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Improving the creditworthiness and credit security of agricultural producers

Ulker Mammadova Shahin

ulker555@mail.ru

38122 ­ ­ AZ ­ ­ 38. November 2021 ­ ­­ ­ creditworthiness credit security agriculture digital technologies innovation information monitoring access to finance

 

UOT: 336.648, 338.434

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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Akram. Hasanzada

Ph.D. student of the Agricultural Research Center

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Akif. Aghbabali

Baku State University

   

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Kamala. Sadygova

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

  researcher  

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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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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Ceyran. Babirova

Ph.D. student Azerbaijan State University of Economics (UNEC)

   

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Sadi. Ismayilov

Assistant director of Beylagan RASIC

  Doctor of Philosophy in Economics  

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Фамиль. Рустамов

Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department

  Ph.D., docent  

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Jalal. Safarov

Ph.D. student of the Agricultural Research Center

   

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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Nneka. Osadolor

Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants