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Technological and Economic Analysis on the Hungarian Rice Sector
226-233Views:67Hungary lies on the northern edge of rice production area. According to this, the climatic conditions area not perfect for this species. The production area of rice involves typically the poorer quality soils, however these meet the requirements of rice. In Hungary exclusively domestic types are grown which have high yield and good quality and these are usually wore successful than foreign types. On the other hand, these Hungarian types should be improved considering safety in production. Nowadays, rice is grown in large scale companies with 300-1400 hectares, where production technology already exists, machinery is suitable, however the latter one a little bit old.
The average yields of the analysed companies were 3-4 t/ha in the past few years, which were a little bit above the national averages. The operating cost per hectare is almost 200 thousand HUF, from which the main part is the cost of machinery (35%) and the material cost (34%). The main part of the latter one is the irrigation costs (30%). The average cost, calculated from the total production cost, is 80 thousand HUF/t. Considering the above-mentioned costs and the price of rice (75 thousand HUF/t) it can be stated that the profitability of the rice sector is not the best, the cost rated profitability is -6.6%. According to the results of this analysis possibilities for the increase in profitability and improvement are increased subsidies and market price, as well as genetic improvement. -
Food Safety in EU Higher Education
188-197Views:75Under the aegis of the Lisbon Strategy, special attention is paid to education and areas left untouched by the European integration process. Human capital and research inputs were identified as major driving forces for long-term development. The European Union is keen on meeting its target of boosting research spending to 3% of GDP by 2010. In order to contribute towards his goal, the European Commission has set aside an amount
which is double the budget of the 7th Framework Programme. Accordingly, preferences were given to research and development projects encouraging competitiveness in the food industry and other initiatives, such as the European Technology Platforms. Major obstacles to innovation in Hungary are: lack of funds, weakness of research network, poor structural relations. Better utilization of our comparative advantages should be targeted in order to have the Hungarian food industry become a driving force sector. This is to be promoted by the newly transformed food
engineer training (as a result of the Bologna Declaration) which can adapt better to the changing requirements of the labour market. Food science and related research could become determining factors for the food economy by setting up accredited training systems and enhancing food safety education and training in Hungary. -
Connections between settlement structure, land use and the process of gypsy segregation in Hajdúböszörmény
41-50Views:65The main aim of this study is to explore the connections between the unique settlement structure circumstances of Hajdúböszörmény and the social problams related to the gypsy minority. After the change of regime, the gypsy population increased especially quickly in some parts of the city, which is in connection with the settlement network position and the internal division of the settlement. The significant segregation of the gypsy
minority appeared as a new phenomenon in the city, whose reason was the increasing migration of gypsies from Northeastern Hungary and the relatively low price of the abandoned real estates located in the outskirts and external settlement parts of the city. Even the gypsy population living in the city for a long time separates itself from the immigrant groups that live in run down houses and practicle have no connection with the job market of the city. It is the typical rural segregation process known only in small village regions (e.g. Southern Baranya, Cserehát) that now goes
on in the outskirts of Hajdúböszörmény. -
Economics of site specific crop density in precision sunflower (Helianthus annuus L.) production
91-96Views:66In this research, the crop density of sunflower was examined, which, thanks to the tools available for precision crop production and knowledge of the market environment of sunflower production, best fits the heterogeneous areas of the given production zones and meets the economic requirements. These components together directly influence the effectiveness of sunflower production. In the year of 2021 and 2022, we carried out a site-specific crop density sunflower experiment in two fields with the same soil type, by sowing significantly different amounts of seeds within the given zones. We have established that the sunflower, although a plant with excellent adaptability, reacts sensitively to the place of production and the effect of the year, in zones with heterogeneous productivity, and shows a reaction to sowing with a variable number of seeds per zone, even when examined based on economic aspects.
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The Effect of EU Accession on the Hungarian Tobacco Sector. The Evaluation of the Regulations
368-377Views:72Tobacco growing can be regarded as a special small sector of Hungarian agriculture. However, studying it from a different point of view, we can see that it is an outstanding sector among others in agriculture. Not only is its budget importance that makes it significant (its total budgetary income is more than 200 billion HUF), and on the other hand it also plays an important role in employment and income output.
