scholarly journals CREDIT SUPPORT FOR AGRICULTURAL DEVELOPMENT: COMPARATIVE CHARACTERISTICS OF UKRAINE AND KAZAKHSTAN

THE BULLETIN ◽  
2021 ◽  
Vol 3 (391) ◽  
pp. 72-80
Author(s):  
V. Kovalenko ◽  
S. Sheludko ◽  
O. Sergeeva ◽  
T. Kyriazova ◽  
O. Yesina
Keyword(s):  
Interest Rates ◽  
Agricultural Development ◽  
Methodological Approach ◽  
Bank Lending ◽  
Industrial Complex ◽  
Credit Policy ◽  
Active Growth ◽  
Agricultural Enterprises ◽  
Budget Support ◽  
Technological Modernization

The paper examines the current features of bank lending to agricultural enterprises in Ukraine and Kazakhstan. It is proved that the agricultural entrepreneurship of the compared countries’ economies increasingly needs the financial investments, necessary for the renewal and technological modernization of production. The purpose of the paper is to analyze the state of lending to agricultural enterprises in Ukraine and Kazakhstan, study its volume, identify the main directions of changes in its structure by type of credit services, as well as assess trends and prospects for its development. Section 1 of the article identifies the features of banks’ credit policy concerning lending to agricultural enterprises. It is presented the methodological approach to the comparative assessment of the development of the agro-industrial complex of Ukraine and Kazakhstan. It is identified the main provisions of strategies for the development of agricultural production in Ukraine and Kazakhstan. It is substantiated features of banks’ credit policy in lending to agricultural enterprises, which restrain the active growth of lending to the agro-industrial complex. Section 2 of the article provides a comparative description of Ukraine and Kazakhstan in terms of credit support to the industry. It is established that the most attractive for bank lending are large agricultural enterprises in terms of production and yield. It is proved the importance of direct state financial support for economic entities of the agro-industrial complex through the mechanisms of cheaper loans and compensation of lease payments. In the final section, the authors highlight the key priorities of accelerating the development of bank lending to agricultural enterprises in Ukraine and Kazakhstan by increasing budget support, rational use of budget funds, lower interest rates for agriculture, improving methods of assessing the creditworthiness of borrowers with concern of specific production.

scholarly journals ANALYSIS OF CURRENT STATE AND PROSPECTS OF DEVELOPMENT OF THE BANKING CONSUMER CREDITING IN UKRAINE

2017 ◽  
pp. 156-163
Author(s):  
Yaroslav Chaikovskyi
Keyword(s):  
Interest Rates ◽  
Consumer Credit ◽  
Bank Lending ◽  
Credit Policy ◽  
Rapid Reduction ◽  
Current State ◽  
Banking Institutions ◽  
Analytical Assessment ◽  
Points Of View ◽  
High Level

The article discusses different points of view and the essence of the economic category of «consumer credit». Analytical assessment of the current state and bank lending to individuals in Ukraine is carried out. Analysis of development of bank crediting of individuals has revealed that from 2005 to 2016 and for two months in 2017 consumer crediting in Ukraine has been developing unevenly. A comparative analysis of the dynamics of loans granted by banking institutions to residents, juridical and physical persons is carried out. The current state of bank crediting of individuals is characterized by a gradual decrease of volumes and a rapid reduction in the proportion in total bank lending. The main problems regarding the granting credits to individuals by banking institutions are revealed. High level of interest rates on loans to individuals, reduction of real incomes and risky credit policy of banks are the main obstacles of development of the bank consumer crediting. Recommendations for ensuring and increase of the efficiency of bank consumer crediting have been developed.

scholarly journals New Method for Efficiency Evaluation of Digital Technologies in Agricultural Sector

2019 ◽  
Vol 49 (3) ◽  
pp. 495-504
Author(s):  
Артём Рада ◽  
Artem Rada ◽  
Елена Федулова ◽  
Elena Fedulova ◽  
Петр Косинский ◽  
...  
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
Methodological Approach ◽  
Digital Technologies ◽  
Economic Benefits ◽  
Industrial Complex ◽  
Quantitative Methodology ◽  
Direct Evaluation ◽  
Agricultural Enterprise ◽  
Social Components

