PROFITABILITY OF LABOUR FACTOR IN THE TYPICAL DAIRY FARMS IN THE WORLD
Abstract
The main purpose of the article was to analyse the productivity and profitability of labour factor and to present asset endowments of the typical dairy farms distinguished within IFCN (International Farm Comparison Network). Among analysed 103 typical dairy farms from 34 countries, the highest net dairy farm profit characterised large farms from USA, Australia and New Zealand. Those farms generated also significantly higher profit per working hour then the potential wages that could be earned outside the farm. The highest assets value per 100 kg of produced milk characterised European farms (especially with low production scale).
Keywords
dairy farm; endowments of the typical dairy farms; productivity and profitability of labour factor
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