Nevertheless questions of regulation arise, and especially those of its justification, methods and scope. Moreover, EU accession forces Hungary to redraw its regulatory statutes for legal harmonization. Below is a discussion of the impacts of this process, as well as of the domestic tobacco market itself. -
Novel market conditions and marketing consequences in the hungarian guided hunting sector
47-52Views:73In Hungary the operating medium of game management and the guided hunting sector is undergoing such a radical change nowadays that on the one hand it considerably influences the profit-producing ability of the sector, and on the other hand it sets the actors of the industry new challenges and opportunities. If the Hungarian hunting industry, which has a traditional past, also wishes to preserve its position in this changed business medium, it is essential that the new situation be thoroughly assessed, and the value-oriented marketing attitude be adapted. The phenomena presented in this essay discuss the consequences and causes of the appearance of new service providers regarding the supply side, and the content changes of the consumer group and the modification of earlier consumption preferences and their causes on the demand side. The changing of the two media jointly generate the adaptation of the value-oriented service - marketing concepts, by using which the areas to be developed and deemed as the narrow cross-section of consumer decisions can be determined. After specifying the target group specific marketing properties of the aove-mentioned – prestige – service, such services of high utility content can already be established successfully that can be positioned as a proper alternative for the new consumer group of higher value expectation. On the other hand, the employment and profitability indexes related to this sector may considerably be improved.
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Evaluation of technologies and resources from the spatial and social aspect
73-75Views:175The basic functioning of the world is mostly led by negative trends. One of the fundamental reasons for this phenomenon is that the different technologies (hardware, software, resources) do not act properly and in the proper structure by means of the produced products and services. Therefore, the examination of technologies and resources is a key question of our world and development from various aspects. Technologies convey all positive and negative impacts which can be regarded as the fundamental reasons and causes of harmonious or disharmonious development. For this reason, the role of technologies in development and harmonious functioning is of paramount importance.
As a final conclusion, we established that the different technologies (hardware, software, resources) are interpreted as impact conveyors which predominate by means of products and services in a way that their relation system is determined. By using the thermodynamic interpretation which is the basis of the functioning of the world, we built a system consisting of 14 elements to evaluate different technologies, to interpret its functioning and to develop positive interactions and trends.
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Possibilities of Growing Artichoke (Cynara scolymus L.) in Hungary
126-130Views:86The domestication of choice broadening, special vegetable species offers new market possibilities in Hungary. The production of artichokes has good perspectives due to its high protein, vitamin and mineral contents and its wide usability. According to the literature, in Hungary it is worth examining the annual production technology, which has yet to be researched in our country. The basic aim of our work was to establish the annual production of artichoke in Hungary with scientific research.
In the experiment, 5 Italian sorts (Valetta di Roma, Gobbo di Nizza, Violetto di Romagna, Violetto S. Francesino and Precoce di Romagna), 1 American sort (Green Globe) and 1 Egyptian sort (Balady) were used. For one half of the plants, we tried to bring on bud-production appearing in the first year only with early planting, while we used also a gibberellic acid hormone treatment for the other half.
Only the sort Green Globe had yields in appropriate quantity (21.4 t/ha) and quality. The low yield and inequable quality of buds of the Italian and Egyptian sorts refers to the fact that these sorts are not applicable for annual production in Hungary. Although the gibberellic acid treatment resulted an earlier harvest, increased the equality of buds and increased the proportion of stems producing buds except for the sort Green Globe, overall it did not have a positive effect. The hormone treatment fastened the physiological processes of the plants, thereby it induced early insenescence and lignifying of the buds. The high temperatures during the bud-formation period largely increased the ratio of flabby, over-blowing buds, so the planting must be timed in the future that the harvest period is in early automn or late spring, early summer months.
According to our results, globe artichoke can become a perspective culture by applying cold-resistant sorts with short growing seasons, which can be produced as annual crops without hormone treatment by the appropriate timing of bud-formation. -
Effect of year and irrigation on yield and quantity of different potato varieties
7-14Views:78dramatically in the last few decades. We are lagging behind Western European countries as regards yields. The ecological conditions are not favourable for potato, but the low yields other causes: the use of non-suitable seed, the low level of irrigation and nutrient supply and out of date machinery. The competitiveness of production is further decreased by the great alternation in yields from year to year, unpredictable market conditions, poor consumption habit, and often the lack of quality products.
The experiment was carried out at the experimental site of the University of Debrecen, Farm and Regional Research Institute, at Látókép. In our experiment, we examined the yield and selected quality parameters of 9 medium-early varieties in large parcels. Of the examined varieties, 3 are of Dutch, and 6 are of Hungarian breeding.
