Sirenko Natalia, Dr. of Economics, Professor, Head of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0003-1660-1073
e-mail: sirenko@mnau.edu.ua

Mikuliak Kateryna, Assistant of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0001-8317-0360
e-mail: mikulyak@mnau.edu.ua

Oleynichenko Kristina, a student of the Accounting and Finance Faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-1506-3624
e-mail: cristina.tina1818@gmail.com

The State and Tendencies of Development of Agrarian Receipts in the Ukrainian Agrarian Sector

Abstract. Introduction. The urgency of finding alternative instruments of financial support for agricultural enterprises is growing and the problem can be solved only with the maximum consideration of the specifics of agroindustrial production as a subject of lending. Due to the lack of liquid collateral, the lack of proper government support for economic entities, it is optimal to use agrarian receipts as a modern lending tool.

Purpose. The purpose of the research is to reveal the essence and emergence of agrarian receipts as a tool for crediting the sustainable development of agricultural producers, as well as to identify possible trends in the future.

Results. This article describes the essence and conditions of agrarian receipts in the agrarian sector of the Ukrainian economy. It has been established that agrarian receipts are a convenient and simple tool that help to involve agricultural producers in cooperation with various stakeholders. The interpretation of commodity and financial agrarian receipts in accordance with the amended legislative acts is given. The stages of preparation of agrarian receipts, as well as the advantages of processing agrarian receipts, are summarized. The state of financing and making agrarian receipts in Ukraine since the beginning of the instrument has been analyzed. The volume of financing of agricultural sector entities by means of agricultural receipts for 2020 has been estimated and financial resources have been increased in the long term, which is related to the improvement of the legislation on agricultural receipts, in terms of simplifying them and reducing the order of issuance, circulation and suspension.

Conclusions. Therefore, agrarian receipts can become a major financial instrument for the economic growth of the agricultural sector and give an impetus for the development of agricultural producers through additional sources of financing, as evidenced by the results of research. Improving legislation to simplify and reduce the cost of issuing, circulating and terminating an agricultural receipt will increase the ease of use, as well as improve agricultural producers access to finance and production resources. In order to further promote this tool, it is necessary to continue training among agricultural producers, thereby raising their awareness, attracting new potential creditors from among international companies, which will help strengthen the competitive position of the agricultural sector in the market environment.

Keywords: agricultural receipt; agricultural enterprises; commodity agricultural receipt; financial agricultural receipt; agricultural producers; farmers.

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