A Research on the General and Financial Problems of Agricultural Sector in North Cyprus: Case of Karpaz Peninsula

The following research focuses on agricultural and farming enterprises located in Iskele Province of Karpaz Peninsula in Turkish Republic of North Cyprus (TRNC), accenting on and examining overall and financial issues and problems.In this frame, the main problems of agriculture in order, are: ‘Position of Karpaz in regard to land use, in Cyprus Conflict’, ‘Natural disasters’, ‘Bureaucratic obstacles’, ‘Negative effects of Cyprus Issue’, ‘Marketing of products,’, ‘Competing with South Cyprus and imported foreign products’ and ,’Finance’.Entrepreneurs and businesses in agriculture state that, the most important dimensions of financial problem are ‘High finance cost’, ‘Difficulties encountered in collections from market and official bodies’, ‘Limited incentive opportunity’, ‘Collateral and debenture obligations demanded for loans’, ‘Costly capital investment funds ‘‘Insufficient local business capital and problems encountered procuring the business capital’ and ‘Insufficient equity and difficulties faced in obtaining investment credit.’