Nastić, Lana

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orcid::0000-0003-1939-0718
  • Nastić, Lana (7)
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Author's Bibliography

Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe

Nastić, Lana; Ivanović, Sanjin; Marković, Todor

(Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2020)

TY  - JOUR
AU  - Nastić, Lana
AU  - Ivanović, Sanjin
AU  - Marković, Todor
PY  - 2020
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/5482
AB  - Tsigai is an indigenous sheep breed present in entire Central and South-East Europe. Due to its low meat and milk production number of Tsigai sheep is in a sharp decline. But, there is a strong need to preserve valuable genetic resources of this breed. Therefore, the goal of this research is to evaluate economic performance of Tsigai breeding and to define strategies for its future use. In the paper profitability of Tsigai breeding is determined as well as economic efficiency of investments in Tsigai farms (using Net Present Value and Internal Rate of Return). To perform the analysis in risky circumstances authors applied sensitivity and decision tree approach. The results indicated that breeding of Tsigai sheep requires state subsidies to be profitable and economically efficient. Decision tree approach resulted in calculation of expected NPV. Investments in Tsigai farms proved to be economically efficient, but associated with high level of risk.
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe
EP  - 188
IS  - 1
SP  - 175
VL  - 67
DO  - 10.5937/ekoPolj2001175N
ER  - 
@article{
author = "Nastić, Lana and Ivanović, Sanjin and Marković, Todor",
year = "2020",
abstract = "Tsigai is an indigenous sheep breed present in entire Central and South-East Europe. Due to its low meat and milk production number of Tsigai sheep is in a sharp decline. But, there is a strong need to preserve valuable genetic resources of this breed. Therefore, the goal of this research is to evaluate economic performance of Tsigai breeding and to define strategies for its future use. In the paper profitability of Tsigai breeding is determined as well as economic efficiency of investments in Tsigai farms (using Net Present Value and Internal Rate of Return). To perform the analysis in risky circumstances authors applied sensitivity and decision tree approach. The results indicated that breeding of Tsigai sheep requires state subsidies to be profitable and economically efficient. Decision tree approach resulted in calculation of expected NPV. Investments in Tsigai farms proved to be economically efficient, but associated with high level of risk.",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe",
pages = "188-175",
number = "1",
volume = "67",
doi = "10.5937/ekoPolj2001175N"
}
Nastić, L., Ivanović, S.,& Marković, T.. (2020). Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 67(1), 175-188.
https://doi.org/10.5937/ekoPolj2001175N
Nastić L, Ivanović S, Marković T. Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe. in Ekonomika poljoprivrede. 2020;67(1):175-188.
doi:10.5937/ekoPolj2001175N .
Nastić, Lana, Ivanović, Sanjin, Marković, Todor, "Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe" in Ekonomika poljoprivrede, 67, no. 1 (2020):175-188,
https://doi.org/10.5937/ekoPolj2001175N . .
3

Productivity of Serbian milk producers based on FADN data

Ivanović, Sanjin; Vasiljević, Zorica; Nastić, Lana

(Društvo ekonomista "Ekonomika", Niš, 2020)

