THE IMPORTANCE OF BANK CREDITS FOR AGRICULTURAL FINANCING IN SERBIA
DOI:
https://doi.org/10.5937/ekoPolj1801065PKeywords:
bank credits, subsidized loans, financing the agriculture, subsidiesAbstract
Agricultural loans present unutilized bank credit market segment in Serbia. This is not only missed profit opportunity for banks, but also serious deficiency that slows down the development of agriculture and rural areas. Paper uses FADN, NBS and bank balance sheet data in order to analyse supply and demand side of this credit market segment, with the aim to better understand the conditions for its development. Paper recommends better education of producers and lenders. Banks should better understand the requirements of agricultural producers and risks of the production to be able to create tailored credits. Insurance has very important role in specific risk hedging and can facilitate agricultural loans. There is also a need to adjust the conditions for obtaining subsidized loans, while the land size is considered as a key prerequisite for obtaining loans in the situation of large fragmentation of properties.
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References
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4. Manić E., Popović S., Molnar D. (2012). Regional Disparities and Regional Development: The Case of Serbia. Mittelungen der Osterreichishen Geographischen Gesellschaft, Band 154, pp.191 – 210. Wien.
5. Manić, E., Popović, S., Stojanović, Ž. (2017). Rural Space Development in PostTransition Countries: The Case of Serbia. New Developments in the Rural Space of Central and South-East Europe, Proceedings of the meeting of the Working Group on Central Europe in conjunction with the German Congress of Geography, Berlin, September 30, 2015, Institut fuer Stadt-und Regionalforschung, Verlag der Oesterreichischen Akademie der Wissenschaften, Wien, pp.11-29.
6. Ministarstvo poljoprivrede, šumarstva i vodoprivrede (2015). 175 miliona evra iz IPARD programa. Available at: http://www.minpolj.gov.rs/175-miliona-evra-izipard-programa/ (24.12.2017).
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8. Ministarstvo poljoprivrede, šumarstva i vodoprivrede (2017). Budžet za 2017. godinu veći za 3,2 milijarde dinara. Available at: http://www.minpolj.gov.rs/budzetza-2017-godinu-veci-za-32-milijarde-dinara/ (23.12.2017).
9. NBS (2017). Bankarski sektor u Srbiji, Izveštaj za IV tromesečje 2016. godine, Sektor za kontrolu poslovanja banaka, jun Available at: http://www.nbs.rs/internet/latinica/55/55_4/kvartalni_izvestaj_IV_16.pdf (16.12.2017).
10. NBS Statistics, Available at: www.nbs.rs.
11. Sedlar, O., Jovin, S., Pejanović, R., Ćirić, Z., Eremić-Đođić, J. (2016). Access to Finance to Micro, Small and Medium Business Units in Serbian Agribusiness. Economics of Agriculture (63) 4, pp. 1219-1235, Belgrade, Available at: http://www.bsaae.bg.ac.rs/images/Ekonomika%20kompletna/2016/EP%204%202016.pdf (20.12.2017).
12. Statistical Offce of the Republic of Serbia, Available at: http://www.stat.gov.rs/WebSite/public/ReportView.aspx (12.12.2017).
13. Subvencije u poljoprivredi (2017). Subvencionisani krediti Ministarstva poljoprivrede u saradnji sa komercijalnim bankama. Available at: http://subvencije.rs/krediti/subvencionisani-krediti-ministarstva-poljoprivrede/subvencionisanikrediti-ministarstva-poljoprivredesumarstva-vodoprivrede/ (22.12.2017).
14. USAID Enabling Project (2013). Agricultural Finance in Serbia- Status and Recommendations, Available at: http://www.bep.rs/baza_znanja/documents/commodity-exchange/Agricultural%20Finance%20in%20Serbia.pdf (11.12.2017).
15. Vučković, B. Veselinović, B. Drobnjaković, M. (2017). Financing of Permanent Wordking Capital in Agriculture. Economics of Agriculture 3/2017, pp. 1065-1080, Belgrade. Available at: http://www.bsaae.bg.ac.rs/images/Ekonomika%20kompletna/2017/EP%203%202017%20lq.pdf (18.12.2017).
16. Web sites of banks.
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Published
2018-01-20
How to Cite
Popović, S., Janković, I., & Žaklina, S. (2018). THE IMPORTANCE OF BANK CREDITS FOR AGRICULTURAL FINANCING IN SERBIA. Ekonomika Poljoprivrede, 65(1), 65–80. https://doi.org/10.5937/ekoPolj1801065P
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Original scientific papers
