FINANCIAL CHALLENGES FACED BY SMALL AGRICULTURAL FARMS

Petar Dzhandarmov

Abstract


Small agricultural farms, despite their significant role in the agricultural sector and rural areas, face numerous challenges that can hinder their development and sustainability. One of the main challenges is limited access to financing. This issue manifests in difficulties securing capital for investments in new technologies, infrastructure improvements, land acquisition, or the expansion of production capacities. The lack of sufficient financial resources restricts farmers' ability to optimize their production and compete effectively in the market. Addressing these financial barriers is crucial for enhancing the viability and modernization of small farms.


Keywords


financing, challenges, agriculture, limited access, hindrance, lack, financial resources, farmers, competition

References


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New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria - contract № КП-06-НП1/5 of 17.12.2019 in the competition of Bulgarian scientific periodicals – 2019

New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria – contract № ДНП 05/52 от 22.12.2016 in the competition of Bulgarian scientific periodicals – 2016

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