TY  - JOUR
AU  - Ivanović, Sanjin
AU  - Vasiljević, Zorica
AU  - Nastić, Lana
PY  - 2020
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/5468
AB  - Productivity is one of the basic economic principles needed for successful farm operations. The goal of this research is to analyze productivity of Serbian milk producers involved in FADN sample. Therefore, the research has been based on publically available FADN data and FADN methodology. Applying number of indicators authors discussed close relation between farm size and productivity. Besides, relation between productivity and economic efficiency of Serbian farms specialized in milk production is presented. The results indicated number of cows necessary to improve productivity of Serbian farms oriented towards milk production.
AB  - Produktivnost je jedan od osnovnih ekonomskih principa neophodan za uspešno funkcionisanje poljoprivrednih gazdinstava. Cilj ovog istraživanja je da analizira produktivnost proizvođača mleka u Srbiji koji su uključeni u FADN uzorak. Zbog toga je istraživanje bazirano na javno dostupnim FADN podacima i FADN metodologiji. Primenjujući veći broj pokazatelja autori su analizirali blisku vezu između veličine gazdinstava i produktivnosti. Pored toga, prikazana je i povezanost između produktivnosti i ekonomičnosti gazdinstava u Srbiji koja su specijalizovana za proizvodnju mleka. Dobijeni rezultati ukazuju na broj krava koji je neophodan da se unapredi produktivnost farmi usmerenih na proizvodnju mleka u Srbiji.
PB  - Društvo ekonomista "Ekonomika", Niš
T2  - Ekonomika
T1  - Productivity of Serbian milk producers based on FADN data
T1  - Produktivnost rada farmi za proizvodnju mleka u Srbiji na osnovu FADN podataka
EP  - 64
IS  - 1
SP  - 53
VL  - 66
DO  - 10.5937/ekonomika2001053I
ER  - 
@article{
author = "Ivanović, Sanjin and Vasiljević, Zorica and Nastić, Lana",
year = "2020",
abstract = "Productivity is one of the basic economic principles needed for successful farm operations. The goal of this research is to analyze productivity of Serbian milk producers involved in FADN sample. Therefore, the research has been based on publically available FADN data and FADN methodology. Applying number of indicators authors discussed close relation between farm size and productivity. Besides, relation between productivity and economic efficiency of Serbian farms specialized in milk production is presented. The results indicated number of cows necessary to improve productivity of Serbian farms oriented towards milk production., Produktivnost je jedan od osnovnih ekonomskih principa neophodan za uspešno funkcionisanje poljoprivrednih gazdinstava. Cilj ovog istraživanja je da analizira produktivnost proizvođača mleka u Srbiji koji su uključeni u FADN uzorak. Zbog toga je istraživanje bazirano na javno dostupnim FADN podacima i FADN metodologiji. Primenjujući veći broj pokazatelja autori su analizirali blisku vezu između veličine gazdinstava i produktivnosti. Pored toga, prikazana je i povezanost između produktivnosti i ekonomičnosti gazdinstava u Srbiji koja su specijalizovana za proizvodnju mleka. Dobijeni rezultati ukazuju na broj krava koji je neophodan da se unapredi produktivnost farmi usmerenih na proizvodnju mleka u Srbiji.",
publisher = "Društvo ekonomista "Ekonomika", Niš",
journal = "Ekonomika",
title = "Productivity of Serbian milk producers based on FADN data, Produktivnost rada farmi za proizvodnju mleka u Srbiji na osnovu FADN podataka",
pages = "64-53",
number = "1",
volume = "66",
doi = "10.5937/ekonomika2001053I"
}
Ivanović, S., Vasiljević, Z.,& Nastić, L.. (2020). Productivity of Serbian milk producers based on FADN data. in Ekonomika
Društvo ekonomista "Ekonomika", Niš., 66(1), 53-64.
https://doi.org/10.5937/ekonomika2001053I
Ivanović S, Vasiljević Z, Nastić L. Productivity of Serbian milk producers based on FADN data. in Ekonomika. 2020;66(1):53-64.
doi:10.5937/ekonomika2001053I .
Ivanović, Sanjin, Vasiljević, Zorica, Nastić, Lana, "Productivity of Serbian milk producers based on FADN data" in Ekonomika, 66, no. 1 (2020):53-64,
https://doi.org/10.5937/ekonomika2001053I . .

Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia

Nastić, Lana; Ivanović, Sanjin; Radivojević, Dušan

(Univerzitet u Beogradu - Poljoprivredni fakultet, Beograd, 2017)

