Crop Receipts as Alternative Financial Instruments

Kovačević, Vlado and Janković, Irena and Minović, Jelena (2022) Crop Receipts as Alternative Financial Instruments. Ekonomika poljoprivrede, 69 (3). pp. 849-861. ISSN 0352-3462

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Abstract

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.

Item Type:	Article
Additional Information:	COBISS.ID=76862985
Uncontrolled Keywords:	agricultural finance innovations, cédula de produto rural, crop receipts, preharvest financing
Research Department:	Welfare Economics
Depositing User:	Jelena Banovic
Date Deposited:	09 Nov 2022 22:33
Last Modified:	09 Nov 2022 22:33
URI:	http://35.240.28.64/id/eprint/1833
Author Links:	[error in script] No links available.

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