Organizational, Technological and Economic Indicators of Beef Cattle Production on Family Farms Dragić ŽIVKOVIĆ 1 , Zoran RAJIĆ 1 , Sreten JELIĆ 1 ,Zoran MILOVANČEVIĆ 1 ,Bojan DIMITRIJEVIĆ 1* 1 Department of Agricultural Economics. University of Belgrade, Republic of Serbia. *)corresponding author, e-mail: bojandi@agrif.bg.ac.rs BulletinUASVM Horticulture 72(2) / 2015 Print ISSN 1843-5254, Electronic ISSN 1843-5394 DOI:10.15835/buasvmcn-hort:10735 Abstract The paper discusses the organizational, technological and economic aspects of the most important indicators of beef cattle production on family farms. Emphasis is placed on explaining the connections and relationships between organizational, economic, technical and technological business segments of family farm. The ultimate goal of this paper is to evaluate the strengths of the business, as well as the ways to eliminate or reduce the impact of those factors whose influence adversely affects the business. The data for this paper were collected from family farm business reports, throughout direct communication with employees, from relevant literature and internet. Several methods were applied, including: a method for content analysis, calculative and balance methods, spreadsheets, as well as method of comparative analysis and principles of business economics. Key success indicators of beef cattle production on the family farm suggest that, considering both observed years, the business achieved satisfactory results. Although there was a decline in productivity, total efficiency measured by the ratio of total income and total expenditure is on an uptrend. An investment turnover ratio show that 100 RSD invested in the production achieves 63 RSD of final product value in 2011, or 55 RSD in 2012. In both years, current assets covered the current liabilities. The family farm was not solvent in either of the observed years, except that in 2012 the solvency increased by 42% compared to the previous year, 2011. Total debt increased by 45%, whereas total operating assets increased by 106%. Based on the obtained results it can be concluded that the observed family farm provides a good example of how organized and proper process technologies of cattle production may improve the achieved business results. Keywords: cattle production technology, economic principles, family farm INTRODUCTION In the Republic of Serbia, as everywhere in the world, beef cattle breeding is the main category of cattle breeding, focused on intensive meat production. Countries with developed economy enhance beef production by guiding of genetic improvement of cattle features, selection within the race and expert consultation for improvement of the beef cattle base and cattle feeding. Scientific research and professional work realize proven solutions for applied production system and required meat quality. Last few years the beef cattle production has not been competitive with the milk production. Consequently, the production of beef was significantly reduced and the producers have been trying to achieve bigger profit by better organization of work and savings in the production. Serbia has favorable natural conditions for the development of livestock, but in the last 30 years a decreasing trend in number of cattle and calf heifers was recorded. Livestock production in Serbia is facing with obstacles, which are mainly results of insufficient attention (on all levels) paid to this agricultural sector (Bogdanov and Petronijević, 2009; Subić et al., 2009; Tomić et al., 2011). Cattle breeding is the most important livestock sector in Serbia. According to the Report (PO12) of the Statistical Office of Serbia, on 1/12/2013 balance, total number of cattle was 912,147. According to the 2012 Agricultural Census, total