Sustainability of agricultural farm financing in the Republic of Serbia

Abstract

Small and medium-sized enterprises, as well as entrepreneurs in agrobusiness, make a major contribution to the economic growth and development of a country's economy. The current legislative and executive branches of government create fiscal policy of a country, which plays a significant role in supporting entrepreneurship. In a way, farms can be considered as a form of SME, because no agricultural farm, except privatized but previously fragmented agricultural combines, falls into the category of large enterprises or large farms. The state should promote the integration of new technologies and farmers should be provided training for the adoption of technologies, and given grants for innovations which is also the subject of research in this paper.