The experiment was set up in 2004 and 2005, on 50 m2 parcels on calcareous chernozem soil after winter wheat (2004) and two rowed barley (2005) as a forecrop. The varieties were examined in 4 repetitions in randomized blocks, of which two repetitions were irrigated, and two were non-irrigated. We examined the yields of the varieties, the distribution of tubers according to size and their percentages and changes, and selected parameters of quality and chemical composition due to irrigation. We studied the dry matter content, the starch content, the underwater mass, the amount of reducing sugars, and the colour index of frying of the tubers.
Summary, it can be stated that among the agrotechniques, year effect, variety and irrigation factors have considerable impact on potato yield quality and quantity. However, the impact of irrigation depends on the year effect. -
The state of the Hungarian ornamental horticulture industry, recommendations for development
353-355Views:142R&D and innovative technologies are required in the EU for being competitive on the world market. Education and professional co-ordination is vitally important, as well as maintenance and development of our genetic bases.
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Current Conditions and Opportunities of Biofarming in Hungary
150-156Views:85The aim of organic farming is not to maximize income, but to achieve optimal product quality. It is completed by the tightest possible material, and energy flow within the farm. Organic agriculture significantly reduces external inputs by avoiding the use of chemo-synthetic fertilizers, pesticides and pharmaceuticals. Instead it works with nature to increase both agricultural yields and disease resistance. Total independence of external resources can not be achieved in Hungary due to the small-scale of organic animal husbandry. Some materials in limited quantities can be purchased from external resources, though the group of these materials is strictly regulated. Organic farming harmonizes with the concept of European multifunctional agriculture, because besides farming, it includes social considerations, as it helps to maintain natural resources and the relationship between people and their environment, and provides a living for those living in the region.
As regards organic farming the fertility of the soil and the health of vegetation can be influenced in various ways. Farmers have to be highly skilled and able to manage a farm with great expertise. Generally it can be stated that as the use of non-organically produced products is limited, the opportunities to correct failures made by the farmer are minimal, contrary to conventional farming. Farmers must be intent on developing the tightest material- and energy flow. This means that organic farms ideally have both animal husbandry and crop production. This energy and skill demanding system of farming is compensated by state subsidies, growing market share and relatively high prices for organic products. -
The examination of human resources in the Hódmezővásárhely micro-region on the basis of human resource hierarchy
91-110Views:72In this paper, I deal with the examination of the situation and change of human resources through the human resource hierarchy. My research covers the Hódmezővásárhely micro-region, which includes four settlements, two towns (Hódmezővásárhely as the centre of the area and Mindszent) and two villages (Mártély and Székkutas). Based on population density the micro-region is qualified as a rural territory, which is underpinned by the micro-region’s market town and homestead like character.
I took the human resource system of Cloke and Park (1985) published in their book of Rural Resource Management as a basis of my examination and I pursued my research in consideration of Fehér’s (2005) researches related to rural economy. The system of human resources provided a hierarchical and logical framework for my examination. In the course of the research I made analyses along the three levels of human resources concerning the micro-region and its settlements.
During the examination of the human resources of the Hódmezővásárhely micro-region I pointed out some negative changes and situations which unfavourably influence the socio-economic processes of the territory and its settlements. All this reveal that the human resources are not only factors of the economy of the micro-region as a rural economy but at the same time they are areas to be developed. The living standard (welfare) of the people living in the area and their quality of life (well-being) depend on the development and level of the different dimensions of the human resources largely. For that very reason there is a need for coordinated development of the human resources and the related fields with respect to the cause-effect relations.
My research contributes to the better cognition of rural resources of the Hódmezővásárhely micro-region, without this a rational improvement and sustainable development of the micro-region and its settlements based on inner resources cannot be imagined. -
Effects of a traditional agricultural sector’s decline in less favoured areas
109-114Views:95Due to the effects of economic and political transformations, privatization and accession to the EU, Hungarian agriculture has gone through significant changes in the last two decades. As a result of continuous changes in the economic and regulatory environment, producers have to plan and maintain cultivation and adapt to the changing market needs within continuously changing circumstances. These effects have resulted in a significant decline or in some cases, certain sectors have disappeared. These exercise a negative social and economic effect on all over the country, causing irreversible damages on those regions where agriculture is the only source of living. This paper discusses the effects of breakdown or disappearance of a traditional agricultural sector, namely the tobacco sector.