The paper features digital technologies in satellite farming and introduces a quantitative methodology to evaluate various types of their effectiveness. The authors determined the main types of efficiency and components of evaluation and substantiated the algorithm of analysis. The paper also contains a list of related economic, environmental, and social components, as well as a set of formulas and dependencies. The methodology for assessing the effectiveness of digital technologies has a two-block structure. The first block determines the needs and opportunities for the implementation of digital technologies and helps to define the enterprises that may benefit from digital technologies. The second block involves a direct evaluation of the results and efficiency of the digital technologies to be implemented and substantiates management solutions. The paper describes approaches and procedures that help to assess the biological, technological, and economic benefits of digital technologies for an agricultural enterprise. The authors quantified the structure of the environmental effect of the introduction of digital technologies and introduced some dependencies can determine profitability and cost recovery indicators. The research used the methodological approach to assess the environmental and social efficiency of digital technologies for an agricultural enterprise. The approach corresponds with the requirements of sustainable agricultural development declared by the UN. The results can be used by enterprises of the agro-industrial complex and suppliers of digital technologies.

scholarly journals FINANCING AGRICULTURAL ENTERPRISES AS A SPECIAL PROCESS

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
L.V KISLITSYNA ◽  
◽  
B.V MAXIMOV ◽  
Keyword(s):  
Interest Rates ◽  
Financial Support ◽  
Debt Financing ◽  
Special Role ◽  
Industrial Complex ◽  
Agricultural Activities ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Special Process

One of the priority strategic tasks of state policy is the formation of an effective competitive agro-industrial production, which becomes possible if there is the necessary financial support for agricultural enterprises. The financing process in this case is the basis for solving this problem. The article examines the process of financing an agricultural enterprise as a special process that includes financial support and the use of capital. Financial support plays a special role for an agricultural enterprise, since the use of capital is predetermined by the specifics of the activity. One of the ways to finance the agro-industrial complex is self-financing, this allows you to cover current costs, but in the long term does not allow you to increase profits due to an increase in cost. It is economically justified to use debt financing. The peculiarities of agricultural activities lead to the need for financial support from the state. The article discusses the most relevant form of support, namely, subsidizing interest rates on loans.

scholarly journals Assessment of budgetary programs for organizational support of technological updating of production in agricultural enterprises

2019 ◽  
pp. 47-56
Author(s):  
Liudmyla Sas
Keyword(s):  
Organizational Support ◽  
Production Management ◽  
The State ◽  
Industrial Complex ◽  
Innovative Development ◽  
State Budget ◽  
Experimental Development ◽  
Agricultural Enterprises ◽  
Technological Modernization ◽  
Training Of Personnel

Introduction. Effective functioning of agricultural enterprises at the current stage of economic development is possible only in an intensive way, which involves making and implementing innovative decisions to improve production, management and marketing activities. One of the directions of innovative development of the enterprise is technological modernization of production. Considering the huge expenses of implementation of this process, connected with the costs of material and technical, information support, training of personnel, etc., the state financial support for innovation is important and desirable. It is manifested in the financing of relevant budget programs aimed not only at the direct implementation of technological modernization of production, but also the organizational support for its implementation. The purpose of the article is to identify and evaluate budget programs for organizational support of technological upgrading of agricultural enterprises’ production. Methods. Methods of generalization, systematization, analysis, abstraction, comparison, absolute and relative values are used in the process of research to identify and evaluate budget programs for organizational support of technological upgrading of production in agricultural enterprises. Results. The importance and necessity of measures for research and experimental development in the process of technological renovation of agricultural enterprises' production are substantiated. Training, retraining and advanced training of personnel; advisory assistance; some agro-technical and zoo-technical measures that are a function of the state and financed by the relevant budget programs are substantiated. It was found out that during 2009-2018, funds were allocated from the state budget for measures of organizational support of technological renovation of agricultural enterprises’ production within the framework of financing of relevant budget programs. However, in the recent years the number of budget support programs for the agro-industrial complex and their funding have decreased compared to 2009, and individual programs have ceased to operate separately and combined with other programs. Thus, this situation will not improve the efficiency of the process of technological upgrading of agricultural enterprises’ production. Discussion. It is important and necessary in the future to include the funds in the state budget aimed at financing the programs of innovative development of agricultural enterprises, in particular for technological updating of production. Keywords: technological updating of production; agricultural enterprises; budget programs; organizational support.

