The Position of Agriculture in Hungary since the Political Regime Transformation (1990), with Special Regard to Outstanding Debts

Zoltán Imre Nagy ()
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Zoltán Imre Nagy: Óbuda University

from Óbuda University, Keleti Faculty of Business and Management

Abstract: In the past 25 years the situation of agriculture changed at its roots. An essential element of this change was the fact that the trade of agricultural products was relatively restricted at the time of the political system transformation, and within agriculture this was especially true in respect of the input materials. The associated risk has been extremely high (and it is high even today), even for the large companies and large farmers. Some of the banks and primarily some of the integrators backed up by foreign parent companies have not taken this into consideration and are not paying due attention to this aspect even today. It has to be highlighted that for the so-called forced entrepreneurs the sole strategy is the strategy of survival even today, and not development. This study deals with the management of the outstanding debts that evolved as a consequence of financing provided both by the banks and the integrators, since the development and the management of the claims and non-performances are practically independent of the form of funding. Therefore one of the major problems in this field is the development of outstanding debts and their appropriate management. Some proven and successful solutions are presented in this study in this regard, among others the study presents proposals for applying the method of the so-called “Standing Crops” for collecting the debts.

Keywords: Agriculture; receivables; debt collection; standing crop; inputs; cultivation contract (search for similar items in EconPapers)
Date: 2015
ISBN: 9786155460470
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Citations: View citations in EconPapers (2)

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