scholarly journals FINANCING OF THE AGRO-INDUSTRIAL COMPLEX IN THE CONTEXT OF THE IMPLEMENTATION OF INTERNATIONAL EXPERIENCE

2021 ◽  
Vol 3 (38) ◽  
pp. 341-350
Author(s):  
R. Sodoma ◽  
O. Brukh ◽  
T. Shmatkovska ◽  
N. Vavdiiuk ◽  
A. Bilochenko ◽  
...  
Keyword(s):  
Agricultural Sector ◽  
Financial Sector ◽  
Developed Countries ◽  
International Experience ◽  
Research Approach ◽  
Industrial Complex ◽  
Financial Instruments ◽  
Agricultural Enterprises ◽  
Industrial Enterprises ◽  
Low Efficiency

Abstract. The situation on the market of bank crediting of agricultural enterprises is analysed. Have been identified the key reasons for the low efficiency of the current mechanism of lending by banks to the agro-industrial sector. The key shortcomings in the system of financing the enterprises of the agro-industrial complex are revealed. The investment attractiveness in Ukraine is considered and specified in the dynamics by regions. The volumes of financing the activity of agro-industrial enterprises in Ukraine by sources of income are analysed. It is proved that effective financing opens wide opportunities for the development of enterprises in the agricultural sector. In the study general and specific economic methods, as well as a basic research approach, which allowed us to determine the economic nature of the financial sector and the scope of financing of agricultural enterprises are used. The financial instruments of the agricultural enterprise use of which will promote the achievement of the European standards are offered. Scientifically substantiated recommendations on the directions of application in Ukraine of the international experience of stimulation of the financial activity of subjects of the agro-industrial complex are entered. In developed countries, a rich arsenal of support tools is used to support financial activities in the agro-industrial complex. A list of the most common tools for such support used in developed countries is given. It is noted that the solution of problems of financial support for the development of the agro-industrial complex should be carried out on the basis of studying, generalizing, and taking into account the best international experience. The world experience of financing the agricultural sector of the economy and the peculiarities of the distribution of state subventions for the development of agricultural production are studied. The scientific novelty of the obtained results is represented by a set of theoretical and practical aspects of the study, namely proposals for the current state of lending to agriculture and recommendations for the use of new financial instruments in the context of the implementation of international experience. Keywords: crediting, financial sector, agro-industrial complex, international experience. JEL Classification Q14 Formulas: 0; fig.: 5; tabl.: 2; bibl.: 16.

scholarly journals Investment support for effective development of agro-industrial enterprises of Lviv region

2020 ◽  
Vol 22 (96) ◽  
pp. 28-34
Author(s):  
R. Myniv ◽  
H. Mokrytska
Keyword(s):  
Agricultural Sector ◽  
The State ◽  
Positive Trend ◽  
Main Task ◽  
Industrial Complex ◽  
State Budget ◽  
Investment Activity ◽  
Agricultural Enterprises ◽  
Industrial Enterprises ◽  
Regional Budget

Investing in agro-industrial enterprises ensures the competitiveness of agro-industrial formations through the use of innovations to improve their positions in both domestic and foreign markets; achieving economic and food security; improving the social infrastructure of the village translator. Investment activity is a determining factor in the effectiveness of the formation and use of investment potential of agricultural enterprises. The analysis of statistical data on the volume of investments in agricultural enterprises of Lviv region at the expense of district budgets in 2019–2020 indicates an increase in investment resources invested in Horodok, Zolochiv and Stryj districts. However, the total approved amount of investments in the region in 2020 (1913.0 thousand UAH) decreased by 2.3 times compared to the funded volume in 2019 (4394.9 thousand UAH), which indicates the unstable rate of investment activity of investments in agro-industrial enterprises in terms of districts of Lviv region. During 2016–2020, there is a positive trend to increase the share of investments in the agro-industrial complex of Lviv region from the budgets of all levels, which, given the leading role of the national agricultural sector, is quite natural. This figure will reach its maximum value in 2020, which is 15.3 more than in 2016, at the expense of the state budget and 1.6 times more – at the expense of the regional budget. During 2019 (52 enterprises) 2.5 times compared to 2016 (22 enterprises) increased the number of agricultural enterprises in Lviv region, which used the program of interest compensation on loans in the amount of 68.4 million UAH. at the expense of the regional budget, which is 3.1 times more than in 2016 (UAH 22.0 million). The program of compensation of interest on loans from the state budget in 2019 was used by 41 enterprises of the agro-industrial complex of Lviv region, which is 3.2 shirts more than in 2016. However, funding decreased from UAH 334.1 million. in 2016 to UAH 173.8 million. in 2019. In 2019, UAH 11.5 million was financed for the implementation of business plans at the expense of soft loans of Lviv region. at the expense of the state budget and UAH 6.8 million. at the expense of the local budget. This allowed 34 businesses to purchase 14 units of agricultural machinery, plant 18.7 hectares of orchards and berries, purchase 24 heads of breeding animals, 21 formations to modernize technological processes and create an additional 30 jobs. Investments are an important guarantee of effective economic development of any enterprise, region, country. At the present stage, the main task is to take all possible measures to create an attractive investment climate and intensify investment processes at both the regional and national levels.

