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EN
In step with the European Union's new budget perspective for 2014-2020 changes will be taking place in the Common Agricultural Policy. One of these changes will be the liquidation of the system of milk production quotas. It is predicted that in the result of the liquidation of the quota system the production of milk on the EU market will grow, which is likely to lead to a decrease in its procurement price. The article marks an attempt at determining the future economic situation of dairy farms, which is certain to be affected by the indicated changes. Research was conducted on the basis of model farms specializing in milk production and representing different volumes of production. In order to determine the income situation of the examined farms in 2014 and 2020 definite assumptions relating to the future costs of production means, productivity and milk procurement prices were adopted. The results of the simulation have shown that between 2014 and 2020 the incomes of all the analysed farms will decrease. The greatest fall will be experienced by farms having the smallest herds of dairy cows. Their operation will be barely profitable. The rest of the analysed model farms may record in 2020 a decline in profitability of between 20% and 30% in comparison with 2014. Such situation will compel milk producers to take strategic decisions concerning the possibilities of their further operation.
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Wyniki ekonomiczne gospodarstw ekologicznych w Polsce

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EN
Based on empirical data set that most organic farms are not able to generate income that would guarantee the continuation of the market. The average value of agricultural income earned in those farms surveyed was 23 thousand zl. The share of payments from the agri-environmental programs is up 65%. In the study population there was a high percentage of subsistence and of the commodity does not exceed 20%. Analysis of financial results allowed us to estimate the actual value of the organic products market in Poland, which is about 330 million zl. We must prepare for a mechanism that would introduce to the market the organic products that are sold as conventional products.
EN
This analysis touches upon the problem of profitability in production, which has been related to sheep production carried out in mountainous conditions. The profitability of three model farms, which focus on sheep production for three different technologies, has been both analyzed and evaluated. By conducting their production for three different technologies, these farms gain diverse level of and structure of their final production. It has been established that the discussed models of farms are adequate to both mountainous areas and Southern Poland. The first model represents a farm with 40 ewes and 2 cows. This farm covers the area of 11,5 ha of arable land aimed at the production of feedstuff for animals fed all year round. The production in this farms is based on lambs and the so-called oscypek (smoked ewe’s milk cheese made in the Tatra Mountains). In contrast, the second model describes a farm, which covers the area of 5,3 ha, with 40 ewes and 1 cow. In this farm light lambs are sold for cutting, whereas ewes are put out to pasture during the summer season. The third farm covers the area of 27,1 ha with 100 ewes and 150 heavy lambs. The results of economic evaluation of the presented models of sheep breeding in mountains show low profitability of production. Only the first farm, which sells light lambs and produces oscypek, shows positive agricultural income. Negative agricultural income is achieved by farms that either put their sheep out to pasture or produce heavy lambs. The structure as well as the size of transfers acquired from the CAP show that the agricultural income, increased by extra money, is positive. The third-farm model, which is the largest and takes advantage of various payment forms, generates the highest income.
EN
Because of the observed global warming, growing early varieties of soybeans can be taken in moderate climate conditions, ie in Poland. The article presents yielding of soybean variety Merlin - the only mingled and inoculated with soil bacteria Rhizobia, based on the production results of three animal experimental farms, located in the western and warm belt of our country. Achieved varying levels of perceived yielding soybeans, as a protein source of non-GMO varieties. The range of the analysis was extended to compare the costs and profitability of soybean versus oilseed rape. Soybean advantage over rape results from the possibility of its use as a binding plants use nitrogen and acting as part of ecological greening.
EN
The main directions of improvement the management policy of enterprise financial results are considered in the article. An implementation of the efficiency estimation system of mutual relations with buyers and additional value calculation method on industrial enterprise is offered.
EN
Capital groups are formed to the owners of entities composing them to bring tangible benefits, among other things financial. They arise as a result of searching for new ways of development, increase efficiency and improve competitiveness in the market. This confirms the example described in the article of the Group functioning in the province of Lublin.Not all effects resulting from the consolidation shall be measurable, not all can be quickly noted, this article presents the profitability of the entity before and after the consolidation process.
EN
The paper presents the impact of specialization of farm producing pigs for slaughter on their economic performance. The main issue of the study was to show the dependence between family farm income, as well as income from pigs for slaughter production and the level of specialization. The results show, positive impact of farms specialization on economic results of these farms. Increase of the level of specialization implied increase of the family farm income, income from pigs for slaughter production and profitability of land and labour.
