Driving rural prosperity: The rise of mixed agricultural production in Serbia

Agricultural experts assert that mixed agricultural production is the key to rural survival in Serbia. This versatile sector encompasses both crop cultivation and animal husbandry, along with organic farming and genetically modified plant and animal cultivation. Additionally, activities such as greenhouse crop production, agricultural services, hunting, trapping, and related services contribute to the diversity of this sector.

In rural households, farmers have the flexibility to engage in both animal husbandry and crop farming simultaneously, exemplifying mixed agricultural production. Serbia currently hosts 475 registered companies primarily involved in mixed agricultural production.

By the end of 2020, the total income generated by these companies amounted to just under 10 billion dinars (9,666,270,000). However, over the following two years, this figure experienced significant growth, reaching 15,491,965,000 dinars.

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Data from the credit rating company CompanyWall indicates that Agrostoj doo from Glogonje emerged as the top earner in 2022, with total income reaching 3,540,747,000 dinars—triple the amount recorded in 2020, which stood at 1,075,950,000 dinars. Following closely is Knez Agrar from Belgrade, with total income of 1,631,876,000 dinars in 2022, representing an increase of nearly 500 million dinars compared to 2020. Metal-hemiko doo Ada secured the third position, boasting total revenues of 1,361,197,000 dinars in 2022—a substantial increase of over 350 million dinars compared to the previous two-year period.

Tabex doo Mačvanski Pričinović witnessed a remarkable surge in total revenues, soaring from 28,741,000 dinars in 2020 to an impressive 1.3 billion dinars (1,315,089,000) in 2022. Hollo Company from Doroslov clinched the fifth spot with total revenues of 990,109,000 dinars in 2022.

Metal Hemiko leads in terms of employment, with 111 employees, followed by Agrostoj with 15, and Tabex with four, according to 2022 data. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for these companies ranged from 320,479,000 dinars for Metal Hemiko in 2022 to 9,881,000 dinars for Bel Qistas from Belgrade.