Production and tendency in milk processing in Montenegro
Apstrakt
Production and processing of milk represents a very important sector of the agricultural industry of Montenegro. Milk production is performed primarily on family farms, from which a small percentage is further placed in processing facilities. In addition to favourable conditions for cattle rearing and milk production, production results are modest. ARIMA model was applied in order to forecast the quantities of cow's milk that will be collected and processed in 2019 into fermented dairy products and drinking milk. The observed and obtained data show the presence of seasonal and trend component in time series. Furthermore, the analysis highlighted the importance of milk processing on family farms, in addition to the need for investment in its improvement. The paper also analyzes investment support referring to the milk processing facilities in Montenegro.
Ključne reči:
milk / production / procession / investments / seasonal ARIMA modelsIzvor:
Ekonomika poljoprivrede, 2020, 67, 2, 391-404Izdavač:
- Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
Institucija/grupa
Poljoprivredni fakultetTY - JOUR AU - Joksimović, Miljan AU - Ivanović, Sanjin AU - Janković-Šoja, Svjetlana PY - 2020 UR - http://aspace.agrif.bg.ac.rs/handle/123456789/5461 AB - Production and processing of milk represents a very important sector of the agricultural industry of Montenegro. Milk production is performed primarily on family farms, from which a small percentage is further placed in processing facilities. In addition to favourable conditions for cattle rearing and milk production, production results are modest. ARIMA model was applied in order to forecast the quantities of cow's milk that will be collected and processed in 2019 into fermented dairy products and drinking milk. The observed and obtained data show the presence of seasonal and trend component in time series. Furthermore, the analysis highlighted the importance of milk processing on family farms, in addition to the need for investment in its improvement. The paper also analyzes investment support referring to the milk processing facilities in Montenegro. PB - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt T2 - Ekonomika poljoprivrede T1 - Production and tendency in milk processing in Montenegro EP - 404 IS - 2 SP - 391 VL - 67 DO - 10.5937/ekoPolj2002391J ER -
@article{ author = "Joksimović, Miljan and Ivanović, Sanjin and Janković-Šoja, Svjetlana", year = "2020", abstract = "Production and processing of milk represents a very important sector of the agricultural industry of Montenegro. Milk production is performed primarily on family farms, from which a small percentage is further placed in processing facilities. In addition to favourable conditions for cattle rearing and milk production, production results are modest. ARIMA model was applied in order to forecast the quantities of cow's milk that will be collected and processed in 2019 into fermented dairy products and drinking milk. The observed and obtained data show the presence of seasonal and trend component in time series. Furthermore, the analysis highlighted the importance of milk processing on family farms, in addition to the need for investment in its improvement. The paper also analyzes investment support referring to the milk processing facilities in Montenegro.", publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt", journal = "Ekonomika poljoprivrede", title = "Production and tendency in milk processing in Montenegro", pages = "404-391", number = "2", volume = "67", doi = "10.5937/ekoPolj2002391J" }
Joksimović, M., Ivanović, S.,& Janković-Šoja, S.. (2020). Production and tendency in milk processing in Montenegro. in Ekonomika poljoprivrede Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 67(2), 391-404. https://doi.org/10.5937/ekoPolj2002391J
Joksimović M, Ivanović S, Janković-Šoja S. Production and tendency in milk processing in Montenegro. in Ekonomika poljoprivrede. 2020;67(2):391-404. doi:10.5937/ekoPolj2002391J .
Joksimović, Miljan, Ivanović, Sanjin, Janković-Šoja, Svjetlana, "Production and tendency in milk processing in Montenegro" in Ekonomika poljoprivrede, 67, no. 2 (2020):391-404, https://doi.org/10.5937/ekoPolj2002391J . .