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Improving the creditworthiness and credit security of agricultural producers

Ulker Mammadova Shahin

ulker555@mail.ru

26046 ­ ­ AZ ­ ­ 38. November 2021 ­ ­­ ­ creditworthiness credit security agriculture digital technologies innovation information monitoring access to finance

Abstract

The article examines the opportunities to increase the level of credit security of agricultural producers in the context of facilitating access to finance. In this area, the important role of producer creditworthiness in facilitating access to finance was highlighted. Approaches to assessing this ability were commented, the current level was assessed and ways to improve it were studied. The importance of promoting the activity of small and medium-sized agricultural producers in the credit market, protection of export-oriented and innovative agricultural activities, accelerating the process of improving the organizational and legal support for the development of innovative and unsecured loans was highlighted. In order to increase the interest of banks in the agricultural sector, opportunities to optimize the role of the state in the regulation of the credit market, the promotion of agricultural cooperation were explored. Proposals were made on the use of digital technologies in the field to improve the provision of credit to agricultural producers, to improve the monitoring of lending, to improve marketing activities.

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AUTHORS

 

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Ramiz. Isgandarov

Department of "Economics and Statistics" of Azerbaijan Technical University

  prof, dr  

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Andriy. Popovych

Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland

  Ph.D.  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center

   

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Huseynaga. Asadov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

  Ph.D., ass, pr  

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Islam. Ibrahimov

Baku Business University

  prof, dr  

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic