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Prospects of the agricultural mortgage in Ukraine
An important direction of the reproduction process of logistics enterprises is to improve the investment activity through the development of investment and mortgage lending.
According to studies, in the world there are two classical models of land- mortgage lending: one-tier and two-tier. The main difference between the models discussed land mortgage is in the characteristics of resource framework and appropriate mechanisms to attract long-term financing.
In domestic practice the land capital actually involved in economic turnover. In fact, uncontrolled land uses entrepreneurial tenants, and the establishment and effective operation of the State Land Bank associated with a number of problems that require immediate solution. Thus, it is necessary to make amendments to a number of laws and regulations, in particular the Law of Ukraine «On Banks and Banking Activity», «On Pledge», «On the National Bank», «On Joint Stock Companies», «On Mortgage». Draft Law of Ukraine «On Land Market» allows you to launch the work of a new state bank, but especially his activities in the market of agricultural land should be defined with additional bills.
How to convince foreign practice model of land-mortgage allows agricultural producers: 1) get a long-term loan secured by land agricultural appointment for 5 years with deferred payment of the 24 months at 14% per annum; 2) according to the regional investment program receive compensation for fiscal interest 2/3 of the refinancing rate established by the NBU; 3) acquire land, agricultural machinery, motor vehicles and other equipment with no down payment and provide technological upgrading; 4) form a system of the cooperation between state and local government and agricultural producers within development programs of the rural areas.
At the initial stage of the institute land mortgage loans formation may have risks faced by the monetary system, involved in the mechanism of mortgage loans relating to such software as agricultural land.
The first group of the risks related to the lack of agricultural land market as real estate. The second group of the risks associated with a lack of state support land mortgage. The third group of the risks associated with the fact that insurance companies and estimates that are selected to participate in regional land and mortgage projects do not play an active role as market actors, but rather are authorized intermediaries in providing mortgage loans secured by farmland and maintain. The fourth group of the risks associated with the lack of the regional public land. The fifth group of the risk associated with that implement the land, which will be levied in case of loan default mortgagor may exercise only after the harvest.
Along with the State Land Bank is one of the creditors secured by farmland should form the mortgage funds for the local governments. In order to stimulate investment and guarantee any kind of debt to create fundamentally new financial institution - Mortgage Fund, objects which can be land, forests, mineral deposits, fixed assets, buildings, securities, etc. It is proposed to use land bills and bonds.
Key words: land, agricultural producers, mortgage lending, financial resources.
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