[Title:] Agrarian Economy and Rural Development - Realities and Perspectives for Romania. 9th Edition of the International Symposium [Publisher:] The Research Institute for Agricultural Economy and Rural Development (ICEADR) [Place:] Bucharest [Year:] 2018 [Pages:] 270-277
In order to analyze the degree of development of economic systems for the two agriculture types, conventional and ecological, as well as the "survival" capacity and the direction of their development, it is necessary to take into account the correct definition and measurement of the economic efficiency for the culture analyzed. Economic efficiency is most often defined as the close link between the resources allocated to the production process and what follows from the process, which leads to consuming the resources available in a rational way. Thus, economic efficiency can be determined by comparing the effects of an action with the efforts required to produce it. The present study aims to highlighting the two economical agricultural systems for hemp culture by analyzing and comparing the set of technical and economic indicators present in the income and expenditure budget. The revenue and expenditure budget highlights issues such as: the value of production, the costs incurred with this crop, the resulting income and the rate of return. The main objective of the study is to bring to light the agricultural system that is most economically efficient for the culture in the analysis.