Focusing on sustainability, the new Common Agricultural Policy (2023–2027) sets ambitious goals for water management, as reducing irrigation water use is a vital issue. Cooperation among farmers, relevant authorities, and researchers plays a significant role in achieving these objectives. Therefore, this study applies a multicriteria mathematical programming model to optimize land use, considering water use, profit, labor, and cost. The model was applied to three farmer groups located in Greece and proved to be valuable in the implementation of irrigation water use. Using the same methodology, two additional cases of farmer groups that utilize drylands are presented in complementary ways to investigate how the new CAP affects non-irrigated land uses. Regarding the irrigated case, reducing water usage involves decreasing the land dedicated to crops characterized by high water demand, such as rice, corn, vetch, and clover. This adjustment stems from the necessity to replace irrigated land with non-irrigated land because climate change demands low water consumption for crops and underscores the importance of the new policy framework to promote sustainable agriculture. As for the non-irrigated case, achieving optimal farm planning entails reducing the cultivated areas of vetch, grassland, and sunflower. This result is driven by the need to increase crops receiving primary subsidies, highlighting the necessity for non-irrigated farms to enhance their profitability through the benefits provided by the Common Agricultural Policy. Lastly, it is important to note that this study significantly contributes to guiding decision-makers in achieving alternative agricultural land uses and farm plans while also aiding in the comprehension of the new cross-compliance rules.

Technical efficiency is considered a useful advisory tool for managers whose main goal is to maximize profit and minimize costs. Data envelopment analysis is a widely accepted methodology for technical efficiency estimation in the sector of agriculture. For that reason and with the view to extract useful conclusions regarding farmers’ effective management of inputs, this study aims to present the DEA method through its implementation in a set of farms located in the regional unit of Pieria. To conduct this analysis, relevant data were collected through a survey in which 40 farms participated. The output variable was chosen to be each farm’s total amount of sales, while the inputs were selected in a way to represent the main factors of production, such as (1) land in acres, (2) labor in hours, and (3) variable costs in EUR. The results showed that the examined farms need to reduce the inputs used by 34.6% to operate more efficiently from the point of view of the CRS model. Therefore, farmers should be motivated to reduce the inputs used, something that can be done through the provision of specialized advisory services. This will, of course, be helped by both the local authorities and the policies of the country in which the rational use of inputs seems to be necessary. This study may contribute to the relevant literature, agriculture, and the area since management suggestions are formulated for the farmers of Pieria’s regional unit.

This paper investigates the efficacy of weather derivatives as a risk management tool in the agricultural sector of Naousa, Greece, focusing on tree crops sensitive to temperature variations. The specific purpose is to assess how effectively weather derivative options can mitigate financial risks for farmers by providing strategic solutions. The study assesses the strategic application of Heating Degree Days (HDD) index options and their potential to alleviate economic vulnerabilities faced by farmers due to temperatures fluctuations. Employing different strike prices in Long Call and Straddle options strategies on the HDD index, the research offers tailored risk management solutions that cater to varying risk aversions among farmers. Moreover, the study applies the Value at Risk (VaR) methodology to quantify the financial security that weather derivatives can furnish, revealing a significantly reduced probability of severe financial losses in hedged scenarios compared to no-hedge conditions. Results show that all implemented strategies effectively enhance financial outcomes compared to scenarios without hedging, highlighting the exceptional utility of weather derivatives as risk management tools in the agricultural sector. Strategy 4, which exhibits the lowest VaR, emerges as the most effective, providing substantial protection against adverse weather conditions. This research supports the notion that weather derivatives can substantially contribute to the economic sustainability of rural economies, influencing policy decisions toward enhancing financial instruments for risk management in agriculture.

Management and utilization of factors of production, in addition to diversification of land use, affect the performance of farms. In this article, it is identified whether the diversification of land use through its disposal to tourism infrastructure has a positive impact on the farms’ income. This identification was conducted by processing technical and economic data and applying bootstrap regression analysis. The research was conducted using a sample of 56 farms active in hospitality alongside agriculture, utilizing possibly uncultivated areas of land. Data collection was carried out by personal visits to the examined farms. The results showed that the performance of the farms is enhanced by tourism activity. At the same time, the results showed that land used for tourism activities has a positive impact on farms’ income. Paid labor also appears to have a positive influence. Although this investigation was executed in the Region of Central Macedonia (Greece), it contributes to strengthening the existing literature on rural tourism and land use. At the same time, it gives alternatives to policy-makers and owner-managers of farms regarding the utilization of the available factors of production with an emphasis on the land one.

This research investigates the implementation of multi-criteria decision analysis (MCDA) within the framework of the Common Agricultural Policy (CAP) for the period of 2023–2027, focusing on optimizing agricultural sustainability and profitability in Northern Greece. Using data from three farmer groups across Central and Western Macedonia, the study explores the application of MCDA models within three distinct case studies: the first optimizes a farm system focused on input minimization (Loudias), while the second and third (Ryakio and Agia Paraskevi) adopt a more comprehensive approach to farm management. More specifically, the first case focused on maximizing gross margin, minimizing variable costs, and reducing fertilizer use without targeting a reduction in water usage. By contrast, the second case study adopted a holistic approach to farm management, integrating water conservation in the Ryakio farmer group. The third included the requirement to keep arable land fallow in the Agia Paraskevi farmer group, reflecting the CAP’s new mandates. The results indicate that MCDA facilitates strategic crop selection and land changes that significantly enhance farm management efficiency and sustainability. The optimization led to more significant percentage increases in gross margin for the second (Ryakio) and third (Agia Paraskevi) case studies compared to the first, with the Agia Paraskevi group showing the most substantial improvement.

The aim of this study is to change land use by applying a decision support model that will contribute to the assimilation of the new cross-compliance rules, to optimal water management, and to the enhancement of the effectiveness and profitability of the farms. The research objective will be achieved by establishing 50-acre pilot fields for five farmer groups through the optimal allocation of limited economic and land resources. The result extracted will lead to the gradual incorporation of the new directives to reduce production costs and recognize the new cross-compliance rules.