Struktura kapitału w gospodarstwach trzodowych o różnej wielkości ekonomicznej
The capital structure in pigs holdings of different economic size
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2009, vol., nr 76, s. 41-51
Abstract
The paper aims to present the capital structure in pigs holdings of different economic size. A research was made in the holdings which produced 100 and more porkers per year and accordingly participated in Farm Data Accountancy Network in years 2004–2006. Holdings were divided into the two groups in accordance to the economic size (large and very large). It results from the research that holdings of different economic size differed in their efficiency of land, labor, capital and level of net debt. In the first group share of loan capital amounted to 17.0% but in second one– to 23.0%. As for the structure of loans, the majority of them were long and medium- term ones. These loans were fully secured with fixed assets. Loan capital led to the efficiency of own capital, especially in case of larger holdings. This group was characterized with higher labor efficiency and fixed assets, and more financial means was invested