Regional dimension of production factor costs in Bulgarian Agriculture

The paper analyses and evaluates the economic factors shaping the production factors cost in agricultural holdings in the six territorial regions of Bulgaria. It examines the changes in the composition, structure and dynamics of production factor costs - total and more types, as well as their dependence on net income and subsidies. The largest growth was achieved in the rent paid for rented land, followed by the wage paid for labour and interest paid for rented capital. There is a significant growth of factor costs in the regions specialised in fieldcrops cultivation - mainly due to rent costs, while in the regions with diversified production, wage costs prevail. Increased input costs reduce net income, making farms more dependent on public support. The analysis can assist regional farm managers and public authorities.

Authors

Publication Details

Journal
Izvestia Journal of the Union of Scientists - Varna Economic Sciences Series
Published
2024-10-01
DOI
https://doi.org/10.56065/ijusv-ess/2024.13.1.156
Primary Topic
Global Trade and Competitiveness
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Regional dimension of production factor costs in Bulgarian Agriculture

Damyan Kirechev
1 links
Izvestia Journal of the Union of Scientists - Varna Economic Sciences Series
Global Trade and Competitiveness
article

Regional dimension of production factor costs in Bulgarian Agriculture

Damyan Kirechev
article en

Abstract

The paper analyses and evaluates the economic factors shaping the production factors cost in agricultural holdings in the six territorial regions of Bulgaria. It examines the changes in the composition, structure and dynamics of production factor costs - total and more types, as well as their dependence on net income and subsidies. The largest growth was achieved in the rent paid for rented land, followed by the wage paid for labour and interest paid for rented capital. There is a significant growth of factor costs in the regions specialised in fieldcrops cultivation - mainly due to rent costs, while in the regions with diversified production, wage costs prevail. Increased input costs reduce net income, making farms more dependent on public support. The analysis can assist regional farm managers and public authorities.

Izvestia Journal of the Union of Scientists - Varna Economic Sciences SeriesVol. 13(1)
Openalex Percentile: Top 51%
Global Trade and Competitiveness
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.