Albornoz, Rolan (Izhevsk State Agricultural Academy)
Kontsevaya, Svetlana (Izhevsk State Agricultural Academy)
Smutka, Luboš; ORCID: 0000-0001-5385-1333 (Faculty of Economics and Management, Czech University of Life Sciences)
METHODOLOGY FOR ESTIMATION THE EFFICIENCY OF AGRICULTURAL LAND IN RUSSIAN FEDERATION
Economic Sciences for Agribusiness and Rural Economy, 2021, vol., nr 5, s. 56-61
Paper devoted estimation of the efficiency of agricultural land in the Russian Federation. Land is the main production factor in agriculture, hence it is important to know the effective usage of land. Land efficiency could be evaluated in different ways. In this paper, it was suggested to use as factors – feed units received from 1 ha arable land, amount of growing production in fair price in 1 ha, gross and net profit per 1 ha. Also, methodology suggested calculating potential yield and the potential cost of arable land, using a score of soil quality. The paper aims to suggest a methodology of economic efficiency. Case study base on agricultural company Kolos, Russia.