Crop receipts as alternative financial instruments
The aim of the paper is to provide insights into the lending against crop receipts mechanism. Crop receipts emerged as promising financial instruments creating an additional type of collateral for agricultural producers that pledge their future agricultural production in order to finance ongoing pro...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2022-01-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203849K.pdf |
| _version_ | 1811247341793968128 |
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| author | Kovačević Vlado Janković Irena Minović Jelena |
| author_facet | Kovačević Vlado Janković Irena Minović Jelena |
| author_sort | Kovačević Vlado |
| collection | DOAJ |
| description | The aim of the paper is to provide insights into the lending against crop receipts mechanism. Crop receipts emerged as promising financial instruments creating an additional type of collateral for agricultural producers that pledge their future agricultural production in order to finance ongoing production activities. At the same time, they offer an alternative investment opportunity to banks through the creation of a new asset class. European Bank for Reconstruction and Development supported Serbia in establishing a crop receipt system with the aim to serve as a pilot project for Europe. This is the first analysis of the crop receipts system in Serbia. The methodology applied consists of interviews with bank representatives, extensive literature research, descriptive statistics and comparative analyses. Results are indicating that the main shortcomings in the crop receipts system include the lack of specialised shareholders' knowledge, the absence of subsidization of interest rates on loans against crop receipts followed by the lack of appropriate Central bank policy, standardization and securitization. |
| first_indexed | 2024-04-12T15:07:11Z |
| format | Article |
| id | doaj.art-ff90be1dffe6406b954df83c6935bc2a |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-04-12T15:07:11Z |
| publishDate | 2022-01-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-ff90be1dffe6406b954df83c6935bc2a2022-12-22T03:27:53ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532022-01-0169384986110.5937/ekoPolj2203849K0352-34622203849KCrop receipts as alternative financial instrumentsKovačević Vlado0https://orcid.org/0000-0002-2902-6496Janković Irena1https://orcid.org/0000-0003-1115-4702Minović Jelena2https://orcid.org/0000-0001-6254-4888Institute of Agricultural Economics, Belgrade, SerbiaUniversity of Belgrade. Faculty of Economics, Belgrade, SerbiaInstitute of Economic Sciences, Belgrade, SerbiaThe aim of the paper is to provide insights into the lending against crop receipts mechanism. Crop receipts emerged as promising financial instruments creating an additional type of collateral for agricultural producers that pledge their future agricultural production in order to finance ongoing production activities. At the same time, they offer an alternative investment opportunity to banks through the creation of a new asset class. European Bank for Reconstruction and Development supported Serbia in establishing a crop receipt system with the aim to serve as a pilot project for Europe. This is the first analysis of the crop receipts system in Serbia. The methodology applied consists of interviews with bank representatives, extensive literature research, descriptive statistics and comparative analyses. Results are indicating that the main shortcomings in the crop receipts system include the lack of specialised shareholders' knowledge, the absence of subsidization of interest rates on loans against crop receipts followed by the lack of appropriate Central bank policy, standardization and securitization.https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203849K.pdfagricultural finance innovationscédula de produto ruralcrop receiptspreharvest financing |
| spellingShingle | Kovačević Vlado Janković Irena Minović Jelena Crop receipts as alternative financial instruments Ekonomika Poljoprivrede (1979) agricultural finance innovations cédula de produto rural crop receipts preharvest financing |
| title | Crop receipts as alternative financial instruments |
| title_full | Crop receipts as alternative financial instruments |
| title_fullStr | Crop receipts as alternative financial instruments |
| title_full_unstemmed | Crop receipts as alternative financial instruments |
| title_short | Crop receipts as alternative financial instruments |
| title_sort | crop receipts as alternative financial instruments |
| topic | agricultural finance innovations cédula de produto rural crop receipts preharvest financing |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203849K.pdf |
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