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Value Chain Finance in Agriculture - an Opportunity to Improve Access to Finance for Bulgarian Agribusinesses

Author

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  • Damyan Kirechev

    (University of Economics - Varna)

Abstract

The article focuses on funding opportunities for the value chain in agriculture. Students are studying the financial instruments of the value chain in agriculture. The idea is that adopting innovative solutions to finance agriculture will improve access to agribusiness finances, create higher value in agribusiness, stabilize incomes and increase competitiveness. Financing the value chain in agriculture implies focusing on the use of an integrated and strategic approach, including: integration into the finance supply chain (financial institutions); structural aid from the government to strengthen the supply chain; enhancing information systems for protection against risks; enhancing cooperation and co-operation, etc. Achieving long-term economic benefits and fair value distribution in agriculture implies focusing on raising the role of different stakeholders such as government, financial institutions, processors, traders, and others.

Suggested Citation

  • Damyan Kirechev, 2018. "Value Chain Finance in Agriculture - an Opportunity to Improve Access to Finance for Bulgarian Agribusinesses," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 7(3), pages 294-299, December.
    • Handle: RePEc:vra:journl:v:7:y:2018:i:3:p:294-299
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    File URL: http://www.su-varna.org/izdanij/2018/EconomicSciencesSeries_2018_3/294-299.pdf
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    More about this item

    Keywords

    Value chain finance; financing of agribusiness; access to finance;
    All these keywords.

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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