MANAGEMENT OF FINANCIAL AND CREDIT RESOURCES IN ENSURING THE DEVELOPMENT OF AGRICULTURAL ENTERPRISES

Abstract

The article examines the features of financial and credit support for domestic agricultural enterprises. The provision of credit funds by repayment terms is analyzed. The problem of lack of funds, which is becoming critical for Ukrainian farmers, is emphasized. According to statistics, with the outbreak of hostilities, approximately a quarter of agricultural producers have completely lost access to credit financing, and another fifth report significant difficulties in obtaining the necessary resources.  Analyzing the activities of the banking sector, it is worth emphasizing that state and commercial banking institutions continued to provide credit to agricultural enterprises actively during the war. The main goal of this activity is to provide farmers with the opportunity to maintain their current work and restore and modernize their production facilities, adapting them to new challenges. In the first year of the war, the agricultural sector's lending volume increased by 44%. The growth of short-term loans was especially noticeable, at 74%. Today, farmers are forced to work in challenging conditions. Lending to agricultural enterprises during hostilities is significantly different from usual practices since the armed conflict significantly affected the country's economic stability and financial capabilities. Among the features of lending in such conditions, one can note limited access to financing. Banks and other financial institutions are becoming more cautious about granting loans due to the increased risk of non-repayment. Stricter requirements, such as higher interest rates or the need for additional forms of collateral, may accompany this. The peculiarities of technological processes in agricultural production and the dependence offinancial and operational cycles of agricultural enterprises on external factors require the improvement of lending mechanisms. In addition, a single register of agricultural receipts tied to specific individuals and land plots provides additional transparency and reliability of such financial instruments.