THE QUESTION OF EFFICIENCY OF SUGAR BEET PRODUCTION IN AGRICULTURAL ENTERPRISES
Abstract
The Performance indicators of production and economic activity of agricultural enterprises engaged in production of sugar beets in the zonal context and in general in Ukraine are analyzed in the article. Using the correlation and regression analysis the influence of factors on the profit of beet growing enterprises is proved.
One of the most important indicators that reflect the level of economic security of business entities is the efficiency of their production activities. It reflects the results of effectiveness as a separate company and the industry as a whole.
During the last decade the process of gradually reducing the total number of farms engaged in growing sugar beets is happening. This is due to the fact that most businesses suffered significant losses because the sales revenue of sugar beets did not cover the cost of their production.Therefore, the successful function and competitiveness of farms that grow sugar beets, depends on the efficiency of their production and business activities.
It is determined that in the last three years beet growing farms showed positive growth on the main indicators of their activity, which helped from critical profitability by 2.7% in 2013 increase it of more than 10 times in 2015. It is found that the amount of profit is mostly influenced by the level of productivity of sugar beet and its production costs and their selling price. Therefore it is necessary to producers of raw sugar to focus on the challenges of raising productivity and reduce costs, using the experience of leading countries.
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