Uman NUH | today: 12/22/2024
| Author(s) |
Bechko P.K., Candidate of Economics, , Uman National University of Horticulture, Ukraine Бондаренко Н. В., , , Мігур І. О., , , Лиманюк В. В., , , Демчук В. М., , , |
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| Category | Economics | ||
| year | 2024 | issue | Issue 105 part 2 |
| pages | 116-131 | index UDK | 338.43: 339.137.2 (477) | DOI | 10.32782/2415-8240-2024-105-2-116-131 (Link) |
| Abstract | The agricultural sector is one of the key components of Ukraine's economy, especially in the context of the ongoing military conflict, where its stability and development are of particular importance for ensuring food security and economic stability in the country. The sources of financing for the agricultural sector in wartime undergo significant changes due to a sharp decline in investment volumes, increased financial risks, and limited access to traditional credit resources. Given these factors, it is crucial to provide agricultural enterprises with sufficient financial resources to support production processes, restore infrastructure, and adapt to new economic realities. An important aspect of securing financing is the effective use of various sources: public and private, as well as expanding opportunities to attract external investment. Government financial programs, such as subsidies, grants, and specialized loans, can partially compensate for the losses incurred by businesses due to military actions. However, to achieve sustainable development of the agricultural sector during a crisis, it is important to find alternative financing methods, such as leasing, agricultural promissory notes, and investment projects, which reduce reliance on the state budget and allow for risk diversification. Modern methods of financing agricultural business should include innovative mechanisms, such as digital platforms for attracting investments, agricultural bonds, as well as the development of agricultural insurance and risk mitigation programs. During this period, it is extremely important to improve the legal and regulatory framework, particularly in terms of ensuring transparency in credit agreements and protecting borrowers' rights. Despite the existing challenges, the agricultural sector remains a vital part of the economic strategy, and the effective management of financing is critical not only for recovery but also for the further development of the industry. The strategic use of existing financing sources will allow agricultural enterprises to increase their resilience to crises, ensure the sustainability of production processes, and boost the country's export potential, which is a key factor in the recovery of Ukraine's economy after the end of the war. | ||
| Key words | agricultural sector, sources of financing, state support, lending, investments, leasing, agricultural receipts, financial mechanisms | ||