THE STATE AND DEVELOPMENT PROBLEMS OF AGRICULTURAL CREDIT CONSUMER COOPERATION IN RUSSIA
In the Russian financial services market, the activities of a significant part of institutions of financial intermediaries do not always meet the interests of representatives of the agricultural sector. The advantages of agricultural credit consumer cooperatives over commercial banks are in the non-commercial nature of their business: they are not aimed at maximizing profits, but at providing services to their shareholders on a mutually beneficial basis. However, the development of lending to agricultural producers at the present time is mainly reduced to the activities of leaders of the banking system - JSC “Rosselkhozbank” and PJSC “Sberbank of Russia”. Thus, the purpose of the study is to analyze the state of agricultural credit consumer cooperatives in retrospect years and at the present stage, to identify key provisions aimed at maximizing the use of its potential in lending to agricultural borrowers. Using the historical-logical method, methods of economic-statistical and comparative analysis the authors revealed the factors and risks that impede the intensification of agricultural credit consumer cooperation in modern Russia and developed recommendations that contribute to the formation of the effective financial and credit mechanism for its functioning.
Keywords: agricultural credit consumer cooperation, financial risk, state financing, control and supervision, mega-regulator, regulation.
Highlights:
a retrospective review of the periods of formation and development of agricultural credit consumer cooperation in Russia in the XIX-XXI centuries was conducted;
the factors that have a deterrent effect on the development of agricultural credit consumer cooperatives in Russia were grouped;
the current state of agricultural credit consumer cooperation was assessed;
the financial and economic regulators to increase the economic stability of agricultural credit consumer cooperatives were proposed.
Alexandra S. Bobyleva, Doctor of Economics, Professor of Ulyanovsk State University.