Insufficient and unstable formation of own resources for the purposes of reproduction in the agro-food sector
1999
Hutnik, F. (Slovenska Akademia Vied, Bratislava (Slovak Republic). Prognosticky Ustav)
The speed of the process of the Slovak agro-food sector adaptation to the world market rules is inadequate. The increasing deficit of foreign trade balance on agricultural and food commodities is a fact that supports the above-mentioned conclusion. This way is leading to an increasing external economic disequilibrium. Generally, agro-food companies remain in loss. They fight with a huge insufficiency of their own resources needed for the purposes of reproduction. The production of value added is not only unstable (this is a usual phenomenon even in developed countries) but also insufficient and ineffective. Macroeconomic studies forecast a decline in value of the economic growth of the Slovak Republic, associated with a possible decrease in the real purchasing power of the population. On the other hand, food consumer prices are not expected to grow faster than in the previous years. This fact, however, narrows a space for possible increases in prices of food and agricultural products. With the current rise in prices of inputs, stagnating (or even falling) prices like this create preconditions for the complex rationalisation of the agro-food production. The above process of rationalisation is only in its early phase. The supportive policies of the state should be directed toward selected food companies, preferring all forms of effective co-operation and integration of agricultural producers and processors for the purpose of a more effective usage of the produced value added
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