Title: The impact of financial factors and advisory services on the viability of cotton, rice and maize crops in Greece

Authors: Alexandra Pavloudi; Maria Tsiouni; Georgios Kountios; Dario Siggia

Addresses: Department of Agriculture, International Hellenic University, Campus P.O. Box 141, Sindos, 57400, Thessaloniki, Greece ' Department of Agriculture, International Hellenic University, Campus P.O. Box 141, Sindos, 57400, Thessaloniki, Greece ' Department of Agriculture, International Hellenic University, Campus P.O. Box 141, Sindos, 57400, Thessaloniki, Greece ' Department of Agricultural and Forest Sciences, University of Palermo, Viale delle Scienze, 4, 90128 Palermo, Italy

Abstract: In Greece, maize, cotton, and rice industries play a vital role in the economy. Besides being important for human sustenance, it is also important for agricultural development. However, their production's economic viability and sustainability have been scrutinised. As a result of high production costs, the sector has been less competitive than other countries with more developed farming sectors. The purpose of this article is to discuss the economics of sustainable and viable farming. In order to determine the overall production cost, all economic factors are considered, principal component analysis was applied to the data. Results showed that by adopting sustainable practices, such as advisory services, the cotton, rice, and maize sectors in Greece can increase their competitiveness and viability.

Keywords: financial factors; viability; cotton; rice; maize; advisory services.

DOI: 10.1504/IJMFA.2025.142942

International Journal of Managerial and Financial Accounting, 2025 Vol.17 No.1, pp.1 - 12

Received: 17 May 2023
Accepted: 06 Sep 2023
Published online: 02 Dec 2024 *

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