QUALITATIVE AND QUANTITATIVE ANALYSIS OF MICRO AND MACRO ASPECTS OF AGRICULTURAL FINANCE

  • Branislav Veselinović, PhD The Faculty of Economics and Engineering Management – University Business Academy in Novi Sad
  • Maja Drobnjaković, M.A. The Faculty of Economics and Engineering Management – University Business Academy in Novi Sad

Abstract

The epicenter of this analysis is to provide an overview of the current situation in micro and macro agricultural fnance in Serbia and the EU. One of the goals of this research is to consider the weaknesses and potentials of agricultural policy in Serbia, through comparison with more developed countries. In this qualitative and quantitative analysis, authors used comparation method, analysis and synthesis method, inductive and deductive method, and a local and international literature review. There are several important conclusions which can be drawn from this manuscript. Access to fnance among farmers and agricultural SMEs is among the poorest of any sector in Serbia. The Serbian fnancial sector offers a poor range of loan products to the agricultural sector. Therefore, existing mechanisms for micro and macro agricultural fnance in Serbia are not adequate and a change should be made in approach.

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References

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10.Marković, K. (2007): Transformacija Zajedničke agrarne politike Evropske Unije i implikacije na poljoprivredu Srbije, doktorska disertacija, Ekonomski fakultet Subotica, Subotica.
11. Martini, R. (2011): Long Term Trends in Agricultural Policy Impacts, OECD Food, Agriculture and Fisheries Papers, No. 45, OECD Publishing, pp. 1-102, available on: www.oecd-ilibrary.org/docserver/download/5kgdp5zw179q.pdf?expires=1408612555&id=id&accname=guest&checksum=80034D2A25F3621EFA0EE45F863B3AFA
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13.Mondelli, M. P. (2012): The Determinants of External Private Equity Financing in Agricultural Production Businesses, 27th International Conference of Agricultural Economists, Proceedings, Foz do Iguaçu, Brazil, pp. 1-27, available on: http://ageconsearch.umn.edu/bitstream/127135/2/Mondelli_2012_Determinants%20External%20Equity%20Finance%20in%20Agriculture_IAAE_AgEconSearch.pdf
14.Morgan, W., Cotter, J., Dowd, K. (2011): Extreme Measures of Agricultural Financial Risk, Quantitative fnance, Vol. 4, pp. 1-39, available on: http://arxiv.org/ftp/arxiv/papers/1103/1103.5962.pdf
15.Nacionalna agencija za regionalni razvoj (2012): Uticaj fnansijske krize na poslovne performanse preduzeća po privrednim granama - komparativna analiza Srbije, Hrvatske i Slovenija, Beograd, available on: http://narr.gov.rs/index.php/content/download/1604/8664/fle/Uticaj%20fnansijske%20krize,%20web.pdf
16. O’Toole, C., Newman, C., Hennessy, T. (2014): Financing Constraints and Agricultural Investment: Effects of the Irish Financial Crisis, Journal of Agricultural Economics, vol. 65(1), pp. 152-176, available on:http://onlinelibrary.wiley.com/doi/10.1111/1477-9552.12027/pdf
17.Pejanović, R., Milanović, M., Cvijanović, D. (2006): Transition of agriculture in the Republic of Serbia, Ekonomika poljoprivrede, IAE Belgrade, vol. 53 (4), pp. 937-946.
18.Pietola, K., Myyra, S., Heikkila, A. (2011): The penetration of fnancial instability in agricultural credit and leveraging, Centre for European Policy Studies (Brussels, Belgium), Factor Markets (Project), No. 2, pp. 1-20, available on: http://ceps.be/book/penetration-fnancial-instability-agricultural-credit-and-leveraging
19.Popović, V., Katić, B. (2007): Nivo i struktura interne podrške poljoprivredi Srbije u procesu pristupanja STO i EU, monografja, IEP, Beograd.
20.Radović, G. (2009):Podrška države u funkciji fnansiranja poljoprivrede, Agroekonomika, vol. 38 (41-42), pp. 69-79.
21.Radović, G. (2011): Model tranzicije slovenačke poljoprivrede, Škola biznisa, vol. 8 (1), pp. 101-113.
Published
2014-09-30
How to Cite
VESELINOVIĆ, Branislav; DROBNJAKOVIĆ, Maja. QUALITATIVE AND QUANTITATIVE ANALYSIS OF MICRO AND MACRO ASPECTS OF AGRICULTURAL FINANCE. Economics of Agriculture, [S.l.], v. 61, n. 3, p. 771-787, sep. 2014. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/362>. Date accessed: 22 oct. 2020. doi: https://doi.org/10.5937/ekoPolj1403771V.