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transformation indebtedness of cooperative farms

Author

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  • Emil Divila
  • Stanislav Marchal

Abstract

Due to the previous dominant position of cooperatives ( collective farms ) in the Czech agriculture transformation of property rights in the post-November period was a key part of agricultural reform. Further outlook of the present (transformed) cooperatives which accounts for roughly a half of the total agricultural outputs represents a cardinal problem of the future agrarian structure in the Czech Republic. This outlook is, however, rather problematic. It is not only a result of some weak features of the cooperative as a specific business form (problems ensuing from the complicated ownership and interest structure in cooperatives). What makes the cooperative farms in the Czech Republic so vulnerable is their transformation indebtedness - extensive term liabilities due to entitled persons who took part in the transformation of property rights in cooperatives several years ago.

Suggested Citation

  • Emil Divila & Stanislav Marchal, 1996. "transformation indebtedness of cooperative farms," Prague Economic Papers, University of Economics, Prague, vol. 1996(3).
  • Handle: RePEc:prg:jnlpep:v:1996:y:1996:i:3:id:111
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