Economic performance of wine production in EU: a multi-indicator comparative analysis Online publication date: Tue, 19-Mar-2024
by Aleksandra Figurek; Alkis Thrassou; Demetris Vrontis
J. for Global Business Advancement (JGBA), Vol. 16, No. 1, 2023
Abstract: This paper focuses on the specialised EU wine producers participating in the farm accountancy data network (FADN), and employs the FADN approach to perform a multi-indicator comparative examination of the income of European wine production. The research substantively contributes to the development of a more precise approach and suitable indicators that are requisite in measuring the economic performance of EU wine production. Specifically, the indicators of economic performance in wine production are farm net value added (FNVA), FNVA annual working unit (AWU), farm net income (FNI), and family farm income (FFI/FWU). The ratio between total production (total output) and the inputs used in production activities, such as intermediate consumption and particular expenses, is an indication of the overall productivity of an agricultural farm. FADN provides the opportunity to accomplish performance targets including monitoring the development of agricultural income and assessing how European policies affect agricultural firms.
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