TY  - JOUR
AU  - Nastić, Lana
AU  - Ivanović, Sanjin
AU  - Radivojević, Dušan
PY  - 2017
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/4561
AB  - Sheep and goat production is different from other types of livestock production (cattle, pig, poultry production) because it is most commonly extensive, which means that it demands a relatively low level of investments into buildings, equipment and other fixed assets. This paper aims to analyse characteristics of investments into the sheep and goat production in the European Union and compare them to the similar investments in the Republic of Serbia. In order to analyse the state in the EU, data from the appropriate FADN data base were used, as well as the sector analyses conducted for the area of the EU. On the other hand, in order to analyse necessary investments into sheep and goat production in Serbia, available technical and technological data and appropriate literary sources were used. Analysis of construction costs for buildings used in sheep and goat production was done, as well as the calculation of investments into appropriate necessary equipment. It has been noticed that there is a need for enlargement of the sheep and goat farms in Serbia in order to provide a proper living standard for holders of such enterprises.
AB  - Ovčarska i kozarska proizvodnja razlikuje se od ostalih važnih vrsta stočarske proizvodnje (govedarstva, svinjarstva, živinarstva) po tome što je ona najčešće ekstenzivna, odnosno zahteva relativno nizak nivo ulaganja u objekte, opremu i ostala osnovna sredstva. Cilj rada bio je da se sagledaju karakteristike investicionih ulaganja u ovčarsku i kozarsku proizvodnju u Evropskoj uniji i uporede sa sličnim ulaganjima u Republici Srbiji. Da bi se sagledalo stanje u EU, prvenstveno su se koristili podaci iz odgovarajuće baze podataka FADN-a (engl. Farm Accountancy Data Network), kao i sektorske analize koje su provedene za područje EU. Sa druge strane, za sagledavanje potrebnih investicija u ovčarstvo i kozarstvo u Srbiji upotrebili su se raspoloživi tehnički i tehnološki podaci, kao i odgovarajući literaturni izvori. Izvršena je i analiza troškova izgradnje objekata za ovčarsku i kozarsku proizvodnju, kao i proračun investicija u odgovarajuću neophodnu opremu. Uočena je potreba ukrupnjavanja ovčarskih i kozarskih farmi u Srbiji u cilju obezbeđenja odgovarajućeg životnog standarda za nosioce ovakvih gazdinstava.
PB  - Univerzitet u Beogradu - Poljoprivredni fakultet, Beograd
T2  - Journal of Agricultural Sciences (Belgrade)
T1  - Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia
T1  - Analiza visine i strukture investicionih ulaganja u ovčarske i kozarske farme u Evropskoj uniji i Republici Srbiji
EP  - 88
IS  - 1
SP  - 79
VL  - 62
DO  - 10.2298/JAS1701079N
ER  - 
@article{
author = "Nastić, Lana and Ivanović, Sanjin and Radivojević, Dušan",
year = "2017",
abstract = "Sheep and goat production is different from other types of livestock production (cattle, pig, poultry production) because it is most commonly extensive, which means that it demands a relatively low level of investments into buildings, equipment and other fixed assets. This paper aims to analyse characteristics of investments into the sheep and goat production in the European Union and compare them to the similar investments in the Republic of Serbia. In order to analyse the state in the EU, data from the appropriate FADN data base were used, as well as the sector analyses conducted for the area of the EU. On the other hand, in order to analyse necessary investments into sheep and goat production in Serbia, available technical and technological data and appropriate literary sources were used. Analysis of construction costs for buildings used in sheep and goat production was done, as well as the calculation of investments into appropriate necessary equipment. It has been noticed that there is a need for enlargement of the sheep and goat farms in Serbia in order to provide a proper living standard for holders of such enterprises., Ovčarska i kozarska proizvodnja razlikuje se od ostalih važnih vrsta stočarske proizvodnje (govedarstva, svinjarstva, živinarstva) po tome što je ona najčešće ekstenzivna, odnosno zahteva relativno nizak nivo ulaganja u objekte, opremu i ostala osnovna sredstva. Cilj rada bio je da se sagledaju karakteristike investicionih ulaganja u ovčarsku i kozarsku proizvodnju u Evropskoj uniji i uporede sa sličnim ulaganjima u Republici Srbiji. Da bi se sagledalo stanje u EU, prvenstveno su se koristili podaci iz odgovarajuće baze podataka FADN-a (engl. Farm Accountancy Data Network), kao i sektorske analize koje su provedene za područje EU. Sa druge strane, za sagledavanje potrebnih investicija u ovčarstvo i kozarstvo u Srbiji upotrebili su se raspoloživi tehnički i tehnološki podaci, kao i odgovarajući literaturni izvori. Izvršena je i analiza troškova izgradnje objekata za ovčarsku i kozarsku proizvodnju, kao i proračun investicija u odgovarajuću neophodnu opremu. Uočena je potreba ukrupnjavanja ovčarskih i kozarskih farmi u Srbiji u cilju obezbeđenja odgovarajućeg životnog standarda za nosioce ovakvih gazdinstava.",
publisher = "Univerzitet u Beogradu - Poljoprivredni fakultet, Beograd",
journal = "Journal of Agricultural Sciences (Belgrade)",
title = "Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia, Analiza visine i strukture investicionih ulaganja u ovčarske i kozarske farme u Evropskoj uniji i Republici Srbiji",
pages = "88-79",
number = "1",
volume = "62",
doi = "10.2298/JAS1701079N"
}
Nastić, L., Ivanović, S.,& Radivojević, D.. (2017). Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia. in Journal of Agricultural Sciences (Belgrade)
Univerzitet u Beogradu - Poljoprivredni fakultet, Beograd., 62(1), 79-88.
https://doi.org/10.2298/JAS1701079N
Nastić L, Ivanović S, Radivojević D. Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia. in Journal of Agricultural Sciences (Belgrade). 2017;62(1):79-88.
doi:10.2298/JAS1701079N .
Nastić, Lana, Ivanović, Sanjin, Radivojević, Dušan, "Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia" in Journal of Agricultural Sciences (Belgrade), 62, no. 1 (2017):79-88,
https://doi.org/10.2298/JAS1701079N . .
1

