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ECONOMIC EFFICIENCY OF BIOSTIMULANTS IN AGRICULTURE

Addressing issues related to the economic efficiency of biostimulants in agriculture meets the needs of farmers and consumer requirements. The urgency of this study is also determined by its compliance with the priorities of the European Union for the new CAP 2021+, in accordance with the national priorities for healthy food. Increasing plant productivity can be achieved, on the one hand, through genetics and selection, as well as through the management of physiological and biochemical processes through the use of growth regulators, on the other hand. The aim of this study is to evaluate the economic efficiency of biostimulants used in agriculture. The economic efficiency of the various biostimulants is established by solving the problem with the production structure of the agricultural holding. To establish the economic efficiency of the various biostimulants, an economic-mathematical model based on linear optimization has been developed. The results of preliminary studies show that in assessing the impact of biological substances it is necessary to take into account not only the increase in profitability and profit of a particular crop but also whether the profit of the farm as a whole has increased.