Uman NUH | today: 10/14/2024
| Author(s) |
Bechko V.P., Candidate of Economics, , Uman National University of Horticulture, Ukraine Prokopchuk O.T., Candidate of Economics, , Uman National University of Horticulture, Ukraine |
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|---|---|---|---|
| Category | Economics | ||
| year | 2017 | issue | Issue number 90. Part 2 |
| pages | 46-61 | index UDK | 336.1:352 | DOI |
| Abstract | The valuation of current state of financial assurance of enterprises of agricultural sector proves that the own funds make the largest share in the structure of financing of agricultural enterprises (48-52%). The share of loans which are given by commercial banks for agriculture is 12-27%, and the financing of agricultural enterprises from the state budget is 4,1-7,6% and 3,7-5,8% - from local budgets in 2011-2015 . In the article it is found that the financing of agricultural enterprises with limited use of internal financial resources is made with the help of external sources, which include bank loans and investment resources. This is due to the fact that many agricultural enterprises have run out their possibilities of self-financing and they can not provide the organization of competitive agricultural products with their own funds. It is proved that investment resources play a special role in the financing of activity of agricultural enterprises. It is found that foreign investments are involved in limited amounts in agricultural sector and their share in total deposits is still small. Although in recent years in Cherkasy region there is a revival of investment activity. The analysis showed that in 2015 the amount of investments attracted by agricultural enterprises of the region increased up to 39.6% and was 4196,2 million UAH., which is 1190,8 million UAH more than in 2014. It is found that the use of the most effective forms (budgetary funds, extra budgetary funds of special funds, the own, attracted and borrowed financial resources) and methods (subsidies, grants, and direct foreign investment, agricultural insurance, preferential loans, agrarian leasing) of financing of activity of agricultural enterprises increases the competitiveness of domestic producers and agricultural products in domestic and international markets and creates favorable conditions for economic and infrastructure development. | ||
| Key words | financing, sources of financing, agricultural enterprises, financial support, financial resources, budgetary financing, funding, crediting, attracted financial resources, external financial resources, bank loans, investments | ||