ensured by the level of their resource supply and the balance of production resources, the efficiency of which we have been carried out on the basis of the calculation of allocative and technical efficiency. According to the obtained equa...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2019-11-01
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| Series: | Visegrad Journal on Bioeconomy and Sustainable Development |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/vjbsd-2019-0013 |
| _version_ | 1818792262007521280 |
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| author | Varchenko Olga Myronivna Tkachenko Kateryna Vitalyivna Byba Valentyna Anatolyivna Svynous Nadiia Ivanivna |
| author_facet | Varchenko Olga Myronivna Tkachenko Kateryna Vitalyivna Byba Valentyna Anatolyivna Svynous Nadiia Ivanivna |
| author_sort | Varchenko Olga Myronivna |
| collection | DOAJ |
| description | It is proved that the effective development of small farms is ensured by the level of their resource supply and the balance of production resources, the efficiency of which we have been carried out on the basis of the calculation of allocative and technical efficiency. According to the obtained equation of production function, we conclude that the most elastic factor is the cost of seeds, fertilizers, feed and other material costs. An increase of this resource by 1% will lead to an increase in the result by 0.395%. The smallest value of the coefficient of elasticity was obtained from such production resource as arable land. The obtained model shows that there is a decreasing effect on the scale, since the sum of the regression coefficients is less than 1 (equal to 0.962), which means that if the resources increase in some proportion, then the volumes of revenue increase in a smaller proportion. It is substantiated that allocative inefficiency is caused not by the excessive use of resources in small farms, but by the higher prices for them and the underestimated agricultural output. |
| first_indexed | 2024-12-18T15:24:27Z |
| format | Article |
| id | doaj.art-6c2b1ef816e445f9bf9c2b8016583ad8 |
| institution | Directory Open Access Journal |
| issn | 1339-3367 |
| language | English |
| last_indexed | 2024-12-18T15:24:27Z |
| publishDate | 2019-11-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Visegrad Journal on Bioeconomy and Sustainable Development |
| spelling | doaj.art-6c2b1ef816e445f9bf9c2b8016583ad82022-12-21T21:03:18ZengSciendoVisegrad Journal on Bioeconomy and Sustainable Development1339-33672019-11-0182697410.2478/vjbsd-2019-0013vjbsd-2019-0013Features of Formation and Use of Production Resources by Small Farms in UkraineVarchenko Olga Myronivna0Tkachenko Kateryna Vitalyivna1Byba Valentyna Anatolyivna2Svynous Nadiia Ivanivna3Bila Tserkva National Agrarian UniversityBila Tserkva National Agrarian UniversityBila Tserkva National Agrarian UniversityBila Tserkva National Agrarian UniversityIt is proved that the effective development of small farms is ensured by the level of their resource supply and the balance of production resources, the efficiency of which we have been carried out on the basis of the calculation of allocative and technical efficiency. According to the obtained equation of production function, we conclude that the most elastic factor is the cost of seeds, fertilizers, feed and other material costs. An increase of this resource by 1% will lead to an increase in the result by 0.395%. The smallest value of the coefficient of elasticity was obtained from such production resource as arable land. The obtained model shows that there is a decreasing effect on the scale, since the sum of the regression coefficients is less than 1 (equal to 0.962), which means that if the resources increase in some proportion, then the volumes of revenue increase in a smaller proportion. It is substantiated that allocative inefficiency is caused not by the excessive use of resources in small farms, but by the higher prices for them and the underestimated agricultural output.https://doi.org/10.2478/vjbsd-2019-0013small farmstechnical and allocative efficiencyproduction resources |
| spellingShingle | Varchenko Olga Myronivna Tkachenko Kateryna Vitalyivna Byba Valentyna Anatolyivna Svynous Nadiia Ivanivna Features of Formation and Use of Production Resources by Small Farms in Ukraine Visegrad Journal on Bioeconomy and Sustainable Development small farms technical and allocative efficiency production resources |
| title | Features of Formation and Use of Production Resources by Small Farms in Ukraine |
| title_full | Features of Formation and Use of Production Resources by Small Farms in Ukraine |
| title_fullStr | Features of Formation and Use of Production Resources by Small Farms in Ukraine |
| title_full_unstemmed | Features of Formation and Use of Production Resources by Small Farms in Ukraine |
| title_short | Features of Formation and Use of Production Resources by Small Farms in Ukraine |
| title_sort | features of formation and use of production resources by small farms in ukraine |
| topic | small farms technical and allocative efficiency production resources |
| url | https://doi.org/10.2478/vjbsd-2019-0013 |
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