Economic and social changes that are taking place in society raise new requirements for farmers and their activities, and therefore farmers' cooperation into agricultural cooperatives is becoming an inevitable today's routine. It is noteworthy that activities of the farmer's economy must be effective and become a target not only for the farmer himself but also for the cooperative he belongs to. Consequently, under current, ever-changing conditions, the agricultural cooperative is becoming an instrument for helping the farmer to adapt to a changing environment and operate effectively. The aim of this paper is to select a system of indicators for assessing the efficiency of farmers‘ farms by analyzing the significance of cooperation. Research methodology: scientific articles of 1995-2015, examining the significance of cooperation for farmers‘ farms as well as methods, indicators and systems for the assessment of farms‘ efficiency, were analyzed. Based on the analysis carried out, the Balanced Scorecard, covering four criteria such as farm finance, internal business, customers and innovations, was selected to assess the efficiency of farmer‘s farm in the context of cooperation.
JEL Codes: D11, D19.
Keyword(s): agricultural cooperative, balanced scorecard, cooperation, farmers’ work efficiency