scholarly journals Analysis of the influence of factors of innovative activity of agro-industrial complex enterprises on the stability of their economic development

Ekonomika APK ◽  
2021 ◽  
Vol 315 (1) ◽  
pp. 84-94
Author(s):  
Shichao Chang
Keyword(s):  
Economic Development ◽  
Methodological Approach ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Internal Factors ◽  
Agricultural Enterprises ◽  
Sustainable Economic Development ◽  
Relationship Of ◽  
The Relationship

The purpose of the article is to develop a new methodological approach to the analysis of innovative activity of enterprises of the agro-industrial complex in order to ensure their sustainable economic development, taking into account the factors of economic growth. Research methods. The scientific provisions on planning innovation activities and analysis of innovative processes (the essence and content of innovation activity of enterprises are justified), modeling and organization of innovation activity, forecasting its results in economic systems (modern trends in the development of methods for analyzing and assessing innovation activity of enterprises in the system activity), as well as general scientific methods of cognition: systemic (formulated the problems of assessing the innovative activity of enterprises from the standpoint of ensuring their sustainable development and determining potential ways to solve them), complex (analysis of the parameters of the innovative activity of domestic enterprises), abstract-logical (the influence of environmental factors on the innovative activity of the enterprise is analyzed), functional and structural-level research methods (the relationship of internal factors of the enterprise's innovative activity is considered), methods of analysis and synthesis (the relationship of the internal factors of the enterprise's innovative activity is analyzed), evolutionary and historical approaches (the relationship of the factors of the enterprise's innovative activity with the parameters of its sustainable development is considered). Research results. The methodological foundations of the innovative activity of agro-industrial complex enterprises have been theoretically substantiated as the degree of intensity of their actions on the creation and development (practical implementation) of innovations in the context of rapidly changing external conditions and tough market competition. Despite the high cost of mistakes in the innovative development of agricultural enterprises, the analysis of the innovative activity of an enterprise is an important tool for ensuring their sustainable economic development. Scientific novelty. The elements of scientific novelty lie in the theoretical substantiation and experimental confirmation of a new methodological approach to the analysis of the innovative activity of agricultural enterprises in order to ensure their sustainable economic development. This makes it possible to determine the tools for intensifying the activities of enterprises through building up and productive use of intellectual potential. The concept of “innovative activity of enterprises” is clarified and it is shown that this is one of the main characteristics of their innovative activity. The composition of the parameters of innovative activity of enterprises has been improved and a set of factors stimulating and restraining the innovative activity of agricultural enterprises has been determined. On the basis of the conducted analytical studies, the interrelation and power of the mutual influence of factors of innovative activity of enterprises, as well as the relationship of these factors with the parameters of sustainable economic development, were revealed. Practical significance of the article lies in the possibility of using its provisions and conclusions when analysing the relationship of internal factors of innovative activity of an enterprise, as well as when analysing the relationship between factors of innovative activity of agricultural enterprises with an assessment of the sustainability of their market development. The proposed set of methodological recommendations makes it possible to assess the innovative activity of an enterprise in the interests of its sustainable economic development. Tabl.: 2. Refs.: 22.

scholarly journals FINANCES OF THE PUBLIC-PRIVATE PARTNERSHIP AS A WAY OF UKRAINIAN AGROINDUSTRIAL COMPLEX DEVELOPMENT

2018 ◽  
Vol 1 (2(14)) ◽  
pp. 83-87 ◽  
Author(s):  
Irina Anatoliivna Kosach ◽  
Zhanna Petrivna Lysenko ◽  
Artur Hryhorovych Oleksyn
Keyword(s):  
Agricultural Production ◽  
Agricultural Development ◽  
Public Private Partnership ◽  
Industrial Complex ◽  
Public And Private ◽  
Association Agreement ◽  
Private Partnership ◽  
Budget Support ◽  
Complex Development ◽  
Agroindustrial Complex

