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The Impact of Agricultural Investments on the Economic Efficiency of Production Factors: An Empirical Study of the Wielkopolska Voivodeship

cris.lastimport.scopus2025-10-23T06:56:16Z
cris.virtual.author-orcid0000-0002-0826-8461
cris.virtual.author-orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.author-orcid19625d6f-df12-44a2-bad3-d2c69c601b0f
cris.virtualsource.author-orcid5d5372a2-648c-4e65-be59-5c773f96f010
dc.abstract.enThe functioning and development of each economic entity requires the implementation of investments. In the case of farms in Poland, which are characterised by structural problems and a lack of capital, it is essential to undertake investment activities of a modern nature. The main objective of this research was to assess agricultural investments made in farms, considering the example of the Wielkopolska Voivodship in Poland, from the point of view of their impacts on changes in the economic efficiency of production factors. The data source was unpublished individual data from the agricultural accounting “Polish FADN” results for all farms in the Wielkopolska Voivodship who had continuously participated in the data collection system from 2009 to 2021. The project’s complexity was determined by measuring the scale of investments, relating the sum of investment expenditures to the average annual value of fixed assets (reduced by land value). Farmers endowed with a greater asset base had the ability to invest more comprehensively (i.e., in their most desirable scale regarding the value of possessed fixed assets) in a manner primarily concerning the value of fixed assets, especially the agricultural area, as a primary agricultural production factor. In terms of the effects of differentiating the scale of investment outlays (which was the aim of the study), a better initial state allowed farms to increase their area significantly, with an average annual rate of change of 3%. On the other hand, a lack of investment led to the decapitalisation of assets (−6.7% per year), which also concerned land sales (−1.5% per year). These research results indicate that not only does the undertaking of investments, in general, impact the development possibilities of farms—and, therefore, improvements in the resource situation of farms—but also the scale of investment (with respect to the value of possessed fixed assets).
dc.affiliationWydział Ekonomiczny
dc.affiliation.instituteKatedra Ekonomii i Polityki Gospodarczej w Agrobiznesie
dc.contributor.authorCzubak, Wawrzyniec
dc.contributor.authorPawłowski, Krzysztof Piotr
dc.date.access2025-01-21
dc.date.accessioned2025-01-21T11:54:53Z
dc.date.available2025-01-21T11:54:53Z
dc.date.copyright2024-12-05
dc.date.issued2024
dc.description.abstract<jats:p>The functioning and development of each economic entity requires the implementation of investments. In the case of farms in Poland, which are characterised by structural problems and a lack of capital, it is essential to undertake investment activities of a modern nature. The main objective of this research was to assess agricultural investments made in farms, considering the example of the Wielkopolska Voivodship in Poland, from the point of view of their impacts on changes in the economic efficiency of production factors. The data source was unpublished individual data from the agricultural accounting “Polish FADN” results for all farms in the Wielkopolska Voivodship who had continuously participated in the data collection system from 2009 to 2021. The project’s complexity was determined by measuring the scale of investments, relating the sum of investment expenditures to the average annual value of fixed assets (reduced by land value). Farmers endowed with a greater asset base had the ability to invest more comprehensively (i.e., in their most desirable scale regarding the value of possessed fixed assets) in a manner primarily concerning the value of fixed assets, especially the agricultural area, as a primary agricultural production factor. In terms of the effects of differentiating the scale of investment outlays (which was the aim of the study), a better initial state allowed farms to increase their area significantly, with an average annual rate of change of 3%. On the other hand, a lack of investment led to the decapitalisation of assets (−6.7% per year), which also concerned land sales (−1.5% per year). These research results indicate that not only does the undertaking of investments, in general, impact the development possibilities of farms—and, therefore, improvements in the resource situation of farms—but also the scale of investment (with respect to the value of possessed fixed assets).</jats:p>
dc.description.accesstimeat_publication
dc.description.bibliographyil., bibliogr.
dc.description.financeother
dc.description.financecost13281,92
dc.description.if3,3
dc.description.number12
dc.description.points100
dc.description.versionfinal_published
dc.description.volume14
dc.identifier.doi10.3390/agriculture14122217
dc.identifier.issn2077-0472
dc.identifier.urihttps://sciencerep.up.poznan.pl/handle/item/2393
dc.identifier.weblinkhttps://www.mdpi.com/2077-0472/14/12/2217
dc.languageen
dc.relation.ispartofAgriculture (Switzerland)
dc.relation.pagesart. 2217
dc.rightsCC-BY
dc.sciencecloudnosend
dc.share.typeOPEN_JOURNAL
dc.subject.enfarms in Poland
dc.subject.eninvestments in farms
dc.subject.enfarm development
dc.subject.enproduction factors
dc.subject.enFADN
dc.subject.enWielkopolska Voivodeship
dc.titleThe Impact of Agricultural Investments on the Economic Efficiency of Production Factors: An Empirical Study of the Wielkopolska Voivodeship
dc.title.volumeSpecial Issue: Productivity and Efficiency of Agricultural and Livestock Systems
dc.typeJournalArticle
dspace.entity.typePublication
oaire.citation.issue12
oaire.citation.volume14
project.funder.namePublikację sfinansowano ze środków Ministerstwa Nauki i Szkolnictwa Wyższego w ramach Strategii Uniwersytetu Przyrodniczego w Poznaniu w latach 2024-2026 w zakresie doskonalenia badań naukowych i prac rozwojowych w priorytetowych obszarach badawczych.