Uman NUH | today: 04/16/2024
| Author(s) |
Vlasyuk S.A., , , Uman National University of Horticulture Цимбалюк Ю. А., , , Ролінський О. В., , , Левченко О. О., , , |
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| Category | Economics | ||
| year | 2023 | issue | Issue number 103. Part 2 |
| pages | 129-139 | index UDK | 336:338.43 | DOI | 10.32782/2415-8240-2023-103-2-129-139 (Link) |
| Abstract | Financial support of the agricultural sector is a critical component for its sustainable development. The theoretical aspects of this problem include not only the study of financing sources, but also the consideration of risk and its reduction methods. Today, to solve the agricultural sector’s financial problems, it is necessary to use various tools and approaches that will allow effective application of local financial mechanisms. In particular, reduced state tax rates, as an element of state support with the purpose to create conditions for affordable and appropriate provision of credit resources to agricultural producers. The creation of lending support funds, the introduction of preferential lending mechanisms, the development of mortgage lending, support of credit unions, or the introduction of preferential taxation are also important. A detailed analysis of the agricultural sector support by bank loans clearly illustrates that nowadays bank lending is extremely important for access to capital, preservation of liquidity, development of enterprises, investments and support of start-ups. This facilitates risk management and stimulates economic growth. In addition, banks play a critical role in attracting additional funds to stimulate the development of agricultural production. In the process of the agricultural sector financial support studying, it became obvious that this area is key for the stable progress of the agricultural economy. The use of innovative approaches, such as crowdfunding, fundraising and outsourcing, has proven to be effective in securing financial resources and supporting the development of the agricultural sector. These strategies not only stimulate economic growth, but also help build positive relationships between farmers and consumers. The integration of outsourcing and crowdfunding in the agricultural sector can significantly improve financial stability and efficiency. These innovative approaches allow farmers not only to attract additional financial resources, but also to improve production processes and facilitate interaction with consumers. Focusing on attracting investor support through fundraising also helps to build sustainable relationships with consumers. In the final conclusions, it is important to note that the agricultural sector’s financial provision requires an integrated approach, taking into account modern trends and constantly searching for optimal financial instruments. These strategies open up new prospects for the development of agriculture, making it modern and able to meet the current challenges. | ||
| Key words | financial support, bank, credit, state support, outsourcing, crowdfunding, fundraising | ||