Urgency of the research. The need to improve the policy of financing agricultural production is due to the lack of budget support and the imperfect mechanisms of indirect state support. Target setting. New economic and political realities make their adjustments to the process of financing and management of investment processes in the industry, which should meet the challenges of the present, based on the world's leading experience and take into account the requirements of the Association Agreement between Ukraine and the EU. This concerns, first of all, the attraction of public-private partnership finance to the process of managing the development of agro-industrial complex. Actual scientific researches and issues analysis. The research of the problems of financing the AIC is devoted to the works of such domestic scientists as P. Sabluk, O. Gudz, V. Yurchyshyn, P. Gaidutsky. The issues of the implementation of public-private partnership relations are considered by B. Danylyshyn, I. Brailovsky, I. Zapatrina, M. Zabastansky and many others. Uninvestigated parts of general matters defining. The aforementioned studies do not consider the possibility of financing the agroindustrial complex on the principles of the implementation of public-private partnership relations and the advantages of a combination of public and private finance. The research objective. The purpose of the article is to substantiate the possibilities of using PPP as an effective tool for financial support in the process of financing agricultural development. The statement of basic materials. The present state of financing of agroindustrial complex and agricultural production as a priority branch is analyzed. The expediency of implementation of public-private partnership in the agroindustrial complex is substantiated. The main directions of using public-private partnership tools in the context of improving the policy of financing the develobpment of agro-industrial complex are considered. Conclusions. Effective, responsible and transparent use of public-private partnership finances will allow for a steady economic growth of the branches of the domestic agroindustrial complex.

scholarly journals The question of estimating the efficiency of investment costs in the agro-industrial complex

2021 ◽  
Vol 285 ◽  
pp. 01012
Author(s):  
A.Yu. Gusev
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
Time Lag ◽  
Investment Project ◽  
Industrial Complex ◽  
Time Period ◽  
Financial Investments ◽  
Technological Modernization ◽  
Investment Process ◽  
The Cost

The assessment of the effectiveness of investments in the sectors of the national economy and, first of all, in agriculture, in most countries of the world is very relevant for all participants in the investment process. The key point of effectiveness is the payback periods of investments. The shorter they are, all other things being equal, the higher the efficiency of investment costs is. In a market economy, changes in the value of banknotes are constantly occurring over time, therefore, in the current conditions, it is advisable to assess the cost and effectiveness of investment costs, considering the time period (time lag). This method will allow to adjust the assessment and cost of financial investments in an investment project, considering the time factor. Agricultural development priorities should be focused on technical and technological modernization and innovation. One of the key directions for the development of the investment process in the country is the renewal of the material and technical base of the agricultural sector.

scholarly journals MODERN PROBLEMS OF BANK LENDING OF ENTERPRISES OF THE AGRICULTURAL COMPLEX OF UKRAINE

2021 ◽  
Vol 4 (39) ◽  
pp. 50-57
Author(s):  
S. Arzhevitin ◽  
B. Stetsenko ◽  
I. Okhrymenko ◽  
A. Bilochenko ◽  
V. Biloshapka
Keyword(s):  
Interest Rates ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Bank Lending ◽  
Jel Classification ◽  
Bank Loans ◽  
Industrial Complex ◽  
Agricultural Producers ◽  
Analysis And Synthesis ◽  
Credit Programs

Abstract. The purpose of the article is to identify the main factors that constrain lending to enterprises of the agro-industrial complex of Ukraine, to suggest ways to improve their lending system. A systematic approach was chosen as the methodological basis of the study, which provides for a comprehensive study of the bank lending system of the agro-industrial complex. Historical and structural-functional approaches were also used in its analysis. Methods of comparative analysis were used to consider some problems of bank lending to the agro-industrial complex. Of the general scientific methods in this study, methods of analysis and synthesis, induction and deduction were used. The article examines the dynamics and structure of loans to the agro-industrial complex in Ukraine for 2015-2020; the dynamics of interest rates on loans to the agro-industrial complex and the dynamics of agricultural production by UAH 1. credit provision of the agro-industrial complex in Ukraine for 2015-2020. During the analyzed period, these indicators increase or decrease proportionally, as evidenced by the importance of the efficiency of credit support of the agar sector. In 2020, the efficiency of credit provision of the agricultural sector amounted to UAH 11.64, which is UAH 0.4 more than in 2015. The analysis revealed that the agro-industrial complex today has a high need for financial resources. The characteristic of the main problems of the mechanism of crediting of an agro-industrial complex is given. The need to ensure the availability of bank loans has been identified. Stimulating investment lending to agricultural enterprises will have a positive impact on the development of the industry, as well as improve the existing economic situation of rural residents. High demand for credit resources from agricultural producers, the current state and dynamics of lending to the agro-industrial complex in Ukraine allow us to conclude that it is necessary to improve the mechanism of bank loans, develop effective credit products for the agro-industrial complex and strengthen state support for agricultural lending. Keywords: credit, banks, enterprises of the agro-industrial complex, credit programs for the agro-industrial complex. JEL classification G21, Q14 Formulas: 0; fig.:3; tabl.: 1; bibl.: 15.

