Analysis of amount and structure of investments into the sheep and goat farms in the European Union and the Republic of Serbia

Abstract

Sheep and goat production is different from other types of livestock production (cattle, pig, poultry production) because it is most commonly extensive, which means that it demands a relatively low level of investments into buildings, equipment and other fixed assets. This paper aims to analyse characteristics of investments into the sheep and goat production in the European Union and compare them to the similar investments in the Republic of Serbia. In order to analyse the state in the EU, data from the appropriate FADN data base were used, as well as the sector analyses conducted for the area of the EU. On the other hand, in order to analyse necessary investments into sheep and goat production in Serbia, available technical and technological data and appropriate literary sources were used. Analysis of construction costs for buildings used in sheep and goat production was done, as well as the calculation of investments into appropriate necessary equipment. It has been noticed that there is a need for enlargement of the sheep and goat farms in Serbia in order to provide a proper living standard for holders of such enterprises. [Project of the Serbian Ministry of Education, Science and Technological Development, Grant no. 179028: Ruralno tržište rada i ruralna ekonomija Srbije - diverzifikacija dohotka i smanjenje siromaštva]

Keywords

• sheep and goat husbandry
• extensive production
• investments