The influence of finance on the efficiency of state farms

Zakharov, A.N.

Finansy SSSR 6: 43-49


Accession: 001487906

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The increase in USSR agricultural prices in 1983 has had a positive effect on the financial position of state farms. In 1983 the total audited loss of state farms amounted to 500r million; in 1984 they registered a surplus of 6400r million. In spite of this, the situation is still not satisfactory, the losses of unprofitable farms in 1984 were still ten times above planned levels. The central problem remains the high level of production costs in state farms. A system must be found to hold farm managements more closely accountable for their own farm results.