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This is a Slovakian translation of ''395-020-1''. This case is the outcome of a joint case research/writing effort by teams of faculty members at all four universities underwritten by the United States Agency for International Development and led by Iowa State University. The case describes the situation at a typical agricultural co-operative in southwestern Slovakia in early 1993 - a time when Slovakia is in the midst of transforming itself from a socialistic centrally planned to a capitalistic free market economy. Until 1990, the Co-operative had been ranked among the highly profitable co-operatives in Slovakia. Since 1991, the Co-operative has had increasing losses. The Co-operative''s management has implemented a strategy of cutting costs and divesting itself of unprofitable divisions. This did not, however, seem to be enough to make the Co-operative profitable. The operating manager must decide soon what to do next. This case goes with the companion Country/Industry Note ''Agribusiness in the Czech and Slovak Republics'' (395-018-5).