Mykhailo Arych

Institute of Economics and Management,

National University of Food Technologies,

Ukraine

mykhailo.arych@gmail.com 

ORCID 0000-0002-0910-2332

The farming costs (including insurance) of the agricultural holdings in the European Union

Iuliia Kuievda

Department of Electrical Power Supply and Energy Management,

National University of Food Technologies,

Ukraine

julika@gmail.com

ORCID 0009-0001-6630-1215

Marek Dvořák

Faculty of Economics and Management,

Czech University of Life Sciences,

Czechia

dvorakmarek@pef.czu.cz 

ORCID 0000-0003-3731-2633

Jana Hinke

Faculty of Economics and Management,

Czech University of Life Sciences,

Czechia

hinke@pef.czu.cz

ORCID 0000-0001-6767-1253

Abstract. The paper is devoted to exploring the farming costs (including insurance) indicators of the agricultural enterprises in the European Union. The analysis employs the box plot methodology that provides a five-number summary for a set of data.  In this paper, we analyse the evidence of interconnection between the indicators of efficiency and competitiveness and insurance costs regarding food market security. This research discusses the dynamic changes of the absolute value of farming costs (including insurance) indicators and different relative indicators derived from the original one for the agricultural enterprise holdings in the European Union for the period of 2004-2019. The results show that farming costs (including insurance) indicators of the agricultural holdings should be considered as an instrument for providing food market security. Based on these research results, we are going to further explore the impact of insurance on the food market security. In addition, these research results could help to clarify the difference between EU countries and dynamic changes in farming costs (including insurance) indicators of agricultural holdings.

Received: June, 2022

1st Revision: November, 2022

Accepted: March, 2023

DOI: 10.14254/2071-8330.2023/16-1/13

JEL Classification: G22, L66, Q12, Q14, Q18

Keywords: agricultural holdings, farming costs, insurance, competitiveness, European Union