SIGNIFICANCE OF FINACIAL LITERACY FOR THE AGRICULTURAL HOLDINGS IN SERBIA
DOI:
https://doi.org/10.5937/ekoPolj1704687ZKeywords:
fnancial knowledge, extension service, fnance models, agriculture.Abstract
The aim of this paper is to analyse the level and the signifcance of farmers financial knowledge or literacy, as well to propose measures for the improvement of financial skills in agricultural holdings. According to the papers results, the level of farmers fnancial knowledge is low; at the state level there hasnt been established satisfying fnancial education of farmers. It is necessary to establish continuous education programs in this feld through agricultural extension services; at the state level, it is important to improve the coordination between different state bodies that conduct an educational program in agricultural sector, as well as the science research results and to make an educational material available to farmers. When considering the signifcance of fnancial literacy, it is usually analyzed from the perspective of adult people. However, recent studies indicate the importance of increasing fnancial literacy already at the level of youth or children. This theoretical concept is currently being accepted in the activities of the Government of the Republic of Serbia. In this regard, the Ministry of Economy has decided to introduce entrepreneurship to primary school through numerous projects.
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References
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19. Zakić, V., Vasiljević, Z. (2013). Uspostavljanje tržišta robnih derivata u funkciji unapređenja poslovanja agrosektora u Srbiji, Društvo ekonomista Beograda, Ekonomski vidici, 18(1), pp. 49-61, Belgrade.
20. Zakić, V., Zakić, Z., Mirović, V. (2014). Udruženo porodično gazdinstvo u agro-ruralnoj privredi Srbije kao generator zapošljavanja, Ekonomski vidici - Tematski broj "Zapošljavanje i privredni razvoj Srbije", godina XIX, br. 2-3, Društvo ekonomista Beograd, pp. 185-198, Belgrade.
21. Zakić, Z. (2013). Zadrugarstvo i ruralni razvoj: povezane teme u procesu evrointegracija Srbije, Tematski zbornik "Stanje i perspektiva zadrugarstva", broj.3, DAES, pp. 27-52, Belgrade.
22. Živanović, Lj., Kovačević, V., Subić, J., Jeločnik, M., Zubović, J. (2016). Economic cost - effectiveness of different nitrogen rates application in the production of corn hybrids of different FAO maturity groups on brown forest soil (Euteric Cambiosol), Journal Custos e Agronegócio, vol. 12, no. 4 (OctoberDecember), pp. 279-294, Brazil.
2. Andžić, S., Rajković, M., Ćosić, M. (2016): Nefnansijski aspekti poslovanja kao faktori razvoja preduzetništva, Oditor, Vol. 2, No. 2, pp. 7-17.
3. Boekhold, H. (2016). Financial Literacy to Facilitate Access to Finance in Eastern Africa - Final Report, Café Africa http://www.globalcoffeeplatform.org /assets/fles/Financial-Literacy-training-tools-and-materials-for-Africancoffee-farmers.pdf (Available: May 1st 2017).
4. Fabris, N., Luburić, R. (2017). Finansijsko obrazovanje dece i omladine, ISBN 978-86-7956-106-0, Heraedu, Belgrade.
5. Huston, S. (2010). Measuring Financial Literacy, The Journal of Consumer Affairs, Vol. 44, No. 2, pp. 296-316, USA.
6. Nikolić, M., Popović, A. (2016). Specifcs of Marketing in Overcoming Discrepancies on the Market of Agricultural Products, Marketing, Volume 47; Issue 1, pp. 21-28, Belgrade.
7. OECD (2005): Improving fnancial literacy, ISBN 9789264012561, OECD, Paris.
8. Paraušić, V., Cvijanović, D. (2006). Kreditiranje poljoprivrednih proizvođača u Srbiji u periodu 2004-2006. godina - potrebe i mogućnosti. Economics of Agriculture, Vol. 53, No 1, Institute of Agricultural Economics, pp. 49-61, Belgrade.
9. Popović, V., Paraušić, V. (2016). Unapređenje trgovanja u poljoprivredno prehrambenom sektoru Srbije, ISBN 978-86-6269-053-1, Unapređenje fnansijskih znanja i evidencije na poljoprivrednim gazdinstvima u Republici Srbiji - monografja, Institute of Agricultural Economics, pp. 23-54, Belgrade.
