IMPORTANCE OF BANKING CREDIT AS A FINANCIAL LEVERAGE IN AGRICULTURAL DEVELOPMENT

Alina Hagiu, Tanascovici Marinela

Abstract


Previously considered the granary of Europe, agriculture currently occupies 6% of the gross domestic product of our country. Since we do not use the maximum soil resources and labor force, imports increase from year to year alarmingly. To stop this effect the notion of credit for agriculture was introduced. They are granted to farmers to support the development of Romanian agriculture. More banks have signed or renewed lately the agreements with the Ministry of Agriculture, Agricultural Payments Agency (APIA) and Rural Credit Guarantee Fund. Based on these conventions credits are granted for working capital of agricultural companies. 


Keywords


agricultural development; credits for agriculture; farmers; European Agricultural Policy

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References


Ernst & Young “Making the right moves†Global banking outlook 2012 – 2013

Ernst & Young “Time for bold action†Global banking outlook 2013 – 2014

McKinsey&Company “Day of reckoning for European retail bankingâ€, July 2012

Putnam Investments “From crisis to financial reform: The outlook for U.S. and European banksâ€, October 2012

The Economist “Filling the bank-shaped holeâ€, December 15, 2012

The Economist “Embracing the alternativesâ€, December 15, 2012

http://www.romanialibera.ro/actualitate/eveniment/isarescu-bancile-vor-finanta-si-agricultura-120103.html

http://agro-stiri.info/importanta-acordarii-de-credite-pentru-agricultura/

http://www.bnro.ro/Publicatii-periodice-204.aspx


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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

E-mail: tabitaadamov2003 [at] yahoo.com
Phone: +40-256-277439, Fax.: +40-256-277031