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

Bruce L. Ahrendsen

No 15779, Staff Papers from University of Arkansas, Department of Agricultural Economics and Agribusiness

Abstract: 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.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2000
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