Uman National University | today: 05/23/2026
| Author(s) | Kolotukha S.M., Candidate of Economics, , Uman National University of Horticulture, Ukraine | ||
|---|---|---|---|
| Category | Economics | ||
| year | 2026 | issue | Issue 108 part 2 |
| pages | 156-167 | index UDK | 336.77.067:631 | DOI | 10.32782/2415-8240-2026-108-2-156-167 (Link) |
| Abstract | The article provides a comprehensive analysis of the current state, key challenges, and development prospects of the agricultural credit market in Ukraine under conditions of military aggression and economic instability. It is established that, despite significant losses of production infrastructure, reduced financial resources, and heightened operational risks, the agricultural sector continues to play a strategic role in ensuring national food security and sustaining the country’s export potential. The study identifies the main constraints affecting the development of the credit market, including the high cost of borrowing, limited access to bank financing, price disparities, the seasonal nature of agricultural production, and the shortage, and forward contracts is substantiated, as these instruments partially compensate for restricted access to bank credit under wartime conditions and support the continuity of production processes. Particular attention is devoted to the introduction of innovative financial instruments, including agricultural receipts and electronic agricultural notes, which function as non-issued securities and expand opportunities for raising financial resources while enhancing the liquidity of agricultural enterprises. In addition, international experience in the development of commercial lending is synthesized, including the application of fintech solutions, trade finance instruments, supply chain finance models, government guarantees, and social lending practices, demonstrating their potential adaptability to the Ukrainian context. It is concluded that the stabilization of the agricultural credit market requires a systemic integration of bank and non-bank financing mechanisms, improvement of the regulatory framework, development of institutional infrastructure (including land banks and credit unions), expansion of state support instruments, and active implementation of digital and innovative financial solutions. The realization of these measures will enhance the financial resilience of agricultural enterprises, broaden access to credit resources, and ensure the long-term development of Ukraine’s agricultural sector. | ||
| Key words | financial and credit support, agricultural sector, lending mechanism, trade credit, agricultural receipts, digital innovations | ||