10. Serbias Law on Cooperatives, Offcial Gazette RS, No. 112/15. (Zakon o zadrugama, Službeni glasnik br. 112/15).
11. Serbias Law on Financing and Provision of Financing of Agricultural Production, Offcial Gazette RS, No. 128/14. (Zakon o fnansiranju i obezbeđenju fnansiranja poljoprivredne proizvodnje, Službeni glasnik br. 128/14).
12. Ševarlić, M., Nikolić, M. (2012). Standpoints of the directors of co-operatives and members about agricultural co-operative sector in Serbia, Monograph, SAAE, Ministry of agriculture, trade, forestry and water management of the Republic of Serbia, pp. 1-64, Belgrade.
13. Subić, J., Kuzman, B. (2016). Uputstvo i model za izradu biznis plana na poljoprivrednim gazdinstvima, ISBN 978-86-6269-053-1, Unapređenje fnansijskih znanja i evidencije na poljoprivrednim gazdinstvima u Republici Srbiji - monografja, Institute of Agricultural Economics, pp. 95-128, Belgrade.
14. UNICEF (2013). Child Social and Financial Education, https://www.unicef.org/publications/fles/CSFE_module_low_res_FINAL.pdf (Available: May1st 2017).
15. Van den Ban, A.W., Hawkins, H.S. (1996). Agricultural Extension, ISBN 063204053X, Blackwell Science, UK.
16. Vasiljević, Z., Zakić, V. (2006). Finansiranje agroprivrede Srbije u uslovima tranzicije, Društvo ekonomista Beograda, Ekonomski vidici, XI, broj 2, pp. 341-353, Belgrade.
17. Zakić, V., Kljajić, N. (2016). Analiza stanja fnansijske pismenosti poljoprivrednih proizvođača i modeli fnansiranja poljoprivredne proizvodnje u Republici Srbiji, ISBN 978-86-6269-053-1, Unapređenje fnansijskih znanja i evidencije na poljoprivrednim gazdinstvima u Republici Srbiji - monografja, Institute of Agricultural Economics, pp. 3-22, Belgrade.
18. Zakić, V., Kovačević, V., Ivkov, I., Mirović, V. (2014). Importance of public warehouse system for fnancing agribusiness sector, Economics of Agriculture, No 4. Vol. 61, Institute of Agricultural Economics, pp. 929-943, Belgrade.
19. Zakić, V., Vasiljević, Z. (2013). Uspostavljanje tržišta robnih derivata u funkciji unapređenja poslovanja agrosektora u Srbiji, Društvo ekonomista Beograda, Ekonomski vidici, 18(1), pp. 49-61, Belgrade.
20. Zakić, V., Zakić, Z., Mirović, V. (2014). Udruženo porodično gazdinstvo u agro-ruralnoj privredi Srbije kao generator zapošljavanja, Ekonomski vidici - Tematski broj "Zapošljavanje i privredni razvoj Srbije", godina XIX, br. 2-3, Društvo ekonomista Beograd, pp. 185-198, Belgrade.
21. Zakić, Z. (2013). Zadrugarstvo i ruralni razvoj: povezane teme u procesu evrointegracija Srbije, Tematski zbornik "Stanje i perspektiva zadrugarstva", broj.3, DAES, pp. 27-52, Belgrade.
22. Živanović, Lj., Kovačević, V., Subić, J., Jeločnik, M., Zubović, J. (2016). Economic cost - effectiveness of different nitrogen rates application in the production of corn hybrids of different FAO maturity groups on brown forest soil (Euteric Cambiosol), Journal Custos e Agronegócio, vol. 12, no. 4 (OctoberDecember), pp. 279-294, Brazil.
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Published
2017-12-20
How to Cite
Zakić, V., Kovačević, V., & Damnjanović, J. (2017). SIGNIFICANCE OF FINACIAL LITERACY FOR THE AGRICULTURAL HOLDINGS IN SERBIA. Economics of Agriculture, 64(4), 1687–1702. https://doi.org/10.5937/ekoPolj1704687Z
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