• Vera Zelenović, PhD University Novi Sad, Faculty of Economics Subotica
  • Željko Vojinović, PhD University Novi Sad, Faculty of Economics Subotica
  • Drago Cvijanović, PhD University Kragujevac, Faculty of Hotel Managementand Tourism, Vrnjačka Banja


Agriculture is characterized by a number of specifcities (seasonal and organic character, high risks of the production cycle, slow turnover of capital, inability to specialize production and low capacity utilization), due to which it is more demanding in terms of fnancing than other economic activities.Considering that the agriculture is one of the most important branches of the economy, which even in such difficult conditions and circumstances still yields profts, the subject of this work is to discuss the conditions of fnancing both by the state and by commercial banks, without which it is almost impossible to imagine the process of agricultural production. The aim of the paper is to point out the importance of stable and continuous fnancing of agriculture. Unfortunately, interest rate subsidy programs do not include consultations with the fnancial sector when programs are designed, and as a result, the way in which the programs are built does not motivate banks to increase lending to the agriculture sector. Farms need constant fnancial support because of the need to invest in production all at once and at a large scale, in accordance with the nature of production, the long retention period of the assets involved, ie the low turnover of the invested funds, and the low proft that the primary agricultural production generates makes it impossible to create own accumulation, or own sources of fnancing.


1.Birovljev, J., Vojinović, Ž., Balaban, M., Potential of agricultural production and its impact on insurance premiums, Economics of Agriculture Vol.LXII, No 3 (575-898) 2015, Beograd
2. Bogdanov N., Babović M. (2014). Radna snaga i diverzifkacija prihoda na poljoprivrednim gazdinstvima u Srbiji - stanje i izazovi za politiku ruralnog razvoja, Zbornik radova: Primena podataka Popisa polјoprivrede 2012. u analizi stanja polјoprivrede i u planiranju agrarne politike u Republici Srbiji, Republički zavod za statistiku, Subotica, ISBN-978-8686-6161- 115-5, str. 262
3. Božić, D., Bogdanov, N., Ševarlić M. (2011) Ekonomika poljoprivrede, Poljoprivredni fakultet, Beograd, str. 59
4. Gulan, B.,“Kako pomoći farmerima”, Novi korak, 2013.
5. Jolović, A., Njegovan, Z., Čavlin, M., (2014.) “Financing of the agriculture in Serbia: state and prospects”, Economics of Agriculture 1,
6. Madžar, L.,Značaj i izvozni potencijal privrede Republike Srbije sa posebnim osvrtom na stanje stočnog fonda, Škola biznisa, Broj 2/2014 UDC 631:339.5(497.11) str.124-140
7. Njegovan, Z., Filipović, M., Pejanović, R., (2009). “Privredni sistem, politika i razvoj”, Poljoprivredni fakultet, Novi Sad, 2009.
8. Njegovan, Z., “Risk analysis and Decission making process in agricultural enterprises of the CEEC”, Industrija, Ekonomski institut, Beograd, 2005.
9. Pejanović, R., Njegovan, Z., (2009) .:”Aktuelni problemi poljoprivrede i sela Republike Srbije”, Industrija, Ekonomski institut, Beograd.
10. Republički zavod za statistiku,(2016) Statistički godišnjak Republike Srbije, Beograd, str. 228
11. Simić, I. (2017) Organska poljoprivreda u Srbiji 2017, Nacionalno udruženje za razvoj organske proizvodnje Serbia organika, Beograd, str. 41
12. Stanković M. (2012) Agrarna politika Srbije i zajednička poljoprivredna politika, Škola biznisa, Broj 3/2012, UDC 338.43.02(497.11), 2012, str. 65
13. Službeni glasnik Republike Srbije , br. 85/2014 (2014) “Strategija poljoprivrede i ruralnog razvoja Republike Srbije za period 2014– 2024. godine” Ministarstvo poljoprivrede, Beograd, str. 8
14. Uprava carina, dostupno na
15. Vojinović Ž, Zelenović, V., Cvijanović, D., Program of state support to agricultural crediting, Economics of Agriculture Vol LXIV, N1 (1-404), 2017. Beograd
16. Vasiljević, Z., (2007). “Osnovni pravci reforme agrarne politike u Srbiji”, Naučna konferencija – Izazovi ekonomske politike Srbije u 2007. godini, Beograd, 2007
19. ( dostupno na dan 15.08.2017. )
20. (dostupno na dan 10.10.2017
23. na dan 22.05.2017.)
24. (dostupno na dan 10.10.2017.)
How to Cite
ZELENOVIĆ, Vera; VOJINOVIĆ, Željko; CVIJANOVIĆ, Drago. SERBIAN AGRICULTURE LOANS WITH THE AIM OF IMPROVING THE CURRENT SITUATION. Economics of Agriculture, [S.l.], v. 65, n. 1, p. 323-336, jan. 2018. ISSN 2334-8453. Available at: <>. Date accessed: 23 may 2018. doi: