# 102 552-557 View full article

УДК 336.77:631

DOI: https://doi.org/10.36887/2415-8453-2026-2-102

Semen Kravchenko,
Post-graduate Student of Management Department,
Sumy National Agrarian University,
https://orcid.org/0009-0002-5591-2325

JEL classification: Q14, G21, G28, C51

The article examines the theoretical and practical principles governing the functioning of the credit security system for enterprises in Ukraine’s agricultural sector during the post-crisis development of the financial market. The specific features of agricultural production (seasonality, cycle duration, dependence on natural and climatic conditions) that reduce its investment attractiveness for banks are identified. The role of the state in shaping an appropriate institutional environment through mechanisms such as direct financing, partial compensation of interest rates, and state guarantees is substantiated. Using regression and correlation analyses, the quantitative impact of the cost of credit resources and the volume of state support on the scale of loan capital attraction is assessed. Economic and mathematical models were developed that confirmed the high efficiency and multiplicative effect of credit discount programs (each additional hryvnia of budget funds attracts an average of 10.2 UAH in preferential loans). A close relationship was observed among lending volumes, financial results, fixed-asset investments, and production dynamics. Key destructive factors of the lending system were identified, including information asymmetry between banks and borrowers, high cost of resources, and instability of financing of support programs. A set of risk minimization tools was proposed, in particular an organizational and functional scheme for creating a Credit Guarantee Fund in the system of the Ministry of Agrarian Policy and Food of Ukraine, which will allow reducing rates by 3–4 percentage points and attracting an additional 830–1100 million UAH. The need to develop a specialized digital information and analytical system to monitor risks and facilitate credit cooperation in rural areas was substantiated.

Keywords: agricultural enterprises, credit provision, state support, interest rate compensation, regression model, credit multiplier, Credit Guarantee Fund, information asymmetry.

Rеferences

  1. Heiets, V. M., & Tochylin, V. O. (1999). Vplyv kryzy na osnovni sektory ekonomiky ta zovnishniu torhivliu Ukrainy: naukovo-analitychne doslidzhennia [The impact of the crisis on the main sectors of the economy and foreign trade of Ukraine: A scientific and analytical study]. NAS of Ukraine, Institute for Economic Forecasting.
  2. Dolishnii, M. I. (2006). Rehionalna polityka na rubezhi XX–XXI stolit: novi priorytety [Regional policy at the turn of the XX-XXI centuries: New priorities]. Naukova Dumka.
  3. Chukhno, A. A. (2008). Instytutsionalizm: teoriia, metodolohiia, znachennia [Institutionalism: Theory, methodology, significance]. Ekonomika Ukrainy [Economy of Ukraine], (7), 4–12.
  4. Bezchasnyi, L. K. (2002). Innovatsiina skladova ekonomichnoho rozvytku [Innovative component of economic development]. Institute of Economics of the NAS of Ukraine.
  5. Demyanenko, M. Ya., Sabluk, P. T., & Skupyi, V. M. (2011). Derzhavna polityka finansovoi pidtrymky rozvytku ahrarnoho sektoru APK [State policy of financial support for the development of the agricultural sector of the AIC]. NSC IAE.
  6. Demyanenko, M. Ya. (2004). Problemy finansovo-kredytnoho zabezpechennia ahrarnoho sektora APK [Problems of financial and credit support of the agricultural sector of the AIC]. NSC IAE.
  7. Nelep, V. M. (2004). Planuvannia na ahrarnomu pidpryiemstvi [Planning at an agricultural enterprise] (2nd ed.). KNEU.
  8. Paskhaver, B. Y., & Vedenichev, P. F. (2001). Ahrarnyi resursnyi potentsyal Ukrayny [Agricultural resource potential of Ukraine]. Naukova Dumka.
  9. Stepaniuk, O. I., Demchyshyn, M. Ya., & Turcheniak, O. V. (2014). Kredytuvannia silskoho hospodarstva Ukrainy: analiz dynamiky [Agricultural lending of Ukraine: Analysis of dynamics]. Naukovyi Visnyk LNUVMB [Scientific Messenger of LNUVMB], 16(3), 155–159.
  10. Kalashnikova, T. V. (2011). Derzhavna pidtrymka fermerskykh hospodarstv v Ukraini [State support for farms in Ukraine]. Ekonomika APK [The Economy of AIC], (4), 115–121.
  11. Belochenko, A. M. (2023). Kredytuvannia ahrarnoho sektoru Ukrainy v umovakh viiny [Lending to the agricultural sector of Ukraine in war conditions]. Ekonomika ta Suspilstvo [Economy and Society], (48). https://doi.org/10.32782/2524-0072/2023-48-3
  12. Lupenko, Yu. O. (2019). Bankivske kredytuvannia ahrarnoho sektora ekonomiky [Banking lending to the agricultural sector of the economy]. Ekonomichnyi Visnyk NTUU “KPI” [Economic Bulletin of NTUU “KPI”], (16), 196–207.
  13. International Finance Corporation. (2024). Ukraine agriculture credit needs analysis. https://infobox.prozorro.org/upload/files/main/2190/647/5-ifc-era-pitch-book-for-businesses-may-june-2024pptx.pdf
  14. National Bank of Ukraine. (2024). Zvit pro kredytuvannia silskoho hospodarstva [Report on agricultural lending]. https://bank.gov.ua/ua/news/all/richniy-zvit-natsionalnogo-banku-ukrayini-za-2024-rik

The article was received 31.05.2026

Quote article, APA style

Semen K. 31.05.2026. Institutional mechanisms and modeling of the credit security system for enterprises in the agricultural sector of ukraine. Ukrainian Journal of Applied Economics and Technology. 2026. №2. 552-557 pp. https://doi.org/10.36887/2415-8453-2026-2-102

Quote article, MLA style

Semen K. Institutional mechanisms and modeling of the credit security system for enterprises in the agricultural sector of ukraine. Ukrainian Journal of Applied Economics and Technology. 31.05.2026. https://doi.org/10.36887/2415-8453-2026-2-102