EFFICIENCY OF DAIRY CATTLE-BREEDING IN BULGARIA
Hrabrin Bachev, Dimitar Nikolov, Ivanka Yanakieva, Teodor Radev
Institute of Agricultural Economics,
125 Tzarigradsko shosse Blvd, Blok 1, 1113 Sofia, Bulgaria
radev1974@abv.bg
The high degree of uncertainty is a feature of modern business environment where firms, especially farms face with new challenges. In that situation farms should improve their management which is a permanent process. The main characteristics of farms at the managerial point is that the farmers make decision according to the rational combination of resources (land, labour and capital) and make production. On the farm various activities which con¬cern production of wheat, corn, potatoes, tomatoes, milk and meat can be implemented. These activities are called farm productions. The market of farm products functions nearly to the conditions of perfect competition. This limits the farmer’s decisions about production only with the type, place, time and amount which have to be produced. The farmer carries out two roles, he is both a grower and a manager. In crops the farmer is responsible for seeding, cultivating and irrigating and the pests control. In livestock the farmer breeds animals and keeps them healthy. The other farmer’s role as a manager is important for the good health of the farm. While agriculture requires agronomic and zootechnical knowledge, management can be defined as a process of making decisions. The farmer makes a choice between different crops and animals, according to available re¬sources and market conditions.
Keywords: farmer’s roles; farm management; gross margin; efficiency
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