SLOVAK FARM FINANCIAL PROBLEMS: PROFITABILITY, DEBT, LATE PAYMENT, AND LACK OF CREDIT

The paper assesses the farm financial problems in the Slovak Republic and provides recommendations for improving the situation. Although positive changes have occurred in the financing of agriculture in the Slovak Republic since becoming an independent country in 1993, problems still remain. Many farms remain unprofitable, farms still have old debt that was issued prior to 1990 and uncollectible debt that was issued since 1990, farms are not paid promptly for the products they sell, and there continues to be difficulty in farms attracting credit. Recommendations for improving the delinquent farm liquidation decision, farm profitability, prompt payment, and credit access are provided.


Issue Date:
2000
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/15779
Total Pages:
11
Series Statement:
Staff Paper SP13 2000




 Record created 2017-04-01, last modified 2017-08-24

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