scholarly journals FINANCIAL SUPPORT OF AGRICULTURE SECTOR ENTERPRISES

2021 ◽  
Keyword(s):  
Financial Support ◽  
Agricultural Sector ◽  
Animal Husbandry ◽  
Industrial Complex ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Agriculture Sector ◽  
Industrial Enterprises ◽  
Current State ◽  
Holding Back

The development of the agricultural sector, like any other sector of the economy, depends significantly on funding. Insufficient funding is holding back a significant increase in the efficiency of agro-industrial enterprises. Information on the importance of agricultural enterprises in the development of Ukraine's economy is given. The article analyzes the results of the budget program PCECC 1201150 "Financial support of agricultural producers" in 2020, the current state and trends in lending to agricultural enterprises. Analyzing the attraction of soft loans by businesses in the agro-industrial complex in 2020, it was found that most agricultural enterprises need funds to replenish working capital, and long-term loans are in demand due to the need to upgrade fixed assets and construction and reconstruction of production facilities. Some programs confirm that the priority areas of state support for agricultural producers in 2021, as in previous years, are the development of animal husbandry, horticulture, farming, as well as cheaper loans and purchase of agricultural machinery. The results of the state program "Affordable loans 5-7-9%" are presented, according to which agricultural enterprises received almost half of the total amount of loans issued. The specific features of the agro-industrial complex presented in the article are the factors holding back their lending, so we believe that it would be appropriate to consider the creation of a specialized agricultural bank that would lend to small and medium-sized agricultural enterprises. The services of commercial banks that they offer for enterprises in the agricultural sector are analyzed. The variety of services and programs is due to the desire of banks to attract as large a range of enterprises in the agricultural sector to provide them with funds for further development.

scholarly journals Mechanism of implementation of investment and innovation technologies in the agricultural sphere of Ukraine

2020 ◽  
pp. 13-16
Author(s):  
Andrii MYKHAILOV ◽  
Dmytro PIZNIAK
Keyword(s):  
Agricultural Sector ◽  
New Technologies ◽  
Agricultural Products ◽  
Main Task ◽  
Industrial Complex ◽  
Innovative Development ◽  
Agricultural Enterprises ◽  
Industrial Enterprises ◽  
Innovation Projects ◽  
Effective Transfer

Introduction. In the conditions of continuous development of investment and innovative technologies the necessary requirement for the further successful and productive development of an agro-industrial complex is updating of technics, technologies, management methods, the organization of production. The purpose of the paper is to study the innovative development of the agricultural sector of Ukraine and to develop a mechanism for implementing investment and innovation technologies. Results. The implementation of the mechanism of introduction of investment and innovation technologies in the agricultural sector should become an effective means of ensuring innovative development in all parts of the technological chain of agricultural production. The main task of the mechanism is primarily to ensure the coherent development of all its components – agricultural enterprises on the basis of deepening agro-industrial integration and involvement in the production of the latest advances in science and technology. Thus, the mechanism of introduction of investment and innovation technologies in the agricultural sector should ensure the implementation of a number of tasks: – stimulating scientific developments aimed at creating new technologies and agricultural products; – effective transfer of scientific achievements, knowledge and results of scientific developments into production; – financing of investment and innovation projects on acceptable terms for agricultural enterprises; – fair distribution of results of investment and innovation projects; – deepening agro-industrial integration; – development, examination and support of investment and innovation programs and projects; – education, training and retraining; – formation of investment and innovative way of thinking; – participation of the state and regional authorities in investment and innovation activities of agro-industrial enterprises. Conclusions. Thus, the need to implement the mechanism of investment and innovation technologies in the agricultural sector will create a favorable environment for innovation, bring the agricultural sector of Ukraine to the world level, will ensure the receipt of competitive agricultural products.

scholarly journals Study of Master Plans of Technical Service Enterprises in Agricultural Sector

