Issues in assessing the profitability level of agricultural production

The profitability of agricultural production demonstrates how effectively land, labor, and financial resources are used to produce the final product. However, traditional methods of analyzing and forecasting economic efficiency often fail to account for the complexity and diversity of modern agricultural processes. Agriculture is characterized by a high level of uncertainty and dependence on many factors, such as weather conditions, market fluctuations, and technological changes. Therefore, there is a need to improve the methodology for assessing, analyzing, and forecasting the profitability of agricultural products. The purpose of this article is to study current issues in assessing and forecasting agricultural production efficiency based on the indicator of product profitability. In accordance with this goal, the following research objectives are addressed using abstract logical and comparative methods: generalizing theoretical approaches to interpreting the concept of “production efficiency” and the content of its indicators; and investigating forecasting methodology, particularly forecasting the efficiency of agricultural production. Based on the conducted factor analysis of profitability, a forecast of the production efficiency of certain types of agricultural products is substantiated, and the proposed measures are evaluated. The methodology for assessing the profitability of agricultural enterprises can be used as one of the criteria for providing them with state financial support.

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