Agrarian Economy 2019 Т. 12 № 1-2:68-81

AGRARIAN RECEIPTS AS AN INNOVATIVE FORM OF THE ACTIVITIES OF AGRICULTURAL ENTERPRISES FINANCING

Yatsukh O., PhD, Associate Professor
0000-0002-8007-2009
Tavria State Agrotechnological University

https://doi.org/10.31734/agrarecon2019.01.068

ANNOTATION

The normative-legal and institutional support of the mechanism of application of innovative form of agricultural enterprises activity financing with the use of agrarian receipts, which are the guarantee document of the bilateral agreement on financial support of production of the future crops yield, has been generalized. The stages of implementation of such operations has been presented on the basis of careful study and generalization of the peculiarities of actual agreements with the use of agrarian receipts. The existing problems have been identified and the features of the process of attraction of financial and material resources in the economic activity of agricultural enterprises using financial and commodity agrarian receipts have been identified. The basic terms of pricing for borrowed financial and material resources and future agricultural products in transactions with agrarian receipts have been distinguished. It has been established that the main characteristic advantages of using agrarian receipts against existing forms of financing are: simplified access to financial and logistical resources; a significant reduction in the cost of such resources due to the possibility of taking into account currency and price fluctuations in the market; increasing the potential of agricultural enterprises to attract additional financial resources by expanding the amount of mortgage obligations; significant expansion of the range of suppliers of material resources and guaranteed distribution channels of finished products of the future harvest. The important role of international agrarian receipts, which most often accompany forward agreements between producers and trading companies for the supply of future agricultural produce and facilitate the transition of agricultural enterprises to a qualitatively new level of cooperation in attracting international financial resources from foreign creditors has been defined.

KEY WORDS

agrarian receipts, agricultural enterprises, cost of borrowed financial resources, pricing for future agricultural products

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Article received 30.04.2019.