Economic efficiency of extensive livestock production in the European Union

Nastić, Lana; Marković, Todor; Ivanović, Sanjin

(Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2017)

TY  - JOUR
AU  - Nastić, Lana
AU  - Marković, Todor
AU  - Ivanović, Sanjin
PY  - 2017
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/4576
AB  - Various types of extensive livestock production are present worldwide, primarily in regions where natural resources such as pastures and meadows could be used. Extensive livestock production is common in the EU, as well. Therefore the goal of this research was to establish economic efficiency of extensive livestock production types and to compare their efficiency with some intensive livestock production types. In order to achieve that goal FADN (Farm Accountancy Data Network) methodology was used. Source of information was FADN database as well as appropriate sector analysis and publications of European commission. It has been determined that sheep and goat production is competitive with intensive production types (dairy and granivores - pigs and poultry). Cattle production (other than dairy production) proved to be economically inefficient due to low output level.
AB  - Različiti tipovi ekstenzivne stočarske proizvodnje su prisutni svuda u svetu, prvenstveno u regionima gde se mogu koristiti prirodni resursi, kao što su pašnjaci i livade. Ekstenzivna stočarska proizvodnja je takođe široko rasprostranjena i u Evropskoj uniji. Zbog toga je cilj ovog istraživanja bio da se utvrdi ekonomska efektivnost različitih tipova ekstenzivne stočarske proizvodnje i da se uporedi sa efektivošću intenzivne stočarske proizvodnje. Da bi se taj cilj ostvario korišćena je FADN (Farm Accountancy Data Network) metodologija. Izvori podataka su bili FADN baza podataka Evroske unije, kao i odgovarajuće sektorske analize i publikacije Evropske komisije. Utvrđeno je da je ovčarska i kozarska proizvodnja konkurentna sa intenzivnim tipovima stočarske proizvodnje (proizvodnja mleka i nepreživari - svinje i živina). Utvrđeno je da govedarska proizvodnja (koja se ne odnosi na proizvodnju mleka) nije ekonomski efikasna usled niskog nivoa outputa koji ostvaruje.
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Economic efficiency of extensive livestock production in the European Union
T1  - Ekonomska efektivnost ekstenzivne stočarske proizvodnje u Evropskoj uniji
EP  - 1230
IS  - 3
SP  - 1219
VL  - 64
DO  - 10.5937/ekoPolj1703219N
ER  - 
@article{
author = "Nastić, Lana and Marković, Todor and Ivanović, Sanjin",
year = "2017",
abstract = "Various types of extensive livestock production are present worldwide, primarily in regions where natural resources such as pastures and meadows could be used. Extensive livestock production is common in the EU, as well. Therefore the goal of this research was to establish economic efficiency of extensive livestock production types and to compare their efficiency with some intensive livestock production types. In order to achieve that goal FADN (Farm Accountancy Data Network) methodology was used. Source of information was FADN database as well as appropriate sector analysis and publications of European commission. It has been determined that sheep and goat production is competitive with intensive production types (dairy and granivores - pigs and poultry). Cattle production (other than dairy production) proved to be economically inefficient due to low output level., Različiti tipovi ekstenzivne stočarske proizvodnje su prisutni svuda u svetu, prvenstveno u regionima gde se mogu koristiti prirodni resursi, kao što su pašnjaci i livade. Ekstenzivna stočarska proizvodnja je takođe široko rasprostranjena i u Evropskoj uniji. Zbog toga je cilj ovog istraživanja bio da se utvrdi ekonomska efektivnost različitih tipova ekstenzivne stočarske proizvodnje i da se uporedi sa efektivošću intenzivne stočarske proizvodnje. Da bi se taj cilj ostvario korišćena je FADN (Farm Accountancy Data Network) metodologija. Izvori podataka su bili FADN baza podataka Evroske unije, kao i odgovarajuće sektorske analize i publikacije Evropske komisije. Utvrđeno je da je ovčarska i kozarska proizvodnja konkurentna sa intenzivnim tipovima stočarske proizvodnje (proizvodnja mleka i nepreživari - svinje i živina). Utvrđeno je da govedarska proizvodnja (koja se ne odnosi na proizvodnju mleka) nije ekonomski efikasna usled niskog nivoa outputa koji ostvaruje.",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Economic efficiency of extensive livestock production in the European Union, Ekonomska efektivnost ekstenzivne stočarske proizvodnje u Evropskoj uniji",
pages = "1230-1219",
number = "3",
volume = "64",
doi = "10.5937/ekoPolj1703219N"
}
Nastić, L., Marković, T.,& Ivanović, S.. (2017). Economic efficiency of extensive livestock production in the European Union. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 64(3), 1219-1230.
https://doi.org/10.5937/ekoPolj1703219N
Nastić L, Marković T, Ivanović S. Economic efficiency of extensive livestock production in the European Union. in Ekonomika poljoprivrede. 2017;64(3):1219-1230.
doi:10.5937/ekoPolj1703219N .
Nastić, Lana, Marković, Todor, Ivanović, Sanjin, "Economic efficiency of extensive livestock production in the European Union" in Ekonomika poljoprivrede, 64, no. 3 (2017):1219-1230,
https://doi.org/10.5937/ekoPolj1703219N . .
7
2

Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening

Ivanović, Sanjin; Nastić, Lana; Bekić, Bojana

(Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2015)

TY  - JOUR
AU  - Ivanović, Sanjin
AU  - Nastić, Lana
AU  - Bekić, Bojana
PY  - 2015
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/3887
AB  - In the case of some agricultural investments, often net cash flow changes its sign from positive to negative, many times during the project. It causes the problem of internal rate of return calculation, which is an important indicator of economic effectiveness of investments. That is, in such situations, internal rate of return cannot be used. To solve this problem, modified rate of return is applied. This paper aimed to describe this method in detail, and to show its calculation for investments in pigs fattening. By application of modified internal rate of return it is determined that pigs fattening, under assumed conditions, is economically justified. Also, authors calculated the upper limit of discount rate (cost of capital), to which investment in pigs fattening is economically justified. It is concluded that, in the case of specific agricultural investments (such as pigs fattening), the use of traditional internal rate of return could give the wrong image on actual rate of return on investments.
AB  - Kod nekih investicija u poljoprivredi često se javlja situacija da neto novčani tok menja svoj znak iz pozitivnog u negativni više puta u toku trajanja projekta. To izaziva problem izračunavanja interne kamatne stope, koja je važan indikator ekonomske efektivnosti investicija. Odnosno, u takvim uslovima se interna kamatna stopa ne može koristiti. Da bi se rešio taj problem primenjuje se modifikovana interna kamatna stopa. Cilj ovog rada je da se detaljno opiše ova metoda i prikaže njen način izračunavanja kod investicije u tov svinja. Primenom modifikovane interne kamatne stope utvrđeno je da je tov svinja pod pretpostavljenim uslovima ekonomski opravdan. Takođe je izračunata i gornja granica diskontne stope (troškova kapitala) do koje je investicija u tov svinja ekonomski opravdana. Zaključeno je da kod specifičnih investicija u poljoprivredi (kao što je to tov svinja) upotreba tradicionalne interne kamatne stope može pružiti pogrešnu sliku o stvarnoj stopi povraćaja na investiciona ulaganja.
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening
T1  - Mogućnosti primene MIRR metoda za ocenu investicija u poljoprivredi - primer tova svinja
EP  - 333
IS  - 2
SP  - 325
VL  - 62
DO  - 10.5937/ekoPolj1502325I
ER  - 
@article{
author = "Ivanović, Sanjin and Nastić, Lana and Bekić, Bojana",
year = "2015",
abstract = "In the case of some agricultural investments, often net cash flow changes its sign from positive to negative, many times during the project. It causes the problem of internal rate of return calculation, which is an important indicator of economic effectiveness of investments. That is, in such situations, internal rate of return cannot be used. To solve this problem, modified rate of return is applied. This paper aimed to describe this method in detail, and to show its calculation for investments in pigs fattening. By application of modified internal rate of return it is determined that pigs fattening, under assumed conditions, is economically justified. Also, authors calculated the upper limit of discount rate (cost of capital), to which investment in pigs fattening is economically justified. It is concluded that, in the case of specific agricultural investments (such as pigs fattening), the use of traditional internal rate of return could give the wrong image on actual rate of return on investments., Kod nekih investicija u poljoprivredi često se javlja situacija da neto novčani tok menja svoj znak iz pozitivnog u negativni više puta u toku trajanja projekta. To izaziva problem izračunavanja interne kamatne stope, koja je važan indikator ekonomske efektivnosti investicija. Odnosno, u takvim uslovima se interna kamatna stopa ne može koristiti. Da bi se rešio taj problem primenjuje se modifikovana interna kamatna stopa. Cilj ovog rada je da se detaljno opiše ova metoda i prikaže njen način izračunavanja kod investicije u tov svinja. Primenom modifikovane interne kamatne stope utvrđeno je da je tov svinja pod pretpostavljenim uslovima ekonomski opravdan. Takođe je izračunata i gornja granica diskontne stope (troškova kapitala) do koje je investicija u tov svinja ekonomski opravdana. Zaključeno je da kod specifičnih investicija u poljoprivredi (kao što je to tov svinja) upotreba tradicionalne interne kamatne stope može pružiti pogrešnu sliku o stvarnoj stopi povraćaja na investiciona ulaganja.",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening, Mogućnosti primene MIRR metoda za ocenu investicija u poljoprivredi - primer tova svinja",
pages = "333-325",
number = "2",
volume = "62",
doi = "10.5937/ekoPolj1502325I"
}
Ivanović, S., Nastić, L.,& Bekić, B.. (2015). Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 62(2), 325-333.
https://doi.org/10.5937/ekoPolj1502325I
Ivanović S, Nastić L, Bekić B. Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening. in Ekonomika poljoprivrede. 2015;62(2):325-333.
doi:10.5937/ekoPolj1502325I .
Ivanović, Sanjin, Nastić, Lana, Bekić, Bojana, "Possibilities of MIRR method application for evaluation of investments in agriculture: An example of pigs fattening" in Ekonomika poljoprivrede, 62, no. 2 (2015):325-333,
https://doi.org/10.5937/ekoPolj1502325I . .
4
2