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Economic issues of crop based ethanol production for energetic uses
90-94Views:84The United States Congress passed the “Clean Air Act” in 1990, which targeted the creation and use of so-called “green fuel”. This Act came into full force on January 7, 1995. Its essence is that an oxygen rich component is added to fuel by which it burns more cleanly and harmful emissions of vehicles are reduced by 25%. This oxygen rich component is basically ethanol and its ether ETBE, made of domestically produced grains.
America’s traditional grain exporter status could be converted into a stabile income resource during production, many more valuable by-products – should this program succeed – are also produced, giving the opportunity for further utilisation either in the foods or form feeds industries, or as export products.
Ethanol or ETBE production is also important to replace fuel imports from any specific country, the additive which is necessary for producing the fuel is the imported product MTBE.
This programme therefore simultaneously assisted in environmental protection, agricultural and foreign trading issues as well as some market regulation issues. At the same time, based on grain production, it has an effect on the social strata by creating new jobs, especially in those areas which can be considered in recession due to the lack of any large-scale industrial cities.
In the future, the European Union should carry out this project and it will affect Hungary, as well. -
Regional Development Differences in Hungary and the Northern-Great Plain Region
62-71Views:116The most important endeavour of European Union’s regional policy is to moderate disparities. An emphasised strategic objective of member states, based on the principle of solidarity, fairness and justice, is to develop regions and almost forty percent of the common budget is devoted to achieving this objective.
Hungary, as a full EU member state, will get a new chance for underdeveloped regions, especially for the Eastern-Hungarian as well as the North Hungarian and North Plain Region.
The differences in development among the regions are significantly influenced by the economic characteristics of the specific region, quality and quantity of human resources, accessability of the region and other factors influencing local quality of life beside natural conditions.
The new spatial structure was formed by change of regime, processes of the nineties, primarily the economic renewal based on foreign capital investments and the crisis phenomena in parallel with these. The economic, political and social consequences of the transformation significantly changed spatial structure and increased disparities. New disparities formed which were further aggravated as a consequence due to the formation of the eastern-western slope and local crisis zones. As a result of the outstanding development of the capital, the long term differentiation of regional development differences can also be detected when examining the regional distribution of Hungarian gross domestic product. The collapse of heavy industry and agricultural mass production based on the eastern markets primarily affected the north-east counties in the eastern part of the country.
Strengthening regional competitiveness is of key importance for the region, which requires the application of consistent development policy. The most important is economic development which, if it operates well, also infers the possibility of establishing welfare infrastructures. Drawing in external sources to ease the significant lack of capital is important for the processing industry and the development of supplier networks. Agricultural development also plays an important role in transforming economic structure, since the characteristics of the region, its traditions and long term competitive advantages are favourable, therefore it is going to represent a higher ratio within the economy than the EU average. The modernisation of the agricultural sector can be promoted by supporting market accession, quality agricultural production and stimulating producer-retailer cooperation. The development of transportation and informatics infrastructure as well as human resource development plays a significantly important role in the development of the region.
In conclusion, the implementation of such a consistent regional development policy is required in the future, based on the strengths of the region, that serves the most efficient utilisation of regional development funds through the implementation of regional policy principles and prevents the irreversible decay of the region while promoting rapid development. -
Development and Economic Benefits of Open Source Software
161-168Views:68This paper discusses open source software which became one of the most important trends in the software industry recently. The most often asked questions in this area are those related to intellectual property rights. The author used a more general approach and tried to give a survey of the advantages and disadvantages that the market players (developers, government and last but not least users) have to face.
After sketching the history of open source software and discussing some of the prevailing definitions, we turn out attention to the starting point: what motivates the developers? Then we give a general overview of the advantages and disadvantages of open source software. In the next part, the author analyses the software policies of the EU partially based on the abovementioned advantages and disadvantages. Finally the paper concludes with the discussion of user benefits and costs. -
Research on rheological characteristics of winter wheat varieties
266-272Views:113The gluten examination test is dominant in Hungary, comparing it to the qualification system of other countries. The determination of alveographic parameters is a basic criterion of winter wheat specifications in some western and southern European countries.
In the Hungarian and foreign winter wheat qualification systems, in the standards, there is no limit for extensographical parameters. Customers dictate the limits and make their claims as to the specifications.
We analyzed the alveographic and extensographical parameters of 19 winter wheat varieties grown by the Cereal Research Non-Profit Company in Hungary, and we made a comparison between the results in the challenges of the European Union expectations.
