PRODUCTION POTENTIAL AND ECONOMIC FEASIBILITY OF MEDICINAL PLANT PRODUCTION IN UKRAINE

• Main Author: Tetiana MIRZOIEVA
• Format: Article
• Language: English
• Published: Publishing House of Rzeszow University of Technology 2020-06-01
• Series: Modern Management Review
• Subjects: medicinal plants, production, enterprise, economic efficiency
• Online Access: http://doi.prz.edu.pl/pl/pdf/zim/422

The article examines some aspects of the current state of production of medicinal plants in Ukraine. The analysis of the functioning of enterprises in this industry in terms of purely medicinal, essential oil and spicy crops is made. Characteristic tendencies of production of medicinal plants are revealed. The main reasons for the reduction of the number of enterprises in Ukraine engaged in the cultivation of medicinal plants are outlined. The emphasis is placed on the sown areas of medicinal plants in Ukraine, production volumes, yield levels and sales volumes. As a result of the analysis of groupings by sown area of medicinal crops, clear dependences on this factor of indicators of economic efficiency of production of medicinal plants in agricultural enterprises were revealed. The factors that determine the economic feasibility of production of this product are identified.