Determination of economic selection index coefficients for dairy cows

Ivanović, Sanjin; Stanojević, Dragan; Nastić, Lana; Jeločnik, Marko

(Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2014)

TY  - JOUR
AU  - Ivanović, Sanjin
AU  - Stanojević, Dragan
AU  - Nastić, Lana
AU  - Jeločnik, Marko
PY  - 2014
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/3594
AB  - There is no research regarding economic effects of genetic improvement for dairy cattle in Serbia. Therefore, the goal of this paper is to determine economic values for various production traits (milk yield, milk fat content and proteins content) in dairy production, as well as to determine total economic selection index. The research is based on data which include 9,516 lactations of 4,893 milking cows from 7 farms. Data were collected during the period 2004 - 2012. Authors used sensitivity analysis and partial budgeting approach to determine changes in revenues caused by variations of particular production traits. It was determined that within economic selection index the most important trait is milk yield, while values for other traits are almost negligible. On the other hand, it is expected that importance of certain traits will be changed after Serbian accession to the European Union.
AB  - U Republici Srbiji do sada ne postoje istraživanja koja se odnose na ekonomske efekte genetskog unapređenja mlečnih krava. Zbog toga je cilj ovog rada utvrđivanje ekonomske vrednosti za različite proizvodne osobine (prinos mleka u standardnoj laktaciji, sadržaj mlečne masti i sadržaj proteina) u proizvodnji mleka, kao i da utvrdi ukupni ekonomski selekcijski indeks. Istraživanje je bazirano na podacima koji obuhvataju 9.516 laktacija 4.893 muznih krava sa 7 farmi. Podaci su prikupljeni tokom perioda 2004 - 2012. godina. Autori su koristili senzitivnu analizu, kao i metod diferencijalne kalkulacije da bi utvrdili promene u prihodima uzrokovane variranjem pojedinačnih proizvodnih osobina. Utvrđeno je da je u okviru ekonomskog selekcijskog indeksa najvažnija osobina prinos mleka u standardnoj laktaciji, dok su vrednosti ostalih proizvodnih osobina gotovo zanemarljive. Sa druge strane, očekuje se da će se značaj pojedinih proizvodnih osobina promeniti nakon pristupanja Srbije Evropskoj Uniji.
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Determination of economic selection index coefficients for dairy cows
T1  - Utvrđivanje koeficijenata ekonomskog selekcijskog indeksa za mlečne krave
EP  - 875
IS  - 4
SP  - 861
VL  - 61
DO  - 10.5937/ekoPolj1404861I
ER  - 
@article{
author = "Ivanović, Sanjin and Stanojević, Dragan and Nastić, Lana and Jeločnik, Marko",
year = "2014",
abstract = "There is no research regarding economic effects of genetic improvement for dairy cattle in Serbia. Therefore, the goal of this paper is to determine economic values for various production traits (milk yield, milk fat content and proteins content) in dairy production, as well as to determine total economic selection index. The research is based on data which include 9,516 lactations of 4,893 milking cows from 7 farms. Data were collected during the period 2004 - 2012. Authors used sensitivity analysis and partial budgeting approach to determine changes in revenues caused by variations of particular production traits. It was determined that within economic selection index the most important trait is milk yield, while values for other traits are almost negligible. On the other hand, it is expected that importance of certain traits will be changed after Serbian accession to the European Union., U Republici Srbiji do sada ne postoje istraživanja koja se odnose na ekonomske efekte genetskog unapređenja mlečnih krava. Zbog toga je cilj ovog rada utvrđivanje ekonomske vrednosti za različite proizvodne osobine (prinos mleka u standardnoj laktaciji, sadržaj mlečne masti i sadržaj proteina) u proizvodnji mleka, kao i da utvrdi ukupni ekonomski selekcijski indeks. Istraživanje je bazirano na podacima koji obuhvataju 9.516 laktacija 4.893 muznih krava sa 7 farmi. Podaci su prikupljeni tokom perioda 2004 - 2012. godina. Autori su koristili senzitivnu analizu, kao i metod diferencijalne kalkulacije da bi utvrdili promene u prihodima uzrokovane variranjem pojedinačnih proizvodnih osobina. Utvrđeno je da je u okviru ekonomskog selekcijskog indeksa najvažnija osobina prinos mleka u standardnoj laktaciji, dok su vrednosti ostalih proizvodnih osobina gotovo zanemarljive. Sa druge strane, očekuje se da će se značaj pojedinih proizvodnih osobina promeniti nakon pristupanja Srbije Evropskoj Uniji.",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Determination of economic selection index coefficients for dairy cows, Utvrđivanje koeficijenata ekonomskog selekcijskog indeksa za mlečne krave",
pages = "875-861",
number = "4",
volume = "61",
doi = "10.5937/ekoPolj1404861I"
}
Ivanović, S., Stanojević, D., Nastić, L.,& Jeločnik, M.. (2014). Determination of economic selection index coefficients for dairy cows. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 61(4), 861-875.
https://doi.org/10.5937/ekoPolj1404861I
Ivanović S, Stanojević D, Nastić L, Jeločnik M. Determination of economic selection index coefficients for dairy cows. in Ekonomika poljoprivrede. 2014;61(4):861-875.
doi:10.5937/ekoPolj1404861I .
Ivanović, Sanjin, Stanojević, Dragan, Nastić, Lana, Jeločnik, Marko, "Determination of economic selection index coefficients for dairy cows" in Ekonomika poljoprivrede, 61, no. 4 (2014):861-875,
https://doi.org/10.5937/ekoPolj1404861I . .
2

