16. Investment activity of vine-growing holdings and secondary effects under the conditions of CAP (following the example of the municipality of Lyubimets)

Author: Petar Borisov, Teodor Radev, Vasko Koprivlenski

DOI: n/a


Viticulture is a widespread agricultural activity in all areas of planning in the country, it holds a significant share of the income from agricultural activities, affects agro-ecology and contributes to the seasonal employment of the population. Due to the high initial investment costs of setting up vineyards, vine growing holdings are among the most active applicants for funding under the different axes of CAP. The aim of the study was to determine the investment activity of vineyards in terms of CAP and the secondary effects that occur as a result of it. The main hypothesis to be checked for authenticity was that factors such as the legal status, size of income after production strategy, the size of vineyards and their age structure determine the investment activity of holdings. The findings and conclusions of the study identified several key problems inhibiting the growth of investment in the sector and the manifestation of the secondary effects of those, namely: ensuring of additional funds for renovation of the machinery, buildings and irrigation systems in the farms, minimizing the market risk by providing a secure market and using the experience in the management of project documentation accompanying the receipt of financial assistance under the various measures of CAP.