Grain Sector Shock: Major Bulgarian Producer Collapses Under Massive Debt
Farm Sense AD, a long-standing agribusiness company based in the Dobrudja region, has initiated bankruptcy proceedings in the Sofia City Court
Many Bulgaria Grain Producers Set for Bankruptcy
Business | August 7, 2009, Friday // 20:54
- Tweet
Send to Kindle
Bulgaria will produce about 3,1 million tons of wheat in 2009, some 25% less than in 2008. Photo by BGNES
A lot of Bulgaria's grain producers are set to go bankrupt because the wheat that they produced in 2009 costs well above the market price.
According to the Chair of the Grain Producers' Association, Radoslav Hristov, the production cost of the wheat in 2009 is the highest in the last 20 years - about BGN 270-280 per ton of wheat, with an average yield for the country of 295 kg per decare.
Hristov believes the situation is critical, and that only the farmers who producer about at least 350-400 kg of wheat per decare will be able to survive. The grain producers' issue will be discussed by the Grain Consultative Council on August 17.
Preliminary data shows that Bulgaria's 2009 wheat yield is going to be about 3,1 million tons - about 1,2 million tons smaller than the record yield in 2008.
Related Articles:
Tough Times for Bulgaria’s Farmers as Weather and Market Challenges Mount
Farmers in Bulgaria face an exceptionally challenging year, marked by severe weather conditions and economic pressures
Bulgaria’s Grain Sector Under Pressure: Wheat Stable, Spring Crops Suffer
The head of Bulgaria’s National Association of Grain Producers, Iliya Prodanov, has warned that this year's severe drought and high temperatures are set to cause extremely poor yields for sunflower and corn crops
New Law, Old Problems: Will Bulgaria’s Supply Chain Shake-Up Work?
Until July 14, Bulgaria’s Ministry of Agriculture is accepting proposals from farmers, processors, and traders on a new draft law aimed at regulating the supply chain
Bulgaria’s Grain Sector Shut Out of Europe After Ukrainian Import Surge
In the span of just three years, Bulgaria's grain producers have seen their access to European markets completely disappear
EU Commission Unveils Strategy for a Resilient and Sustainable Agri-Food Sector
Today, the European Commission unveiled its Vision for Agriculture and Food, outlining a roadmap aimed at creating an attractive, competitive, resilient, and sustainable agri-food system for future generations
Bulgaria: Over 2 Million Retirees to See Pension Increase in 2026
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
Digital Euro Key to Europe’s Financial and Strategic Autonomy, ECB and Commission Officials Say
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
European Commission Opens Antitrust Probe into Google’s Use of Content for AI Training
The European Commission has launched a formal antitrust investigation to determine whether Google has violated EU competition rules through its use of content from web publishers as well as material uploaded to YouTube for the development and training of
Bulgaria Leads EU in Retail Growth with 7.4% Annual Increase in October
Bulgaria continues to show strong performance in retail trade
Business | December 9, 2025, Tuesday // 08:52
VAT and Corporate Tax Revenues Significantly Lag Behind Budget Plans
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
What Changes When Bulgaria Switches to the Euro Next Year
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
