Economics and management of national economy

Peculiarities of agrarian receipts as a modern financial tool

Economic Annals-XXI

Economic Annals-ХХI: Volume 169, Issue 1-2, Pages: 46-49

Citation information:
Sodoma, R., Skhidnytskа, H., Shvorak, A., Shmatkovska, T., & Zhurakovska, I. (2018). Peculiarities of agrarian receipts as a modern financial tool. Economic Annals-XXI, 169(1-2), 46-49. doi: https://doi.org/10.21003/ea.V169-09

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Ruslana Sodoma
PhD (Economics),
Associate Professor of the Department of Finance,
Banking and Insurance,
Lviv National Agrarian University
1 Volodymyr Velykyi Str., Dublyany, Zhovkva district, Lviv region, 80381, Ukraine
sodomaruslana@mail.ru
ORCID ID: https://orcid.org/0000-0002-5020-6440

Halina Skhidnytskа
PhD (Economics),
Associate Professor of the Department of Finance,
Banking and Insurance,
Lviv National Agrarian University
1 Volodymyr Velykyi Str., Dublyany, Zhovkva district, Lviv region, 80381, Ukraine
galina_shid@mail.ru
ORCID ID: https://orcid.org/0000-0003-0333-1721

Anatoliy Shvorak
D.Sc. (Economics),
Associate Professor,
Head, Department of Accounting and Audit,
Lesya Ukrainka Eastern European National University
28 Vinnichenko Str., Building 7(G), Lutsk, 43000, Ukraine
ams95@ukr.net
ORCID ID: https://orcid.org/0000-0003-2077-5308

Tetiana Shmatkovska
PhD (Economics),
Associate Professor of the Department of Accounting and Audit,
Lesya Ukrainka Eastern European National University
28 Vinnichenko Str., Building 7(G), Lutsk, 43000, Ukraine
shmatkovska2016@gmail.com
ORCID ID: http://orcid.org/0000-0003-2771-9982

Iryna Zhurakovska
PhD (Economics),
Associate Professor of the Department of Accounting and Audit,
Lutsk National Technical University
75 Lvivska Str., Lutsk Volyn region, 43018, Ukraine
i.zhurakovska@lntu.edu.ua
ORCID ID: https://orcid.org/0000-0001-9803-5874

Peculiarities of agrarian receipts as a modern financial tool

Abstract. Lending against the pledge of future crops is one of the main ways of using agrarian receipts. The authors propose enhanced understanding of the necessity of introducing agricultural receipts as a modern tool. The article provides detailed characteristics of possible financial tools intended to be used in agrarian business. Agricultural payments are identified as a method of progressive lending which ensures balancing and granting of rights both to the lender and the borrower. In their research, the authors of the article have developed an algorithm of lending against the pledge of future crops and assessed the applicability of foreign experience in terms of the development of suggestions on how to provide agricultural enterprises with the associated opportunities. With the use of agrarian receipts, credit facilities adapt to farmers’ needs. For example, they are structured by cultivation, which makes it possible to issue the credits quicker and cheaper. Receipts can be used as collateral for obligations related to banks, suppliers and other creditors. They serve as an innovative and effective tool for stimulating lending in the agricultural sector. Lending against the pledge contributes to the improvement of investment attractiveness of the agrarian sector and ensures the use of agricultural incomes as an alternative and modern lending mechanism.

Keywords: Agricultural Receipts; Future Crops; Agricultural Enterprises; Bank Lending; Monitoring; Innovations

JEL Classification: Q14

DOI: https://doi.org/10.21003/ea.V169-09

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Received 10.11.2017

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