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Abstract
Cessation of financing the agriculture from the Central bank primary
issue (1994) caused a need for finding out new financing source, both for
working capital and fixed assets.This necessity is stressed even by the fact that
resources of accumulation coming from agricultural economic subjects have
been traditionally insufficient and with tendency of permanent decrease in an
environment whereas agriculture had primarily role of social buffer.
In more developed countries in market sense there have been already
used to a great extent new financing modalities as the following: joint ventures,
leasing, concessions, bonds issuing and sales, but also nonspecific financing
forms as e.g. franchising, factoring and forfeiting. Economic subjects in Serbian
agrarian economy should more use new financing modalities beside the
traditional ones that were dominant so far (self-financing, crediting, sources
without repayment obligations).Some of the new financing modalities have not
been used so far, while the others have been used insignificantly.
For the broader utilization of new financing modalities in agrarian
economy of Serbia it is necessary to be established more favorable legal and
system-related conditions as well as an economic environment