IMPROVING THE MECHANISM OF PREFERENTIAL LENDING TO AGRICULTURAL ENTERPRISES OF UKRAINE

Abstract

Basic tools of the mechanism of preferential lending to agricultural enterprises of Ukraine are considered in the article. The analysis of state and dynamics of lending to agricultural enterprises for the period 2001–2014 are done. The accent of attention on the need of state regulation intensification of the formation of an effective mechanism of preferential crediting to agricultural enterprises is marked. Methods. In the article are used tabular, graphical and statistical methods for economic research. Information base of research are legislative and legal acts, which regulate activity of agricultural enterprises, report data from the Ministry of Agrarian Policy and Food of Ukraine, the Annual Report of the National Bank of Ukraine, the State Statistics Service of Ukraine, taxed financial statements of agricultural enterprises, the results of own research. Results. In the process of research, it was found that effectiveness of crediting, primarily, determined by the validity of credit policy, effectiveness of the key factors of credit mechanism and macro-financial stability of the state. It is found that the mechanism of preferential lending to agricultural enterprises in Ukraine was not optimized and perfected at the appropriate level throughout the study period, the volume of direct support to agricultural production, which is also preferential loans to agricultural enterprises, were insufficient. Practical meaning. It is proved that improve of the mechanism of preferential lending to agricultural enterprises should be based on optimizing the needs of the state, borrowers (subjects of the agricultural sector), lenders (banks and non-bank institutions) and financial market regulators. Value/originality. Ways to improve the mechanism of preferential lending to agricultural enterprises by creating appropriate institutional framework to support agro-industrial complex, intensification of cooperation of agricultural enterprises and banking institutions to solve mutual interests, ordering a credit quality for agricultural enterprises and through improving the legal component of the preferential lending mechanism is provided. It is stated in conclusions that there is need for further research of these problems.