Farmers are more pessimistic
Usually optimistic enterprises in the agricultural sector have rather reserved expectations about 2014, they are more pessimistic than the SME average – reveal the latest data from K&H’s SME confidence index. In the survey 500 Hungarian SMEs were asked and the main reason for agri-businesses’ pessimism is that buyer and financial prospects turned to the worse from the previous quarter. István Tresó, the head of K&H’s agricultural sector development division told that buyers pay after 34 days in the sector, 6 days later than in the previous quarter. In addition to this, the financing period – the time between buyer and supplier invoice payments – doubled to 14 days, consequently agri-businesses face liquidity problems. The SME sector’s averages in the same respect are 27 and 6 days, respectively. Farmers are also more pessimistic about financial results: they calculate with a 3.7-percent increase in revenues in the next 12 months – in the previous quarter this ratio was 6.4 percent.
Related news
Related news
Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the…
Read more >Tourism economy deteriorating, but better than the national economic average
In June 2025, 70% of tourism companies reported an increase…
Read more >Price increases, export declines, new consumer habits – this is how the poultry and egg market developed in the first half of 2025
Látványos változások jellemezték 2025 első félévét a hazai baromfi- és…
Read more >