CONSIDERATIONS REGARDING THE EXPENDITURE FOR AGRICULTURE IN ROMANIA IN THE CONTEXT OF ECONOMIC AND FINANCIAL CRISIS

Daniela Roman

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 524-528

Abstract: Agriculture is a traditional branch of Romanian economy which provides alimentary products needed by population, raw materials for industrial branches and products for export. In the last two decades, one of the most important characteristics of Romanian agriculture has been the chronic lack of capital. This caused the growth of inefficiency in resource allocation with consequences on development of competitiveness of Romanian farmers and of the entire agricultural sector. Privatization of agricultural lands determined the creation of millions of agricultural family holdings, of small sizes, with low yield production, especially for self-consumption. In this paper we will present some aspects regarding the amounts for agriculture in Romania in recent years and in the current financial and economic crisis conditions.

Keywords: common agricultural policy; agricultural subsidies; direct support of state; direct payments; economic and financial crisis. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:524-528

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