2019 ◽  
Vol 29 (4) ◽  
pp. 560-577
Author(s):  
Vladimir A. Komarov ◽  
Vladimir V. Salmin ◽  
Mikhail I. Kurashkin
Keyword(s):  
Agricultural Sector ◽  
Federal District ◽  
Average Density ◽  
Utilization Rate ◽  
Industrial Complex ◽  
Technical Service ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Master Plans ◽  
Low Efficiency

Introduction. Most of the territories where technical service enterprises are located in the agricultural-and-industrial complex, are high-quality agricultural lands. However, so far no analysis of the technological feasibility of using these land plots has been made. The goal of this work is to develop recommendations for the effective use of areas allocated for technical service enterprises, taking into account the increase in the density of development of territories through reconstructing of repair and service bases. Materials and Methods. Determination of actual indicators of the development density for technical service enterprises and their compliance with the set of rules was carried out using the companies’ accounting documents and situational plans for repair and maintenance bases. In the course of the study, recommendations were developed for reconstruction of master plans to increase the development for density repair and maintenance bases of these companies. Results. The results of studies of the actual development density of technical service enterprises have shown that in 65% of cases it is below the minimum development density established by the code of rules SP 19.13330.2011. The actual density maintenance bases is in the range of 5.1–66.0%. At the same time, the actual average density of development of enterprises of technical service for agricultural producers was 19.7%. The largest number of enterprises (61.9%) has the development density of 5–20%, that is, significantly lower than the standard value. The smallest number of enterprises (3.6%) have the development density in terms ecology of above 50%. Most enterprises (58.5%) have the green area less than 10%, which is lower than the regulated value. This characterizes the sites under considering as not meeting modern requirements. Comparing the actual value of the utilization rate of the enterprises site and the minimum value of the utilization rate of agricultural enterprises, it was found that 62% of the repair and maintenance bases of technical service enterprises did not exceed the value recommended in the special literature. Discussion and Conclusion. We showed the low efficiency in the use of areas allocated for repair and maintenance bases of technical service enterprises in various areas of the agricultural- and-industrial complex of the Volga Federal District of the Russian Federation.

scholarly journals PROSPECTS AND BACKGROUND INTRODUCTION OF AUTONOMOUS POWER SUPPLY SYSTEMS FOR AGRICULTURAL ENTERPRISES

2020 ◽  
pp. 51-63
Author(s):  
Ihor Kupchuk ◽  
Vitalii Yaropud ◽  
Nataliia Telekalo ◽  
Valerii Hraniak
Keyword(s):  
Power Supply ◽  
Alternative Energy ◽  
Power Supply System ◽  
Agricultural Sector ◽  
Lithium Ion ◽  
Supply System ◽  
Industrial Complex ◽  
Combined System ◽  
Agricultural Enterprises ◽  
Industrial Enterprises

The agro-industrial complex is one of the most stable in terms of revenue to the budget of intersectoral formations, in which significant amounts of electricity produced using fossil fuels, mainly imported, fuel resources are consumed for the implementation of production processes, which poses a threat to its effective functioning and makes in the research article. The purpose of the article is to assess the potential and determine promising methods of decentralized power supply for agro-industrial producers based on the analysis of modern technical and technological solutions in the field of electrical engineering and the synthesis of a promising scheme for a combined autonomous power supply system for agricultural enterprises. The article assessed the technical and technological capabilities for the use of autonomous electrical installations by small and medium-sized enterprises of the agricultural sector, operating on the principle of conversion of renewable sources, taking into account the natural and climatic potential of the Vinnytsia region. As a result of a comparative analysis of the operational characteristics of the known methods of accumulating electric energy, it was found that in the conditions of autonomous power supply of small and medium-sized agro-industrial enterprises due to the conversion of alternative energy sources, the most functionally and economically justified option is the use of energy storage systems based on flywheels with partial use of a backup unit lithium-ion batteries. Based on domestic and foreign experience, a promising scheme of a combined autonomous power supply system for small and medium agricultural enterprises was proposed and priority areas for further research were formed to improve the efficiency of such a system. The study of technical and technological prerequisites for the development of a combined system of autonomous power supply and its components was carried out using methods of analysis, generalization and a systematic approach. The potential advantages and effect of the proposed scheme implementation are based on the laws of development of technical and electric power systems.

