PROFITABILITY GAP IN THE MILK PRODUCTION CHAIN: EVIDENCE FROM SERBIA

  • Stanislav Zekić, PhD University of Novi Sad, Faculty of Economics Subotica
  • Kristina Mijić, PhD University of Novi Sad, Faculty of Economics Subotica, Subotica
  • Dejan Jakšić, PhD University of Novi Sad, Faculty of Economics Subotica
  • Ivan Milenković, PhD University of Novi Sad, Faculty of Economics Subotica

Abstract

The main goal of this paper is to compare proftability of large dairies (processors) versus large milk producers, i.e. farms with 100 or more cows, organized as companies. Proftability is measured by following indicators: return on assets and return on equity. Proftability gap analyzis shows that milk processors achieved signifcantly higher proftability compared to cow breeders. Furthermore research results suggest that the existence of differences in the level of proftability among the participants in the milk production primarily affects capital turnover, and then the proft margin.

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Published
2016-04-30
How to Cite
ZEKIĆ, Stanislav et al. PROFITABILITY GAP IN THE MILK PRODUCTION CHAIN: EVIDENCE FROM SERBIA. Economics of Agriculture, [S.l.], v. 63, n. 2, p. 485-499, apr. 2016. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/228>. Date accessed: 24 oct. 2020. doi: https://doi.org/10.5937/ekoPolj1602485Z.
Section
Original scientific papers