Impact of energy prices on income of labour on field crop operations

Ivanović, Sanjin; Todorović, Saša; Nastić, Lana

(Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt, 2012)

TY  - JOUR
AU  - Ivanović, Sanjin
AU  - Todorović, Saša
AU  - Nastić, Lana
PY  - 2012
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/2903
AB  - The starting point of the paper is the fact that the economic effects of field crop operations is highly conditioned by energy prices (primarily diesel fuel prices) as well as by the raw material whose prices to a large extent depend on energy price (fertilisers). Hence, it is determined on the basis of the model of family farm (specialized in field crop production) that the change in the prices of the given inputs influences the change in gross margin and farm profit. A special attention is paid to the changes in gross margin per worker and per working hour, as well as to the profit per worker and per working hour, which is caused by a varying of the purchase prices of raw materials, whose prices depend on energy prices (diesel fuel and fertilisers). It is determined by the analysis that diesel D-2 is distinguished because of its importance for profitable business operations of the examined family farms regarding that the 20% price increase of diesel D-2 leads to the decrease in family farm profit by 35.56%. In the second place, the highest impact on the profit is created by the prices of different NPK fertilisers, whereas the prices of KAN and UREA fertilisers do not have so significant impact on the farm profit. By subsidizing the price of the aforementioned inputs for family farms, it is possible to produce greater economic effects of labour on family farms and thus influence the reduction of rural poverty. This solution is acceptable only in the short run, but in long term perspective it is needed to emphasize investments instead of subsidies. .
AB  - Na ekonomske efekte poslovanja porodičnih gazdinstava ratarskog tipa veliki uticaj imaju cene energenata (dizel goriva) kao i repromaterijala čije su cene u velikoj meri zavisne od cene energenata (mineralna đubriva). Zbog toga je na modelu porodičnog ratarskog gazdinstva utvrđeno kako promena cena navedenih inputa utiče na promenu marže pokrića i profita gazdinstva. Posebna pažnja posvećena je promenama marže pokrića po radniku i času rada, kao i profita po radniku i času rada do koje dolazi usled variranja pomenutih nabavnih cena. Analizom je utvrđeno da se po svom značaju za profitabilno poslovanje posmatranih gazdinstava izdvaja dizel D-2. Nakon njega najveći uticaj na visinu profita imaju cene različitih vrsta NPK đubriva, dok cene đubriva KAN i UREA nemaju tako veliki uticaj na visinu profita ratarskih gazdinstava. Preko subvencionisanja cena navedenih inputa za ratarska gazdinstva moguće je ostvariti veće ekonomske efekte rada na porodičnim gazdinstvima i time uticati na smanjenje ruralnog siromaštva. Ovakvo rešenje je prihvatljivo samo u kratkom roku, ali dugoročno je potrebno da se veća pažnja posveti investicijama umesto subvencijama. .
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Impact of energy prices on income of labour on field crop operations
T1  - Uticaj cena energenata na ekonomske efekte rada na ratarskim porodičnim gazdinstvima
EP  - 206
IS  - 2
SP  - 195
VL  - 59
UR  - https://hdl.handle.net/21.15107/rcub_agrospace_2903
ER  - 
@article{
author = "Ivanović, Sanjin and Todorović, Saša and Nastić, Lana",
year = "2012",
