The Role of the State in the Privatization of the Agricultural Sector

Rajnović, Ljiljana and Cico, Snežana (2019) The Role of the State in the Privatization of the Agricultural Sector. In: Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region : sustainability and multifunctionality. Institute of Agricultural Economics, Belgrade, pp. 441-457. ISBN 978-86-6269-067-8

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Abstract

The Republic of Serbia is in the final phase of the transition, favorable to the world economic trends, in particular the World Bank, the International Monetary Fund (IMF), which was completed by all other countries of Eastern Europe, parts of Asia, South America and parts of Africa, where the business activity was predominantly performed in the form of various economic entities in which it transposed state or social capital. The transition includes comprehensive changes in the country of origin, including the privatization of state capital, means, companies that have agricultural land on their property that represents good of general interest in Serbia. The buyer of capital in the process of privatization has the undoubted interest, for the good engagement of the company that it purchases in the privatization process, in order to achieve its own economic goal, the maximization of the profit of the company, for the return of invested funds, first of all, obtain own earnings, but also payment of the deserved indication to all other entities, to whom he directly or indirectly operated with. Beside the responsibility for the successful operations of the majority owners of capital, the burden of responsibility for the operations of a privatized enterprise that owns agricultural land in a certain sense, has a state also, taking into account responsibility of the state for performing activity of general interest, primarily for the use of goods of general interest and performance of activities of general interest the choice of the manner of privatization and the choice of the buyer, as well as the permanent control of the performance of the obligations of the buyer from the privatization contract.

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