scholarly journals Development of alternative forms and types of agricultural lending in Ukraine

2020 ◽  
Vol 11 (4) ◽  
Author(s):  
L. Hudoliy ◽  
Keyword(s):  
Interest Rates ◽  
Agricultural Production ◽  
Bank Lending ◽  
Financial Statements ◽  
Short Term ◽  
Agricultural Enterprises ◽  
Credit History ◽  
Bill Of Exchange ◽  
Main Barrier ◽  
Further Development

This article deals with the problem of insufficient provision of credit resources to agricultural enterprises in Ukraine, which hinders the further development of production in the industry and increases its share in the country's GDP. Bank lending of agricultural production remains limited due to the fact that banks still consider agricultural enterprises to be objects of high risk and low creditworthiness, and in the segment of agricultural lending, they prefer large enterprises that audit their financial statements and insure crops. A noticeable demand for loans from farmers is constrained by high interest rates, the prevailing short-term nature of loan agreements, the requirements for high advance payments, floating charge or guarantees. The point of the article is to show the possibilities of expanding lending of agricultural enterprises both through bank lending and alternative forms and types of agricultural lending, such as leasing, promissory note lending or a combination of various forms and instruments. These forms are more "tolerant" to farmers than bank lending. Comparative calculations made on the materials of a number of Ukrainian banks confirmed that lease payments are lower than on the loan, and on the avalized bill of exchange are lower than on leasing. In addition, these forms allow you to avoid high advance payments, strict requirements for property collateral, for a positive credit history, and guarantees, which are the main barrier to obtaining loans by farmers. The use of these forms and types of lending will expand the ability of farmers to obtain credit resources of their need and optimize the price of credit resources and business taxation.

scholarly journals Budget support for technological updating of production and modernization of activity of agricultural enterprises

2019 ◽  
pp. 199-206
Author(s):  
Liudmyla Sas ◽  
Petro Matkovskyi
Keyword(s):  
Financial Support ◽  
Crop Production ◽  
Agricultural Sector ◽  
Animal Husbandry ◽  
Industrial Complex ◽  
State Support ◽  
Agricultural Enterprises ◽  
Budget Support ◽  
The Cost ◽  
Cost Of Construction

Purpose. The aim of the article is to research budget support areas for logistical support of technological updating of production and modernization of activity of agricultural enterprises. Methodology of research. The methods of generalization, systematization, analysis, abstraction are used in the process of research to determine the directions of budget support for technological updating of production and modernization of activities of agricultural enterprises in the context of budget programs. The scientific base of scientific research was composed of scientific works of domestic scientists-economists and legislative and regulatory documents on budget support for the agricultural sector of the economy. Findings. The necessity of state support of technological updating of production and modernization of activity of agricultural enterprises is substantiated. Areas of budget support for material and technical support for technological upgrading of production and modernization of agricultural enterprises are identified and analyzed, in particular within budget programs for: partial reimbursement to the economic entities of the cost of construction and reconstruction of livestock farms and complexes and enterprises for the production of compound feed; budget livestock subsidies and state support for crop production; state support for animal husbandry; providing financial support to agribusiness entities through the mechanism of cheaper loans and offsetting of lease payments; financial support (development) of farms; partial compensation for the cost of sophisticated agricultural machinery of domestic production; partial reimbursement of the cost of construction of new greenhouse complexes; financial support for activities in the agro-industrial complex. Originality. The role of budgetary programs on technological updating of production and modernization of activity of agricultural enterprises are defined, analyzed and substantiated. Practical value. The obtained results of the study can be used to organize the process of technological updating of production and modernization of agricultural enterprises. Key words: technological modernization of production; modernization; agricultural enterprises; state support; budget programs.

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