Investment Crediting of Agricultural-Industrial Complex: Theory and Practice

The generalization of the theoretical positions regarding investment crediting of the agricultural-industrial complex has been given in the scientific work. The purpose of the article is to present the results of research on the generalization of theoretical and methodological foundations and peculiarities of investment crediting of the agriculturalindustrial complex development in the conditions of modern social and economic transformations. The role of credit as an investment source in the agricultural-industrial complex has been shown. It has been noted that the expediency and necessity of investment lending to the agricultural-industrial complex is conditioned by technological and economic peculiarities of agricultural-industrial production. The content and tasks of the mechanism of investment crediting of agricultural-industrial complex have been revealed. The features of agricultural-industrial production, which significantly affect the processes of providing and servicing investment loans, have been presented. It has been substantiated that a promising source of investments in the agricultural-industrial complex is a loan. It has been proved that in order to support the food security of the state, within the framework of the implementation of the state economic policy, additional measures should be taken to minimize the risks of investment lending to the agricultural-industrial complex. The list of specific lending instruments used to increase investment in the agricultural-industrial complex has been given. It has been proved that solving the problem of stimulation of investment activity of agricultural-industrial enterprises on the basis of attraction and use of credit resources needs to be solved, based on the needs of both agricultural-industrial enterprises and the banking system (institutions can only provide loans under certain conditions). It has been noted that in the agricultural-industrial complex investment loans can be directed to replenish both the main and working capital, the term of lending may be less than a calendar year. The results of generalizations on organization of work with agriculturalindustrial enterprises, which are borrowers of investment loans have been given. It has been concluded that the promising method of lending to the agricultural-industrial complex is project lending (project method). It has been noted that the development of investment lending to the agricultural-industrial complex is expedient to implement on the basis of experience of developed countries (this, in particular, will allow in the future to gain access to financial resources accumulated in international markets). It has been substantiated that it is advisable to take measures aimed at organizing the training of specialists in lending to agricultural-industrial enterprises in higher educational institutions. Such work should be carried out jointly by educational institutions and banking institutions. In the future, research on the methodology for forecasting the dynamics of investment lending to the agricultural-industrial complex, taking into account the state of global food markets and changes in the macroeconomic situation, should be carried out.