Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 21 ISSUE 2
Written by Stela TODOROVA, Aneliya PARZHANOVA
Multifunctional agriculture is a continuation of the meaning of diversification. It is a way of undertaking an agricultural endeavor, combining different practices from different sectors. The idea behind such an approach is to use the typical resources of agricultural holdings to achieve results related to other sectors. Multifunctionality can refer to different functions. It has been adopted in agriculture as a paradigm of sustainable agricultural practices to achieve better rural development. Multifunctional agriculture can be an important factor in the economic development of both farmers and rural areas. The aim of the study is to analyze the economic, social and environmental effects of the application of multifunctional agriculture. The research is based on good practices of different farms in Bulgaria. The results show that multifunctional agriculture stabilizes the economic condition of agricultural holdings and contributes to the development of the rural areas in which they are located.
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