Turkey's agricultural and livestock giant has gone bankrupt.

Turkey's agricultural and livestock giant has gone bankrupt.

29.04.2025 08:30

Recently, the global economic crisis, which has been increasingly felt, has led many companies to declare bankruptcy, with the latest addition being the Konya-based Ereğli Bereket Agriculture and Livestock Company. The large company went bankrupt after its request for concordat was rejected.

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Founded in 2021, Ereğli Bereket Agriculture Livestock Industry Trade Limited Company could not withstand economic difficulties. The Konya 2nd Commercial Court ruled for the company's bankruptcy by not accepting its concordat application.



BANKRUPTCY BOARD ESTABLISHED



According to information published on ilan.gov.tr, during the hearing held on April 16, 2025, the court lifted the temporary and definitive injunction decisions in accordance with Article 287 of the Enforcement and Bankruptcy Law. With the bankruptcy decision taken on the same day, a bankruptcy board was established under the file numbered 2025/2 at the Ereğli Enforcement Directorate. The duty of the temporary concordat commissioner Ertan Nebi Önal also came to an end.



ECONOMIC CRISIS COULD NOT PREVENT BANKRUPTCY



Ereğli Bereket Agriculture provided services in many areas, from the buying and selling of live animals to the supply of roughage, and the sale of chemical and organic fertilizers. Additionally, it had gained a significant place in the regional agricultural sector with a customer-oriented approach by supporting farmers in areas such as seedling, tomato, corn, sunflower, and sugar beet purchases. However, the increasing debt burden and deepening economic crisis could not prevent the company from going bankrupt.



BANKRUPTCY MAY CREATE A DOMINO EFFECT



The company's bankruptcy has created great uncertainty among local farmers, especially regarding product purchases and sugar beet quotas. Local sources indicate that the bankruptcy could create a domino effect in the agricultural sector. The closure of Ereğli Bereket Agriculture could create a serious gap in the agricultural ecosystem in Konya. Authorities continue to seek solutions to prevent farmers from suffering.



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