State owned large scale farm. Size and employment changes and financial evaluation for the period 1996-2005
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Keywords
:
company, return on assets, return on equity, work efficiency
Abstract
The paper aims to present the changes in the resources of the agricultural-based companies solely owned by the Agency of Agricultural Property that were listed in the List 300 ranking by Nowe Zycie Gospodarcze magazine in the years 1996-2005. Additionally, there was also conducted the ratio-based assessment of their economic and financial performance. Although the analyzed firms are limited liability companies, their activity in majority is not purely commercial due to the breeding of agricultural plants and animals being of state-strategic interest. In the analyzed years these companies owned more agricultural land comparing to companies being in other legal and organizational forms. Within analyzed group there was also observed differentiation of area and quality of agricultural land due to the production profile. The employment was decreasing; however it was high with comparison to other ranked firms, which is due to the specific of performed activities. Moreover the plant breeding companies were characterized by higher profitability of market activity and profitability of assets ratios comparing to those specialized in animal breeding. However taking into account the production profile the capital profitability and value added ratios did not vary.
Article Details
How to Cite
Grontkowska, A. (2007). State owned large scale farm. Size and employment changes and financial evaluation for the period 1996-2005. Annals of Agricultural Economics and Rural Development, 94(1), 66–73. https://doi.org/10.22630/RNR.2007.94.1.7
References
Guzewicz W., Kagan A., Osuch D., Zdzieborska M. 2005: Wyniki produkcyjno-ekonomiczne wielkoobszarowych gospodarstw powstałych z majątku byłych pgr (lata 2001-2004 i zamierzenia na rok 2005). IERiGŻ-PIB Warszawa.
Lista 3000. Nowe Życie Gospodarcze 37/1997; 38/1998;39/1999;44/2000; dodatek do 21/2001; dodatek do 22/2002; dodatek do 20/2003; dodatek do 20/2004; dodatek do 22/2005; dodatek 22/2006.
Rozporządzenie MRiRW w sprawie wykazu spółek hodowli roślin uprawnych oraz hodowli zwierząt gospodarskich o szczególnym znaczeniu dla gospodarki narodowej Dz.U. 2003.80.726.
http://www.anr.gov.pl/pl/article/55602 pobrano 8.10.2007
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