Pre-Harvest Financing in Agriculture

Kovačević, Vlado and Vasiljević, Zorica and Zakić, Vladimir (2018) Pre-Harvest Financing in Agriculture. Agroekonomika: časopis Instituta za ekonomiku poljoprivrede i sociologiju sela, 47 (80). pp. 23-31. ISSN 0350-5928

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Abstract

This paper's goal is to determine the significance of pre-harvest financing system for agricultural sector. The system of pre-harvest financing was introduced successfully for the first time in Brazil in 1994. Preharvest financing was implemented as a pilot project for Serbia and Ukraine, with great support of the European Bank for Reconstruction and Development (EBRD). A comparative analysis of Brazilian, Serbian and Ukrainian system of pre-harvest financing was carried out in this paper. Its results show that the system of pre-harvest financing is of great significance for the agricultural production financing. The analysis shows that a basic difference among these three systems was in issuing a contract for pre-harvest financing. Therefore, the Brazilian contract has a specific standardization level and ensures the secondary trading with these contracts.

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