AGRARIAN RECEIPTS OF AGRICULTURAL ENTERPRISES IN ACTIVATION OF THE COUNTRY'S FOOD SUPPLY

Authors

DOI:

https://doi.org/10.15330/apred.1.20.390-402

Keywords:

agricultural enterprises, food security, agricultural receipts, agricultural notes, bank lending

Abstract

The problem of attracting additional resources to the agricultural sector is an important task for agricultural enterprises, whose activities are of great importance for the food supply of the State. The article examines the arguments and counter-arguments for using agrarian receipts as an investment instrument for agricultural producers. The main purpose of the study was to analyse the current state of use of agrarian receipts in the activities of agricultural enterprises, to identify advantages and disadvantages, and to determine the prerequisites and prospects for increasing the volume of these instruments.

The article analyses their essence and studies the positive impact of agrarian receipts on domestic agriculture. The use of agrarian receipts allows adapting the attracted funds to the needs of agricultural enterprises. The study of these documents of title has revealed that they are certain types of documents used in the sphere of economic activity to mediate certain actions with property and property rights.

The article analyses the dynamics of their use in the period from 2015 to 2023. The article also considers the use of agrarian receipts in the regions of Ukraine, in particular, where the pilot project was implemented. The article suggests ways to increase the use of agrarian receipts throughout Ukraine.

 The article also explores the problems of developing lending to agricultural enterprises through agricultural receipts. The results of the analysis show that this practice is effectively applied in the activities of agricultural enterprises in Ukraine. The article analyses the volumes of bank lending to agriculture and establishes that the volumes of agrarian receipts almost equal the volumes of bank lending to the agricultural sector for a short period in the national currency, which contributed to a significant expansion of working capital financing in the agricultural sector.

The article identifies further directions for the development of the use of agrarian receipts, in particular, with the participation of bank lending secured by a financial agrarian receipt. The main issues that need to be addressed to create conditions for refinancing and securitisation of agricultural receipts are outlined.

Author Biographies

O. T. Levandivskyi, Vasyl Stefanyk Precarpathian National University, Department of Finance, Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine

D. Sc. (Econ.), Professor

N. I. Svynous , University of Economics and Entrepreneurship, Department of accounting and finance, Lviv highway, 51/2. Khmelnytskyi, 79000, Ukraine

PhD, Associate Professor

Z. M. Krykhovetska , Vasyl Stefanyk Precarpathian National University, Department of Finance, Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine

PhD (Econ.), Associate Professor     

References

Abramova, I. V. “Agrarian receipts as a tool for financial and credit support of small and medium-sized agricultural producers.” Business Inform, 2018, no. 2, pp. 253-258. National Library of Ukraine named after V.I. Vernadsky, nbuv.gov.ua/UJRN/binf_2018_2_37. Accessed 15 Apr. 2024

Kostyuchenko, D. L. “Agrarian receipts as a stimulating factor for the development of rural areas.” Economics. Finances. Management: topical issues of science and practice, no. 5, 2018, pp. 124-134. National Library of Ukraine named after V.I. Vernadsky, nbuv.gov.ua/UJRN/efmapnp_2018_5_12. Accessed 15 Apr. 2024

Negoda, Yu. V. “Agrarian receipts as a tool for structural transformation of financial and credit relations in the agrarian business of the region.” Problems of innovation and investment development. Series: Economics and management, no. 18, 2019, pp. 40-53. National Library of Ukraine named after V.I. Vernadsky, nbuv.gov.ua/UJRN/Piir_2019_18_6. Accessed 15 Apr. 2024

Yatsuh, O. “Agricultural receipts as an innovative form of financing the activities of agricultural enterprises.” Agrarian economy, vol. 12, no. 1-2, 2019, pp. 68-81. National Library of Ukraine named after V.I. Vernadsky, nbuv.gov.ua/UJRN/ae_2019_12_1-2_11. Accessed 15 Apr. 2024

Gevchuk, A. V. “Agrarian receipt as an alternative tool for ensuring settlement operations of agro-industrial complex enterprises.” International scientific journal "Internauka". Series: Economic sciences, no. 12(1), 2019, pp. 33-41. National Library of Ukraine named after V.I. Vernadsky, nbuv.gov.ua/UJRN/mnjie_2019_12(1)__7. Accessed 15 Apr. 2024

Makiyan, D. G. “Agrarian receipt: problematic aspects of an innovative legal institution designed to ensure the fulfillment of obligations of the agricultural producer.” Law and society, no. 3, 2021, pp. 59-67. National Library of Ukraine named after V.I. Vernadsky, http://nbuv.gov.ua/UJRN/Pis_2021_3_11. Accessed 15 Apr. 2024

On Agrarian Notes : The Law of Ukraine. Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/3586-IX#Text. Accessed 15 Apr. 2024

On Agrarian Receipts: Law of Ukraine. Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/5479-17#Text. Accessed 15 Apr. 2024

