Economic Indicators in Cereal Production in EU

The aim of this chapter is to give a general overview of the production costs, and incomes of EU farms specialised in cereal production, based on the Farm Accountancy Data Network (FADN). The FADN technique has been used to compare a number of metrics in order to analyse the financial performance of European production. Farm net value added (FNVA), FNVA per annual working unit (AWU), farm net income (FNI), and family farm income (FFI/FWU) are the economic performance measures for the cereal production. FADN provides farmers with the pertinent data they require to make the optimal production structure decisions and boost the productivity of both individual crops and the farm as a whole. By managing their production processes well, farmers may boost their market participation and flexibility. Based on FADN, it is feasible to evaluate the outcomes of the agricultural policy measures put in place at the time while taking environmental and social issues into consideration, as well as the performance of agricultural farms and the critical elements that impact their profitability.