scholarly journals COMMERCIALIZATION OF SCIENTIFIC RESEARCH RESULTS IN THE AGRO-INDUSTRIAL COMPLEX

2020 ◽  
Vol 4 ◽  
pp. 79-85
Author(s):  
A.O. BAZARBAYEV ◽  
◽  
B.ZH. AKPANBETOVA ◽  
R.K. BERSTEMBAEVA ◽  
◽  
...  
Keyword(s):  
Agricultural Sector ◽  
Scientific Research ◽  
Developed Countries ◽  
Industrial Complex ◽  
Agricultural Enterprises ◽  
Scientific Results ◽  
Internal Costs ◽  
Practical Feasibility ◽  
Selection Of ◽  
Scientific Achievements

Based on the study of commercialization of the results of scientific research in agricultural sector, the article discusses the issues of using scientific discoveries in Kazakhstan and shows ways to solve them to improve the efficiency of the country's agro-industrial complex, create competitive environment, accelerate effective application of innovations. The main barriers to the commercialization of scientific achievements in the field of agricultural production are identified. The authors note that incentives are needed only for the targeted selection of projects on competitive basis with emphasis on promising areas of innovative development of agro-industrial complex, and also draw attention to the fact that for the growth of indicators of commercialization of agricultural enterprises and other economic entities, they aim to get benefits from introduction of innovations into production, prove their production viability in all parameters that determine their innovative activity. Internal costs for research and development work are analyzed depending on the types of work. As a result, it was found that funding for scientific research in the country remains at a low level, the level of funds invested in R&D is significantly inferior to economically developed countries. The information on the innovative infrastructure contributing to the successful commercialization of scientific results is presented. Thus, the most important task of the scientific and innovative process, which ensures the relevance and practical feasibility of innovative projects, is the commercialization of technologies.

The system of credit guarantees as a tool to increase financing for small and medium-sized agricultural enterprises

Ekonomika APK ◽  
2021 ◽  
Vol 317 (3) ◽  
pp. 6-19
Author(s):  
Yurii Lupenko ◽  
Svitlana Andros
Keyword(s):  
Financial Support ◽  
Agricultural Sector ◽  
International Experience ◽  
State Regulation ◽  
Bank Loan ◽  
Industrial Complex ◽  
Agricultural Enterprises ◽  
Credit Guarantees ◽  
Effective Instrument ◽  
Conceptual Foundations

The purpose of the article is, based on the analysis of the best international experience, to formulate theoretical aspects and offer recommendations aimed at developing an effective system of credit guarantees to increase financial support for small and medium-sized agricultural enterprises. Research methods. In the process of research, depending on the goals and objectives, the following methods of cognition and analysis of economic processes were used: theoretical generalization - when substantiating theoretical provisions on the functioning of the system of credit guarantees; statistical comparisons - in identifying and assessing the effectiveness of state regulation of the system of financing small and medium-sized businesses; analysis of hierarchies - when determining promising ways of financial support for small and medium-sized agricultural enterprises; systemic method - in assessing the effectiveness of government regulation of the system of credit guarantees as one of the key tools widely used with the support of enterprises in the agricultural sector of the economy; expert assessments - when systematizing the main guarantee schemes and types of guarantee products and restrictions on their practical application; analysis and synthesis, induction and deduction, comparison - in the study of international experience in the implementation of guaranteed lending programs and consideration of the existing schemes for organizing this activity. Research results. The main provisions of the development of the system of financial support for small and medium-sized agricultural enterprises are formulated and methodological approaches to its improvement in the context of reforming the national economy are developed. The expediency of the development of programs for providing loans was determined, taking into account their role in reducing the restrictions on lending by banks to small and medium-sized agricultural enterprises. Conceptual foundations for the implementation of guarantee programs carried out with state participation have been developed. It has been established that targeted long-term and medium-term loans and guarantees allow covering the risks associated with agricultural activities by providing financial resources for the development of production. The necessity of developing a system of credit guarantees as the most effective instrument of financial support for enterprises in the agricultural sector of the economy has been proved. It was found that a good result can be achieved through the provision of guarantees that provide a partial amount of credit, when the farmer also bears some responsibility for the return of the funds received. Scientific novelty. Conceptual foundations for the development of a loan guarantee system have been developed The introduction of government measures aimed at increasing the volume of lending to small and medium-sized agricultural enterprises is proposed. The system of credit guarantees was further developed as the most effective instrument capable of alleviating difficulties in obtaining a bank loan for small and medium-sized agribusiness. On the basis of the best international experience, the national system of guaranteeing loans was improved with the formation and functioning of specific financial institutions (funds) specializing in ensuring the provision of commercial loans to enterprises of the agro-industrial complex. Practical significance of the article lies in bringing the theoretical and methodological provisions to the level of practical recommendations in the development of national measures for financial support and stimulation of the development of small and medium-sized agricultural enterprises in Ukraine. The formulated provisions, conclusions and recommendations are of interest to managers and employees of enterprises in the agricultural sector of the economy. The research materials can be used in the activities of guarantee organizations, financial and credit institutions, government bodies. Tabl.: 2. Figs.: 2. Refs.: 19.

