Lending system for agricultural enterprises: Prospects for development and transformation

Abstract

The article examines the current situation of using lending, leasing and factoring instruments for agricultural producers in modern Russia. The authors note that the current lending and leasing system requires transformation to take into account the conditions for the activities of agricultural enterprises, taking into account seasonality and the delayed effect of obtaining results. A transformation system for leasing is also proposed to make the instrument more flexible through the introduction of commercial instruments and the abandonment of exclusively government regulation of the activity in question. The authors note the effectiveness of the transformation of the proposed methods of lending, leasing and factoring by increasing demand and reducing the risk of repayment for both enterprises and participants in the banking sector.