COMPARATIVE STUDY AIMING THE LENDING LEVEL OF AGRICULTURE IN SOME EUROPEAN COUNTRIES
Abstract
The present paper analyzes the lending level of agriculture in Romania compared to Hungary and the Czech Republic, on one hand (neighboring countries) and Germany and Italy, on the other hand (countries with developed agriculture and significant support from financial institutions). Although in our country in recent years there has been noticed an improvement in agricultural lending, in the sense of increasing the total volume of loans granted, we are still far from the situation encountered in many EU countries. Compared to our country, Germany, one of the European countries with the highest level of agricultural development, allocates 3002 euros as bank loan for 1 hectare of used agricultural area, the level of bank loans for financing one hectare being thus 11.1 times higher than in the case of Romania. Italy, a country with an used agricultural area of approximately equal to Romania’s one, channels to agriculture 12.6 times more loans, returning an average of 3405 euros per hectare. The Czech Republic, with an used agricultural area a little over a quarter that of Romania’s, finances farms with bank loans with an average amount of 651 euros per hectare, meaning 2.4 times more. Of the analyzed countries, only Hungary allocates less of bank loans to agriculture than Romania. The average amount of which Hungarian banks lend the agricultural sector is 225 euros per hectare.
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Copyright (c) 2020 Andrea Feher, Karoly Bodnar, Miroslav Raicov
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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL
ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)
PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English
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