Assessment of the Relationship Between Farm Size and Flexibility: The Case of Ukraine

High flexibility is a necessary criterion for an agricultural business to survive in an uncertain environment characterized by chaotic dynamics and an increasing pace of innovation as well as by various weather and market risks. The purpose of this research is to assess and benchmark the flexibility level of differently sized agricultural enterprises. Such research methods as standardization and integrated evaluation (to define the partial and integrated flexibility coefficients), correlation and regression analysis (to assess the interrelation between the farm size and flexibility) as well as techniques of mathematical statistics (to benchmark the flexibility level of agricultural companies varying in size) have been used in this study. It has revealed that the bigger the enterprise is, the more strategic flexibility it has. However, its structural flexibility and the value of the integrated flexibility coefficient are independent of the company size. Smaller agricultural enterprises are less strategically flexible compared to their larger counterparts due to limited resources.