In the process of acceding the EU Serbian agricultural sector is to align a set of regulations and standards and adopt certain requirements compliant with the objectives of the Common Agricultural Policy (CAP), inter alia, to establish Farm Accountancy Data Network (FADN). This system enables recording transactions at farm level throughout the year, thus allowing farmers to manage their business operations better on one hand, and policy makers to evaluate the effects of implemented measures, on the other. Such a system, used to monitor specific economic indicators, will enable comparison of the respective farm data at national, regional and European levels.