Andrievskyi, V., Tsvyk, G., Korotkov, O., and V. Govgera. “Financial agrarian receipt. Instructions for use.” EBRD, agrex.gov.ua/wpcontent/uploads/2017/03/%D0%A4%D1%96%D0%BD%D0%B0%D0%BD%D1%81%D0%BE%D0 %B2%D0%B 0-%D0%B0%D0%B3%D1%80%D0%B0%D1%80%D0%BD%D0%B0- %D1%80%D0%BE%D0%B7% D0%BF%D0%B8%D1%81%D0%BA%D0%B0- %D1%96%D0%BD%D1%81%D1%82%D1%80%D1%83%D0%BA%D1 %86%D1%96%D1%8F- %D0%BF%D0%BE- %D0%B2%D0%B8%D0%BA%D0%BE%D1%80%D0%B8%D1%81%D1 %82%D0%B0%D0%BD%D0%BD%D 1%8E.pdf. Accessed 15 Apr. 2024

On Mortgages: Law of Ukraine. Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/898-15#Text. Accessed 15 Apr. 2024

Sodoma, R.I., and G.V. Skhidnytska. “Agrarian receipt as an alternative mechanism for crediting agribusiness.” Accounting and finance, no. 3 (77), 2017, pp. 112-118

Stander, S.V. “Agrarian receipt and promissory note form as alternative sources of lending to agricultural enterprises.” Economy and society, no. 8, 2017, pp. 800-805.

Stoyko, O.Ya. “Capitalization of agricultural enterprises due to the use of agricultural receipts.” Efficient economy, www.economy.nayka.com.ua/pdf/4_2018/39.pdf?fbclid=IwAR1psD4hM9gUzi0hO8jhRbGI0qeePlsx3sPwCp 6rDC4-bT65q68JMiHhlIQ. Accessed 15 Apr. 2024

Petruk, O. M., and O. S. Novak. “The role of agricultural receipts in the development of lending to agricultural enterprises.” Efficient economy, no. 8, 2020, www.economy.nayka.com.ua/?op=1&z=8139. DOI: 10.32702/2307-2105-2020.8.14. Accessed 15 Apr. 2024

Zvarun, B. “Agrarian receipts: concepts and features of use.” Legal newspaper, no. 2829, 2019, pp. 682-683, yur-gazeta.com/publications/practice/zemelne-agrarne-pravo/agrarni-rozpiski-ponyattyata-osoblivosti-vikoristannya.html. Accessed 15 Apr. 2024

Pavlenko, O. “Agrarian receipts as an effective lending mechanism.” Economic truth, www.epravda.com.ua/columns/2015/08/14/555042/. Accessed 15 Apr. 2024

Janqueira, Gustavo. “Agrarian receipts have undergone a considerable transformation.” Agroportal, agroportal.ua/ua/views/mnenie-eksperta/agrarnye-raspiski-perezhili-nemaluyu-transformatsiyu/ Accessed 15 Apr. 2024

“How to finance Ukrainian agricultural producers with the help of agricultural receipts: lessons from Brazil. IFC project "Agrarian receipts in Ukraine".” AMP, avm-ua.org/uk/post/ak-finansuvati-ukrainskihsilgospvirobnikiv-za-dopomogou-agrarnih-rozpisok-uroki-brazilii?milkua=1. Accessed 15 Apr. 2024

“Agrarian receipts have become a successful tool for attracting financing.” Cabinet of Ministers of Ukraine, agro.me.gov.ua/ua/news/agrarni-rozpiski-stali-uspishnim-instrumenom-zaluchennya-finansuvannya. Accessed 15 Apr. 2024

“Mykolaiv Oblast attracts the most financing through agricultural receipts.” Agrotimes, agrotimes.ua/agromarket/mykolayivshhyna-zaluchaye-najbilshe-finansuvannya-za-agrarnymy-rozpyskamy/. Accessed 15 Apr. 2024

“Unified register of agricultural receipts.” Agrarian receipts: official website of SE "Agrarian Registers", agroregisters.com.ua/. Accessed 15 Apr. 2024

“Mykolaiv Oblast attracts the largest amount of financing through agricultural receipts. Agrotimes, agrotimes.ua/agromarket/mykolayivshhyna-zaluchaye-najbilshe-finansuvannya-za-agrarnymy-rozpyskamy/ Accessed 15 Apr. 2024

“The agrarian receipt is already international and needs an updated Law.” Agro-business, agro-business.com.ua/agro/finansuvannia-apk/item/16812-agrarna-rozpiska-vzhe-mizhnarodna-i-potrebue-onovlenogo-zakonu. html. Accessed 15 Apr. 2024

National Bank of Ukraine, bank.gov.ua/ua/statistic/sector-financial. Accessed 15 Apr. 2024

Levandivskyi, O., and M. Ivasyshyn. “Financial benefit in trade and economic relations between Ukraine and the EU.” Herald of the Khmelnytskyi National University, no. 1, 2023, pp. 237-243, journals.khnu.km.ua/vestnik/wp-content/uploads/2023/03/2023-314-36.pdf. Accessed 15 Apr. 2024.

Published

2024-06-13