Author(s): Csaba Bálint, Tamás Tóth
Title: What is wrong with the concept of specialized financial institutions in the Hungarian agriculture?
Source: International Scientific Days 2016. The Agri-Food Value Chain: Challenges for Natural Resources Management and Society
Document Type: Scientific paper
ISBN: 978-80-552-1503-7
DOI: http://dx.doi.org/10.15414/isd2016.s5.02
Publisher: Slovak University of Agriculture in Nitra
PY, pages: 2016, 321-328
Published on-line: 2016-06-24
Language: eng
Abstract: In the second half of the 20th century, in addition to the positive benefits of intensively industrializing agriculture, such social and environmental problems appeared that seriously threatened the sustainable development. By today, in response to the warning signals – broadened its traditional roles – very strong expectations have been formulated regarding the agrarian sector. In summary, agriculture has complex productive, regional, ecological, social and cultural functions. The social utility of the above mentioned functions is indisputable, the fulfilment of those is the strategic interest of all countries, and it is also the key to their sustainable development. However, there are such political, economic and social conditions and processes that impede the realization of these objectives, while at the same time urge the conscious measures to this effect. The aim of our study is to investigate the possible financial resources of ‘environment- and human-friendly’ and to find the factors which help or hinder the competitiveness and effective financing of the agrarian sector. We examine the opportunities of establishment and operation of state initiative agrarian bank, which only appeared so far on rhetoric level and aims the cheap and efficient financing of domestic agriculture, by drawing on domestic experiences and international models.
Keywords: specialized financial institutions, agricultural bank, credit union
JEL Classification: Q14
Rights: Open Access :: Creative Commons Attribution 4.0 Licence
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