<abstract xmlns="http://www.w3.org/1999/xhtml">
<sec><h3>Subject and purpose of work: </h3>
<p>The paper examines two of the most important sectors of agriculture, crop and livestock production, in a time series analysis. The authors analyzed the number of enterprises, the number of employees, labor costs, turnover, and balance sheet total, and also assessed the evolution of liquidity and profitability in the two sectors, broken down by size.</p>
</sec>
<sec><h3>Materials and methods: </h3>
<p>The results of livestock and crop production were examined separately for the period 2008-2020. The analysis was based on aggregated data from the National Tax and Customs Administration in Hungary. Enterprises with the NACE REV 0140 for animal husbandry and 0110 for crop production were studied. In the research time series analysis and, where possible, trend analysis were performed.</p>
</sec>
<sec><h3>Results: </h3>
<p>In the research, the following indicators were examined using time series analysis in both crop and livestock production: the number of companies, the number of employees, the net sales revenue, the composition of net sales, the development of the balance sheet total, cost structure, labor costs, the quick ratio of liquidity, and the ROA indicator.</p>
</sec>
<sec><h3>Conclusions: </h3>
<p>Agricultural enterprises are most affected by the downward trend during the period under review, with the exception that the animal husbandry sector started to decline earlier than the crop production sector.</p>
</sec>
</abstract>

Subject and purpose of work: 
The paper examines two of the most important sectors of agriculture, crop and livestock production, in a time series analysis. The authors analyzed the number of enterprises, the number of employees, labor costs, turnover, and balance sheet total, and also assessed the evolution of liquidity and profitability in the two sectors, broken down by size.

Materials and methods: 
The results of livestock and crop production were examined separately for the period 2008-2020. The analysis was based on aggregated data from the National Tax and Customs Administration in Hungary. Enterprises with the NACE REV 0140 for animal husbandry and 0110 for crop production were studied. In the research time series analysis and, where possible, trend analysis were performed.

Results: 
In the research, the following indicators were examined using time series analysis in both crop and livestock production: the number of companies, the number of employees, the net sales revenue, the composition of net sales, the development of the balance sheet total, cost structure, labor costs, the quick ratio of liquidity, and the ROA indicator.

Conclusions: 
Agricultural enterprises are most affected by the downward trend during the period under review, with the exception that the animal husbandry sector started to decline earlier than the crop production sector.

Changes in the performance of the agricultural sector in Hungary due to the 2008 economic crisis and COVID-19 pandemic

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

Subject and purpose of work: 
The paper examines two of the most important sectors of agriculture, crop and livestock production, in a time series analysis....

Changes in the performance of the agricultural sector in Hungary due to the 2008 economic crisis and COVID-19 pandemic

Published Online: Sep 29, 2023

Page range: 367 - 383

Received: Apr 01, 2023

Accepted: Jun 01, 2023

DOI: https://doi.org/10.2478/ers-2023-0023

Keywords
sector analysis, turnover, balance sheet total, indicators, economic efficiency

© 2023 Enikő Lencsés et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Changes in the performance of the agricultural sector in Hungary due to the 2008 economic crisis and COVID-19 pandemic

Published Online: Sep 29, 2023

Page range: 367 - 383

Received: Apr 01, 2023

Accepted: Jun 01, 2023

DOI: https://doi.org/10.2478/ers-2023-0023

Keywordssector analysis, turnover, balance sheet total, indicators, economic efficiency

© 2023 Enikő Lencsés et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
sector analysis, turnover, balance sheet total, indicators, economic efficiency