Economic efficiency of Slovak agriculture and its commodity sectors

Abstract

The article brings out the findings about economic efficiency of agriculture and its commodity sectors after the accession of Slovakia into the EU. The adoption of the CAP had a positive impact on the growth of the off-market and total income but at the same time, its production efficiency decreased and the production structure has changed. Less efficient sectors of the crop and livestock production declined. Regarding the aspect of financing of the agricultural sector, the European resources, mainly the direct payments, were determined. The total subsidies into agriculture increased in comparison with the pre-accession period. The volume of direct payments including the complementary national direct payments reached the maximum level in 2007, 2008 and 2009.