The financing ability of the farmers represents the main obstacle for the market for farming equipment, said Narcis Somesfalean, the president Valtec Tractors România.

"There is constant demand on the market, but the problem remains the ability of the farmers to obtain funding. Demand depends on financing, as well as on the local policy for the sector", he said.

The representative of Valtec considers that self-financing is the cheapest option, as it is a stable source of funding, which removes financial institutions, ensures the independence of the investment, and, among other things it eliminates the risk of having to pledge one's equity as collateral.

"Self-financing isn't an easy thing to do, but a difficult one, based on the ability of the company's management, which needs to be effective", Mr. Somesfalean said, who added that 90% of the small and medium enterprises are self-financing.

He also said that among the things which are noticeable when it comes to companies operating in the agricultural business are the lack of distribution channels, the high costs, the drop in the productivity per hectare.

Among agricultural companies, there are symptoms that indicate the appearance of some periods of financial crisis, said Narcis Somesfalean, who listed some of them: the mediocre or negative financial results after at least three consecutive balance sheets, the cyclical variations of some prices, the constantly eroding relationship with the suppliers, the increase in the rescheduling of supplier loan payments.

He said that the company which he represents has not resorted to European funds and is not interested in taking out a loan either, as it is capable of financing itself.

The company's turnover remains constant, and it is expected to increase slightly in 2014.

With a market share of approximately 11% (which the comp