Banks are less willing to lend to agriculture

Banks do not risk investing in agriculture in Ukraine because of the unpredictable politics of the state in this sector. Hostage situation were farmers who can not attract credit resources. The attractiveness of the agricultural sector in the eyes of bankers rapidly declining. Finuchrzhdeniya mark high risks of lending farmers in neprgnoziruemoy regulatory policy sector. This was announced at the forum "Agribusiness in Ukraine", organized by the Adam Smith Institute Jacques Mounier President of the Board of Credit Agricole CIB "We were drawn to the Government with a request to fund seed kampaniyu.No how we - the bankers, we can trust the government if the private sector no longer trust him?" - he said. He noted that the most disturbing issues of private sector agricultural market - is a VAT refund, the introduction of quotas on grain exports, attempts to monopolize the export of agricultural products and activities of a new player in the agricultural market - "Bread Invstbud." Companies are investing in growing grain, but have no guarantees that they can sell it "- he says. Jacques Magnier said that last year, on the eve of the 2010 crop to the banks also make a complaint in connection with the low activity of lending farmers and then these criticisms may have been justified. "A year ago at this same forum I asked about this and I found that rather vseo yes, it is we, the banks do cho something wrong. But now I can say more - is now responsible for the situation lies with the state "- he seemed. Source: delo.ua