Examining the information of alveographic and extensographical values, we found that the experimental varieties provide high base to flour types suitable for baking bread and baker’s ware. The GK Élet, GK Petur, GK Memento, GK Csillag, GK Kapos and GK Marcel varieties can meet the market of paste flour needs, too.
In the variety series, the GK Kalász represents the highest values and the GK Garaboly shows the lowest parameters regarding the alveographic W and the resistance to extension.
On the basis of relation, we can establish that we can estimate the following little known and used quality indexes: the extensographical resistance to extension with extensographical energy and the alveographic W value, the extensographical energy with the alveographic W value and the alveographic P and L values with the other alveographic parameters. -
Examination of the effect of pelleted poultry manure products on a sunflower test plant in a laboratory model experiment
83-88Views:165Sunflower (Helianthus annuus L.) is one of the most important oil plants in Hungary, with a sown area of more than 627.000 ha in 2019. Sunflower cultivation is primarily important for use in the oil industry, but its role in feed and beekeeping cannot be neglected either. Sunflower adapts well to different production areas in terms of soil demand, yet, as important fact, it must be grown on soils with poorer conditions with intensive nutrient replenishment. From the agri-environmental point of view, in addition to the use of pelleted poultry manure products, which are also new to the consumer market, is of paramount importance. Their advantages include a wide range of nutrients as well as a soil structure improving effect.
In our research, we investigated the starter effect of pelleted poultry manure products applied at different doses (200 kg ha-1 and 400 kg ha-1) on sandy soil with humus using a sunflower plant. The aim of our research to investigate the effect of using pelleted fertilizer products as starter fertilizers on sunflower plant germination, and investigate the effect of poultry manure products on soils.
Based on our results, it can be stated that the pigment content (chlorophyll and carotenoid content) was positively influenced by the higher dose treatments (400 kg ha-1), thus increasing the photosynthetically active leaf area. Compared to the control, the carotenoid content in the test plants of the treatments increased, and the differences of this treatment proved to be significant (p<0.05). Our experiments supported the beneficial effect of pelleted poultry manure-based products in the soil-plant system.
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Exploration of relations among the members of the supply chain on the basis of relationship indicators
177-190Views:121Today the various business units on the market are not competing individually against each other, but doing this as members of a supply chain, which are delivering the products or services to the customers with coordination. The participants are cooperating in the process of purchasing, production and sale. Their common objective is to deliver for the consumer demand. The supply chain approach of the enterprises is a business philosophy, which requires trust, commitment, coordination, shared objectives, support from the management, and the understanding and acceptance of the mutual dependence (Német, 2009). The main objective of our study is to analyse the relationships among the players of the supply chain through several relationship indicators, such as trust, economical satisfaction, social satisfaction, compelling power, non-compelling power, dependence, reputation and conflict. The relationship among the players of the supply chain has been analysed from two aspects, through the position and through the role of the players of the supply chain. This study aims to present the results of the analysis highlighting the critical points.
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Special Investment Support Under the Agricultural Reorganisation Programme 1995-2000
64-73Views:67Since the political changes in Hungary, agricultural businesses have worked in a declining economic environment and hectic market situation, with a widening price gap between agricultural and industrial products and low profitability. A declining export comes then by no surprise. The sector has not been able to even benefit from export opportunities provided in the European Agreement. The area least benefiting from quotas is animal products (beef, mutton, lamb, slaughtered chicken, cheese, egg). The ministry of agriculture was lagging behind in responding to these problems, and it was as late as in 1995 when it launched a reorganisation programme for export stocks fund build-up (5).
The author has conducted empirical studies on agricultural enterprises in Csongrád county to see what results the special investment support delivered under the reorganisation programme produced. The fundamental aim of the reorganisation programme for export stocks fund build-up was to boost exportable Hungarian animal product stocks in a bid for businesses to better benefit from the preferential quotas set by the European Agreement. The author examined how the special investment support scheme succeeded in its aims, whether livestock grew considerably in its wake, whether farmers were able to attain exportable quality and what development funds enterprises were able to raise. -
Study of The Amount of Produced Animal Manure and Biogas Potential in a 5, 20 and 40 km Zone around Debrecen
64-68Views:73The guiding principle for our research is that decentralized energy supply systems should be located near local consumers. One big, local market for energy from biogas plants in Hajdú-Bihar county is Debrecen. In the course of the investigation of biomass suitable for biogas production in the area of Debrecen, this study determines the quantity of biogas producible from animal manure. Municipalities around Debrecen were examined in circles with 40, 20 and 5 km radius. Livestock data of these settlements stem from the Agricultural Census in year 2000, actualized by the county trend of livestock changes. Manure quantity and biogas potential in these places are estimated with coefficients from the literature and our calculations. In the largest circle, about 1.4 million tons of manure is produced, from which round 94 million m3 biogas can be produced. Biomass produced in the settlements and producible biogas shows a remarkable trend of concentration, which supports our recommendation on the system of energy supply.
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Tools of business process modelling
19-25Views:85All companies have business processes, regardless of the size or the industry in which they operate. Both executive and operational managers need insight into software-based business processes and their performance for that transforming business workflows by modeling, simulating, optimizing, and publishing processes and defining business rules.
I would like to introduce what kind of possibility the companies have got, when they want to model their business process. I choose the ARIS system from software market. I sketch out the function of ARIS system, and his application possibility. At last I present the best known diagram by means of some practical example. -
Alternative protein sources in the nutrition of farm animals
21-31Views:374Protein requirement and its demand of farm animals became one of the critical problems in nutrition on a global scale. Protein requirement has been an explicit demand for a long period with soybean meal and animal protein, but recently there are some limitations in relation to their use and the availability of the high quality fishmeal decreases constantly. For this reason there is increased demand for finding new protein sources which could be the alternatives of soybean meal and fishmeal. Alternative protein sources can be divided into seven categories, according to their origin. In different countries, their use depends on the availability in large quantity and at reasonable price.
There is a long tradition of using legume seeds, as alternatives of soybean. Most of them contain some anti-nutritive compounds, but it can be reduced with systematic selection. Oilseed meals are also generally use in poultry and pig nutrition, but those crude protein content varied, depending on the oil extraction technology. Green fodder and leaf protein was also proposed as alternative protein sources, but their use is limited, in particular because of the market price. The amount of bioethanol and starch industry by-products increases gradually in recent years, therefore those became alternatives of soybean meal, or in much less extend, fishmeal. However, amino acid composition of such by-products are far from optimal for poultry and pig; therefore, in the case of their use amino acid supplementation is necessary. Several novel protein sources are proposed in the last decade, such as algae or insect proteins. Recently, their availability and use is limited, but in the near future those would be alternative protein sources in monogastric animal nutrition.
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Perspectives of air cargo activities in case of Debrecen International Airport
131-134Views:123The improvement of Debrecen International Airport has been taking place for more than a decade. The goal is to revitalise the domestic and international aviation of regional centres and connect the Debrecen centred economy zone with other industrial and commercial regions. Considering the market segments of the air cargo industry, and sizing up the requirements of the enterprises, we are seeking to answer for what possibilities an air cargo operation has, and scheduled cargo flights, what alternatives the location of a cargo base has. Getting to know the technical background of ground handling, communication, safety, and security, we can state that the airport is able to handle international cargo aircrafts as well. Regarding to the quantity of frights, we find that there is a possibility of two flights per week. There is minor need of handling dangerous or unique parcels. The surrounding area of working zone is an excellent territory for locating and building cargo facilities, and its technical background. In case of continuously increasing traffic it is suggestible to use the territory behind the apron as a first step of the development. As the activity extends the second step could be the improvement of the southern zone just beside the runway. This way primarily the
scheduled air cargo flights could appear, then as the traffic of commercial scheduled flights increases simultaneously could grow the amount of
small parcel transportation. -
Financial interrelationships of public warehousing
80-89Views:78In my paper I examined the institutional and market connections warehouses use emphasising the role of financial institutions. I stressed that for the proper functioning of a warehouse the mutual trust of the economic participants is required. This presupposes a tight relationship between warehouses and banks, as banks have to accept warehouse warrants in such a manner that the credit suppliant can more readily access current assets credit.
Today, we can say that the moneylender bank is strongly confident about deals involving warehouse credit. The amount of goods stored in warehouses is increasing. Warehouse deals offer better conditions to depositors, which can be explained by the fact that the creditor does not examine the management and credit standing of the depositor. Most important for them is that the goods provide enough collateral to ensure marketability, and that the warehouse storage conditions are proper. On the other hand, with the support of an interest subsidy system credit is obtainable at very auspicious conditions. To top it all off, and this is the most important aspect participants can receive access to funds unavailable to them in any other case.