Calculation of the Price of Cereals on Small and Medium-Sized Farms in Vojvodina

The main goal of the study is to use scientific methods to provide insight into all the costs and expenditures arising from cereal production on farms in Vojvodina. The costs include direct (individual) costs, such as production materials and mechanical works, and indirect (general) costs, such as property taxes and insurance. The paper deals with the costs calculated with the rent, the costs calculated without rent, 10-year increase in cereals yield, 10-year price increase, the increase of parities for production materials and combine harvesting, deterioration of business conditions and other factors that affect the profitability of conducting business in this sector of crop production. The subject of this study is price calculation on farms in Vojvodina in the period from 2007 to 2017. In order to accomplish the task of the study it was necessary to apply different methodological procedures, including the following methods: analytical-synthetic method, abstraction and concretization, generalization and specialization, comparison and classification, generalization and statistical methods. The paper aims to provide a theoretical and practical contribution in defining long-term directions in production on farms in Vojvodina.