Lookup NU author(s): Professor Matthew Gorton
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As a result of the economic restructuring and political reforms undertaken during the 1990s, Hungary has a varied set of farm types that encompass a wide array of different sizes, degrees of capital intensity and forms of ownership. This article explores the performance of Hungarian farms and concludes that, in contrast to other Central and Eastern European (CEE) countries, the majority of commercially oriented farms are profitable. However, estimates are sensitive to the valuation of own land and labour inputs. From the application of factor and cluster analysis, eight clusters of farms are profiled and the most competitive group identified. While the most profitable cluster also has the highest mean farm size, farm consolidation should not be treated as a panacea for dealing with low agricultural returns in the region.
Author(s): Gorton M, Kovacs B, Mizik T, Davidova S, Ratinger T, Iraizoz B
Publication type: Article
Publication status: Published
Journal: Post-Communist Economies
Print publication date: 01/09/2003
ISSN (print): 1463-1377
ISSN (electronic): 1465-3958
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