Utilisation of the data Utilization of accounting results
In Finland, the profitability bookkeeping data is the sector's only farm-level research data from which adjusted income statements and balance sheets can be formed, serving as the basis for calculating key figures describing profitability, among other things.
The results calculated from the data are utilized in a wide variety of ways:
The data is used to fulfil the statutory FADN/FSDN data delivery obligations to the European Union.
The data is used to produce various simulation results for the agricultural administration, for purposes such as evaluating and developing subsidy systems, as well as for negotiations with the EU. EU calculation principles are used in compiling the data, which is why the data and its results enjoy the confidence of the EU.
Average and dispersion results are available across several different services on the EconomyDoctor website (e.g., Agriculture and Horticulture, Total calculation, Greenhouse Gas Emission calculation, etc.). Forecast results based on the data are available in the Agriculture service. On average, one table is retrieved from EconomyDoctor's services every minute of the working day.
Researchers from research institutes supply various calculation codes that are integrated into the EconomyDoctor system. In this way, various analysis results can be calculated from the farm-level data while strictly maintaining data protection. The results are provided in EconomyDoctor's services at the average level. The results benefit the entire sector in many ways.
The average data available from EconomyDoctor is utilized in agricultural education, by authorities, in agricultural advisory services, advocacy, the media, enterprises, etc.
Entrepreneurs participating in FADN/FSDN activities utilize the average results calculated from the data, as well as farm-specific feedback and comparison reports, in the financial planning and development of their enterprises.
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