THE ROLE OF WORKING CAPITAL IN SHAPING THE FINANCIAL SITUATION IN THE FAMILY OF FARMING HOUSEHOLDS

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Published:
Jun 17, 2015
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No. 13(62) (2015)
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Joanna Bereżnicka
Wydział Nauk Ekonomicznych, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
https://orcid.org/0000-0002-0316-6693

DOI: https://doi.org/10.22630/PEFIM.2015.13.62.1
Keywords : working capital, family farm, family household
Abstract
The aim of this work was to investigate mutual dependencies between the level of working capital and the financial situation of the family measured by the “financial means of the household”. Research was conducted on a group of 5350 family farms collecting accounting data for the FADN PL, in the years 2004-2011. Agricultural holdings were grouped into those with negative and positive working capital. The financial liquidity and profitability of these farms was measured. A correlation analysis was also conducted. The research shows that agricultural holdings with negative working capital had higher resources of land and invested capital at their disposal. They also achieved better economic results. The profitability of own capital was higher in this group. The measurement of liquidity from a dynamic perspective showed, that farms from the group with negative working capital managed to settle their liabilities, despite significantly lower values than in the case of farms with positive working capital. A higher amount of financial means was received by families of farms with negative working capital.

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How to Cite
Bereżnicka, J. (2015). THE ROLE OF WORKING CAPITAL IN SHAPING THE FINANCIAL SITUATION IN THE FAMILY OF FARMING HOUSEHOLDS. The Scientific Journal European Policies, Finance and Marketing, (13(62), 5–17. https://doi.org/10.22630/PEFIM.2015.13.62.1
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