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Nonpayments, Bankruptcy and Government Support in Russian Agriculture

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  • Olga Yastrebova

    (NEI – Netherlands Economic Institute and Lomonosov State University, Moscow, Russia.)

Abstract

Russian corporate farms are characterised by low profitability and high indebtedness, which are a major obstacle to their access to credit. The government's subsidised credit programme reduces the cost of borrowing, but access is effectively limited to about 25% of farms that meet both government and bank conditionalities. Government-sponsored machinery leasing is a state monopoly with strong monopolistic effects. The marginal impact of government support programmes requires careful rethinking of the role of government in agricultural finance. To be successful, Russian farms need fewer barriers to the proper functioning of market channels, not necessarily more support. Comparative Economic Studies (2005) 47, 167–180. doi:10.1057/palgrave.ces.8100088

Suggested Citation

  • Olga Yastrebova, 2005. "Nonpayments, Bankruptcy and Government Support in Russian Agriculture," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 47(1), pages 167-180, March.
    • Handle: RePEc:pal:compes:v:47:y:2005:i:1:p:167-180
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    Cited by:

    1. Prishchepov, Alexander V. & Ponkina, Elena & Sun, Zhanli & Müller, Daniel, 2019. "Revealing the determinants of wheat yields in the Siberian breadbasket of Russia with Bayesian networks," Land Use Policy, Elsevier, vol. 80(C), pages 21-31.
    2. Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & Glauben, Thomas, 2020. "Board gender diversity and firm performance: Evidence from the Russian agri-food industry," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(1), pages 35-53.
    3. Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & García Meca, Emma & Glauben, Thomas, 2021. "Corporate governance and firm performance within the Russian agri-food sector: does ownership structure matter?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 649-668.
    4. Wandel, Jürgen, 2011. "Integrierte Strukturen im Agrar- und Ernährungssektor Russlands: Entstehungsgründe, Funktionsweise, Entwicklungsperspektiven und volkswirtschaftliche Auswirkungen. Band I und II," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 63, number 63, September.
    5. Raushan Bokusheva & Irina Bezlepkina & Alfons Oude Lansink, 2009. "Exploring Farm Investment Behaviour in Transition: The Case of Russian Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(2), pages 436-464, June.

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