Financing Romanian Agricultural Cooperatives’ Investments for the 2023–2027 Horizon

Monica Laura Zlati, Andrei Mirel Florea, Valentin Marian Antohi (), Marius Sorin Dinca, Florentin Bercu, Costinela Fortea and Stanciu Silvius
Additional contact information
Monica Laura Zlati: Department of Business Administration, Dunarea de Jos University of Galati, 800008 Galați, Romania
Andrei Mirel Florea: Department of Materials and Environmental Engineering, Dunarea de Jos University of Galati, 800008 Galați, Romania
Valentin Marian Antohi: Department of Business Administration, Dunarea de Jos University of Galati, 800008 Galați, Romania
Marius Sorin Dinca: Departament of Finance, Accounting and Economic Theory, Transylvania University of Brasov, 500036 Brașov, Romania
Florentin Bercu: Union of the National Branch of Crop Sector Cooperatives, 020491 Bucharest, Romania
Costinela Fortea: Department of Business Administration, Dunarea de Jos University of Galati, 800008 Galați, Romania
Stanciu Silvius: Department of Food Science, Food Engineering, Biotechnology and Aquaculture, Dunarea de Jos University of Galati, 800008 Galați, Romania

Sustainability, 2023, vol. 15, issue 3, 1-28

Abstract: Agriculture represents an important sector of the Romanian economy, with certain vulnerabilities under the current geo-political context and pedoclimatic changes with a direct impact upon food security at national and European levels. This paper analyzes the possibilities for revitalizing the Romanian agricultural sector, which was affected by the excessive inflation (especially via the price increases of fertilizers and fuels) and drought, both generating significant cereal and agricultural production losses. The current research highlights the main investment options for the managers of 219 Romanian agricultural cooperative companies, including the available financing alternatives. In our view, the investments realized within the agricultural cooperative companies support the creation and increase in value added and reduce specific risks, consolidating the role and status of agricultural producers within the food chain. The research evaluates the Romanian agricultural investment typologies and establishes a model of assessing these investments by correlating the information obtained from the questionnaire distributed. The research methods include analyzing the reference literature, building the database, collecting and processing the questionnaires’ observations, transforming the qualitative data into quantitative ones and modeling them with econometric instruments. The results obtained using the econometric model reveal the main investment directions to be integrating the production chains through economic association forms, including constructing and modernizing the warehouses, processing the primary products and obtaining higher value-added products, identifying various distribution channels, making the most of all available resources and focusing on digitalization, efficiency, circular economy and short supply chains. The study is of interest for the investors and managers of agricultural cooperative companies from Romania and Europe in view of securing sustainable development, enhancing the role of agricultural producers within the food chain and increasing efficiency of the agricultural activity, with a direct impact upon European food security.

Keywords: agricultural cooperative companies; investments; economic model; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/3/2306/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/3/2306/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:3:p:2306-:d:1047843

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().