abstract = "The starting point of the paper is the fact that the economic effects of field crop operations is highly conditioned by energy prices (primarily diesel fuel prices) as well as by the raw material whose prices to a large extent depend on energy price (fertilisers). Hence, it is determined on the basis of the model of family farm (specialized in field crop production) that the change in the prices of the given inputs influences the change in gross margin and farm profit. A special attention is paid to the changes in gross margin per worker and per working hour, as well as to the profit per worker and per working hour, which is caused by a varying of the purchase prices of raw materials, whose prices depend on energy prices (diesel fuel and fertilisers). It is determined by the analysis that diesel D-2 is distinguished because of its importance for profitable business operations of the examined family farms regarding that the 20% price increase of diesel D-2 leads to the decrease in family farm profit by 35.56%. In the second place, the highest impact on the profit is created by the prices of different NPK fertilisers, whereas the prices of KAN and UREA fertilisers do not have so significant impact on the farm profit. By subsidizing the price of the aforementioned inputs for family farms, it is possible to produce greater economic effects of labour on family farms and thus influence the reduction of rural poverty. This solution is acceptable only in the short run, but in long term perspective it is needed to emphasize investments instead of subsidies. ., Na ekonomske efekte poslovanja porodičnih gazdinstava ratarskog tipa veliki uticaj imaju cene energenata (dizel goriva) kao i repromaterijala čije su cene u velikoj meri zavisne od cene energenata (mineralna đubriva). Zbog toga je na modelu porodičnog ratarskog gazdinstva utvrđeno kako promena cena navedenih inputa utiče na promenu marže pokrića i profita gazdinstva. Posebna pažnja posvećena je promenama marže pokrića po radniku i času rada, kao i profita po radniku i času rada do koje dolazi usled variranja pomenutih nabavnih cena. Analizom je utvrđeno da se po svom značaju za profitabilno poslovanje posmatranih gazdinstava izdvaja dizel D-2. Nakon njega najveći uticaj na visinu profita imaju cene različitih vrsta NPK đubriva, dok cene đubriva KAN i UREA nemaju tako veliki uticaj na visinu profita ratarskih gazdinstava. Preko subvencionisanja cena navedenih inputa za ratarska gazdinstva moguće je ostvariti veće ekonomske efekte rada na porodičnim gazdinstvima i time uticati na smanjenje ruralnog siromaštva. Ovakvo rešenje je prihvatljivo samo u kratkom roku, ali dugoročno je potrebno da se veća pažnja posveti investicijama umesto subvencijama. .",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Impact of energy prices on income of labour on field crop operations, Uticaj cena energenata na ekonomske efekte rada na ratarskim porodičnim gazdinstvima",
pages = "206-195",
number = "2",
volume = "59",
url = "https://hdl.handle.net/21.15107/rcub_agrospace_2903"
}
Ivanović, S., Todorović, S.,& Nastić, L.. (2012). Impact of energy prices on income of labour on field crop operations. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 59(2), 195-206.
https://hdl.handle.net/21.15107/rcub_agrospace_2903
Ivanović S, Todorović S, Nastić L. Impact of energy prices on income of labour on field crop operations. in Ekonomika poljoprivrede. 2012;59(2):195-206.
https://hdl.handle.net/21.15107/rcub_agrospace_2903 .
Ivanović, Sanjin, Todorović, Saša, Nastić, Lana, "Impact of energy prices on income of labour on field crop operations" in Ekonomika poljoprivrede, 59, no. 2 (2012):195-206,
https://hdl.handle.net/21.15107/rcub_agrospace_2903 .