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Lookup NU author(s): Professor Matthew Gorton
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This paper revisits the literature on farm restructuring in the CEECs by analysing the variations in farm performance in the Czech Republic a decade after the start of the transition process. It identifies seven clusters of farms that differ in their productivity and profitability using data from 1998 and 1999. The analysis reveals that the vast majority of farms are unprofitable, and there is no strong evidence that individual farms perform better than corporate farms. In fact, there are large numbers of individual farms that are lossmaking on their agricultural activity with low factor productivity. Producer co-operatives and limited liability companies suffer from debts inherited from the reform process. Future restructuring is likely to occur in all clusters rather than affecting just corporate farms.
Author(s): Davidova S, Gorton M, Iraizoz B, Ratinger T
Publication type: Article
Publication status: Published
Journal: Journal of Agricultural Economics
Print publication date: 01/07/2003
ISSN (print): 0021-857X
ISSN (electronic): 1477-9552
Publisher: Wiley-Blackwell Publishing
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