IMPACT OF EU SUPPORT FOR SMALL FARMS ON ECONOMIC INDICATORS OF LITHUANIA IN THE PERIOD 2014-2020 IN THE CASE OF TAURAGE REGION

Abstract

The aim of this article is to assess the situation of small farms in the Taurage region during the 2014-2020 period and the influence of the support provided to them on the economic indicators of the farm and the gross domestic product. The article conducts a systematic scientific analysis of literature and documents. The empirical study is based on statistical data, from which additional data are derived, calculations are performed. The information obtained is compared, summarized, and visualized. The research is carried out to assess the influence of EU support on the economic indicators generated by small farms but does not cover social, cultural, and sustainability aspects. The study found that the EU support allocated to small farms in the Taurage region during 2015 – 2019 does not have a significant impact on the growth of standard production, the overall agricultural product, and the gross domestic product, but the Taurage region is competitive and stable in terms of Lithuania.