MORTGAGE LENDING IN THE AGRICULTURAL ECONOMY: OPPORTUNITIES AND RISKS

The development of the agrosphere is possible through the development of all areas of the mortgage (mortgages of agricultural land). However, the efficiency of mortgage lending in agriculture is low. A powerful source of attraction of funds to agricultural production is bank mortgage lending. A prerequisite for its effective development, besides accessibility and transparency for borrowers, is the development of effective instruments for risk management of creditors in the pledging of agricultural land. The problem of mortgage lending in the agrarian sphere in scientific literature and in banking practice has received considerable attention in the studies of I. Baranovsky, Y. Grudzev, M. Demyanenko, M. Styphen, S. Fisher, and others. Risks to mortgage relations in the agrarian sector of the economy are insufficiently explored. The purpose of the study is to substantiate the basic principles of mortgage in agriculture, the development of theoretical provisions and practical recommendations for mechanisms for the implementation of mortgage schemes for lending to agricultural producers. Covered land-mortgage lending on the example of foreign countries. The main risks faced by the credit and financial system with land-mortgage lending are considered. The main components of the organizational and economic mechanism of land mortgage in agriculture are described. The stages of development of mortgage lending in the agrarian sector and schemes of mortgage operations on the basis of mortgage of agricultural land are offered. After the completion of the land reform, the land mortgage in agriculture will be an important tool for ensuring the growth of the efficiency of agricultural production. It is worth giving more rights to individual commercial banks to conduct mortgage transactions, taking into account the competence of existing institutions.