scholarly journals Features of investment development of agricultural enterprises

2021 ◽  
Vol 23 (97) ◽  
pp. 24-30
Author(s):  
R. M. Myniv ◽  
V. О. Ivashkiv
Keyword(s):  
Economic Crisis ◽  
Capital Investment ◽  
Agricultural Sector ◽  
Positive Trend ◽  
Industrial Complex ◽  
Investment Activity ◽  
Agricultural Enterprises ◽  
Total Capital ◽  
Low Efficiency ◽  
Investment Process

Investments in agricultural enterprises affect the volume of national GDP. At the same time, the development of the investment process in agriculture can have a significant synergistic effect, as investments belong to the gross accumulation of capital, which is one of the components of GDP. Real investment inflows to enterprises in the agro-industrial complex during 2015–2019 tended to increase. In 2019, compared to 2015, the volume of total capital investment in agriculture, forestry and fisheries increased by UAH 28.975 million or 196 %, which is a favorable condition for the development of domestic agricultural enterprises. During 2015–2020, there is a positive increase in capital investment in Ukraine's economy as a whole, but the share of capital investment in agriculture tends to decline annually, especially in 2020 compared to 2019, by 17 %. The decline in investment activity in agriculture is due to unstable macroeconomic and political factors in our country, limited purchasing power, the beginning of the global economic crisis, the gradual devaluation of the national currency, low efficiency of the agricultural sector. The volume of investment averages about 10 % of the total amount of capital investment in the country is quite low, despite the fact that the agricultural sector of our country has a fairly high potential for development and significant investment attractiveness. The dynamics of the share of investment in the national GDP and gross investment in the economy of Ukraine is characterized by a positive trend towards gradual growth during 2015–2019. In 2010, the volume of investments in the agricultural sector amounted to 1.5 % of GDP of our country and 3.3 % relative to gross investment, and in 2015 these figures were 2.3 % and 3.5 %, respectively. In 2019, these figures were 1.7 % and 4.8 %. That is, we can state that during the analyzed period there is an increase in the role of investment in the agricultural sector of the economy and in the formation of sustainable economic development potential of Ukraine. According to the results of 2018, agricultural enterprises and organizations of all forms of ownership at the expense of all sources of funding mastered 64 billion UAH. capital investment, which is 127 % compared to the period of 2017 and 340 % compared to 2013. In 2014–2015, there was a decrease in investment activity in the agricultural sector due to the economic crisis in the country. In 2019–2020, the volume of capital investment in agricultural enterprises decreased by UAH 11 billion, which is a sign of deteriorating investment activity in the agricultural sector.

STATE SUPPORT OF AGRICULTURE: PROBLEMS, WORLD PRACTICES AND PROSPECTS FOR UKRAINE

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 315-323
Author(s):  
IRINA FURMAN ◽  
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Developed Countries ◽  
Industrial Sector ◽  
State Regulation ◽  
Industrial Complex ◽  
State Support ◽  
Agricultural Enterprises ◽  
Economic Significance ◽  
Role Of The State

Ukraine’s adaptation to the modern market system of economic activity is determined by the need to implement a number of urgent reforms aimed at increasing the role of the state in the integrated development of the economic and priority agro-industrial sector. Radical reforms of state regulation of agricultural production are necessary to overcome the existing crisis phenomena and ensure further intensive development of the agro-industrial complex. In the practice of progressive highly developed countries, the agro-industrial complex of which was formed under the influence of state regulation, demonstrates that in market conditions the efficiency of agricultural production largely depends on the level of state incentives and state support. The article examines the main aspects of state support for agriculture in modern conditions, which are regulated by regulations. The economic significance of state support is determined, its current state and main directions for agricultural enterprises are studied. The results of the analysis of preconditions and measures that led to the change of directions and volumes of state support in the budget for 2020 are presented. Ways to develop state support for the country’s agricultural sector have been identified. Some world models of state support are analyzed and prospects for Ukraine are outlined. The obtained results are similar to domestic studies and defend the belief in the need for state support of the competitive environment, and not only certain forms of management and ensuring food security by means of regulatory policy coordinated to support the industry.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

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