Crop receipts as alternative financial instruments

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...

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Published in:Ekonomika poljoprivrede (1979) 2022, Vol.69 (3), p.849-861
Main Authors: Kovačević, Vlado, Janković, Irena, Minović, Jelena
Format: Article
Language:eng
Subjects:
agricultural finance innovations
crop receipts
cédula de produto rural
preharvest financing
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title Crop receipts as alternative financial instruments
format Article
creator Kovačević, Vlado
Janković, Irena
Minović, Jelena
subjects agricultural finance innovations
crop receipts
cédula de produto rural
preharvest financing
ispartof Ekonomika poljoprivrede (1979), 2022, Vol.69 (3), p.849-861
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.
language eng
source EBSCOhost Business Source Ultimate; ABI/INFORM Global
identifier ISSN: 0352-3462
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issn 0352-3462
2334-8453
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