EN
The small enterprises' activities on the regional service's market (on the example of the Transcarpathian region) were analysed as well as features of the effective small business formation in conditions of market transformations of economy of the region. The economic and social efficiency of small enterprises on the regional market of services is assessed. Contradictions in activities of small enterprises are exposed on analysing the indices of their effectiveness.
EN
This paper uses quantitative modelling methods to assess the potential impact of the new capital requirements defined in Basel III and Capital Requirements Directive IV (CRD IV) on European banks. In our analysis we explore the impact of the higher capital requirements on the level of profitability of European banks. More specifically, we try to pinpoint which of the variables will have the most significance. Based on the results of our analysis which employs a simultaneous equations model on 594 banks operating in the European Union in the 2006 – 2011 periods, we conclude that higher capital requirements under the CRD IV proposal would cause a decrease in banks’ profitability accompanied by a drop in their risk taking. Additionally, we show that a higher level of capital held by banks would cause them to decrease their risky assets held relative to total assets.
Lud
|
2012
|
vol. 96
179-201
EN
The article deals with the phenomenon of richness among Polish farmers (inhabitants of the western part of Podlaskie voivodeship). Showing their attitude towards wealth and poverty the author argues that these days being wealthy might be a bigger social and cultural challenge for a farmer than being poor. Wealth is ambivalent; on the one hand almost all people would like to be richer than they are, and on the other, everybody tries to hide their assets because they know that their neighbours would consider them dishonest, as they themselves consider wealthy people. To their minds, richness and honesty cannot go hand in hand.The text also shows a peculiar way of using the word “profitability” by farmers, which is different from that used in a public discourse or in business. In order to seem not rich to one’s neighbours, one must count his or her money (both incomes and expenses) in a way which will guarantee that it is obvious for everyone that one does not belong to those wealthy but dishonest people. The author discusses the origins of such an attitude towards wealth and poverty and tries to show how it influences people’s actions and everyday strategies.
EN
The profitability of milk production is determined by the production volume on a farm, pricing, and incurred costs. The production volume directly corresponds to the milk-yield level of cows and herd size. These factors are characterised by a positive interrelation. The study reveals that an increase in the milk yield of cows stimulates income growth and, despite the higher costs of animal upkeep, it is connected with a more efficient usage of the workforce. Higher costs stem primarily from the introduction of highly-productive (genetically potent) specimens into the herd, and higher production intensity. The study revealed that the improvement in the milk yield of cows was related to a considerably larger proportion of purchased concentrate feeds in the animals’ feed ration, with a marked predomination of concentrates and compound feeds. In bulk feed, on the other hand, the highest proportion comprised silage and hay silage. Such feed facilitated an improvement in cow milk yield and also had a positive impact on milk production profitability. The growing volume of milk produced on a farm was accompanied by an increase in its price. As a consequence, the economic performance of milk production in holdings comprising fairly large herds of cows (around 30 cows) of high milk yield (approximately 7000 litres) was significantly more favourable than that of holdings with smaller herds and lower milk yield.
EN
The effects of nominal exchange rate fluctuations on profitability of domestic private firms and foreign-owned firms which operate in the Czech Republic are separately examined in the period from 1998 to 2006. The author finds out that exchange rate changes have diverse effects on the two sectors. Specifically, domestic private firms absorb exchange rate changes in their profit margins while foreign-owned firms are resistant against exchange rate changes. He ascribes the resistance of foreign-owned firms to transfer pricing strategies of multinationals. One determinant of a multinational company price strategy is different taxation in countries of its operation. That is the reason for concentration of gross profits in low taxed countries by manipulating intra-firm prices. As a result these optimization strategies have adverse effects on a macroeconomic level causing ineffectiveness of the exchange rate adjustment mechanism and distortions in both foreign trade and GDP statistics.
EN
The paper provides an overview and description of the Chinese economy in recent decades, taking into account the specifics of China’s economic policy. The business activity of one of the most successful transnational Chinese company – Lenovo – was investigated in the paper. The article presents and analyzes the main business strategies that helped Lenovo to win in a short time competitive positions in the market of electronic equipment, gadgets and software products, not only on the national, but also on the world market. Particular attention in the study is given to the analysis of the company’s financial performance by business groups and geographical units; the main indicators of the financial effectiveness of the company’s business strategies; the effectiveness of the company’s use of production resources is illustrated. Also, the paper analyzes the composition and elements of the global value chain formed by the company to realize competitive advantages and retain competitive positions in the world market.
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