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Improving the creditworthiness and credit security of agricultural producers

Ulker Mammadova Shahin

ulker555@mail.ru

16257 ­ ­ 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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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Firdovsi. Fikratzade

Director of the Agricultural Economics Research Center, Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Abdulrahim. Dadashov

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

   

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Vugar. Mehdiyev

h.D., Associate Professor, V.M. Mehdiyev Azerbaijan University of Cooperation

  Ph.D., docent  

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics  

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic

   

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Galib. Hajiyev

Department of “Economy of enterprise” of Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics