Next Article in Journal
Farmers’ Market Usage, Fruit and Vegetable Consumption, Meals at Home and Health–Evidence from Washington, DC
Next Article in Special Issue
Peat Land Oil Palm Farmers’ Direct and Indirect Benefits from Good Agriculture Practices
Previous Article in Journal
Integrated Application of Composted Agricultural Wastes, Chemical Fertilizers and Biofertilizers as an Avenue to Promote Growth, Yield and Quality of Maize in an Arid Agro-Ecosystem
Previous Article in Special Issue
Is the Greening Instrument a Valid Precedent for the New Green Architecture of the CAP? The Case of Spain
Article

Economic and Financial Sustainability Dependency on Subsidies: The Case of Goat Farms in Greece

1
Department of Agriculture, International Hellenic University, 57400 Thessaloniki, Greece
2
Department of Agricultural and Forest Sciences, University of Palermo, 90133 Palermo, Italy
*
Authors to whom correspondence should be addressed.
Academic Editor: Roberto Mancinelli
Sustainability 2021, 13(13), 7441; https://doi.org/10.3390/su13137441
Received: 24 May 2021 / Revised: 30 June 2021 / Accepted: 1 July 2021 / Published: 2 July 2021
(This article belongs to the Special Issue Sustainable Agricultural Economics and Policy)
Goat farming is an important production sector not only for Greece, but also for other Mediterranean countries, as it contributes to the family economy in rural areas. Despite the importance of goat farming, this sector has experienced economic difficulties due to poor management and increased production costs. The aim of our research is to determine goat farm profitability by surveying goat farmers for revenues, variable costs, and fixed costs of their farms. With the use of Principal Component Analysis, all economic factors contributing to overall production costs are examined, as well as their specific impacts on cost formulation. According to our results, goat farms in Greece are not profitable and they cannot survive without government subsidies. Farm economics and agricultural policies could be leveraged to improve community and environmental outcomes in order for farms to be economically and financially sustainable. View Full-Text
Keywords: Principal Component Analysis; goat enterprises; sustainable development; financial indexes; subsidies Principal Component Analysis; goat enterprises; sustainable development; financial indexes; subsidies
Show Figures

Figure 1

MDPI and ACS Style

Tsiouni, M.; Aggelopoulos, S.; Pavloudi, A.; Siggia, D. Economic and Financial Sustainability Dependency on Subsidies: The Case of Goat Farms in Greece. Sustainability 2021, 13, 7441. https://doi.org/10.3390/su13137441

AMA Style

Tsiouni M, Aggelopoulos S, Pavloudi A, Siggia D. Economic and Financial Sustainability Dependency on Subsidies: The Case of Goat Farms in Greece. Sustainability. 2021; 13(13):7441. https://doi.org/10.3390/su13137441

Chicago/Turabian Style

Tsiouni, Maria, Stamatis Aggelopoulos, Alexandra Pavloudi, and Dario Siggia. 2021. "Economic and Financial Sustainability Dependency on Subsidies: The Case of Goat Farms in Greece" Sustainability 13, no. 13: 7441. https://doi.org/10.3390/su13137441

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop