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  • Author: Krzysztof Łukaszuk x
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Summary

Subject and purpose of work: Running an agricultural activity requires acquiring funds necessary for its functioning and proper development. The most classic examples of financing agricultural activity include all kinds of bank loans used by farmers for the purchase of agricultural land, construction and modernization of buildings, the purchase of machinery and equipment, as well as the establishment of perennial plantations or the purchase of a herd. The aim of the study is to present the possibilities of financing agricultural activity by cooperative banks in the Podlaskie Voivodeship.

Materials and methods: The study used the method of observation and analysis of banking materials. The source of information was the data of cooperative banks, the Agency for Restructuring and Modernization of Agriculture and the Central Statistical Office.

Results: Over the centuries, cooperative banks have developed techniques, methods and practices in the field of agricultural lending. They have somehow specialized in this area and offer farmers a full range of commercial loans. They have also actively participated in the redistribution of funds under the implementation of the EU Common Agricultural Policy. for many years. Currently operating farms have access to many forms of financing (the most developed and available in banks, however, are loans) depending on their financial needs or planned investments.

Conclusions: Among many forms of foreign capital in agriculture, it is preferential loans that play a significant role as a stimulus to improve farm activities. Granting loans by cooperative banks is one of the basic tasks in their operations. Bank loans play an important role in changes taking place in agriculture. They generally do not violate the principles of market economy and financing rules, provided that the financial and credit policy takes into account the needs and limitations resulting from the current and forecast economic situation of farms.

Summary

Subject and purpose of work: The aim of the work is to define the importance of banks in the development of agricultural holdings and the role they play in rural environment.

Materials and methods: The relevant material was analysed on the basis of domestic literature concerning a range of banking products offered to natural and legal persons and by the inductive-deductive method.

Results: The source of data used for conducting the analyses and drawing conclusions is the information obtained from the Cooperative Bank in Bielsk Podlaski.

Conclusions: 1. The goal of cooperative banks is to provide the inhabitants of villages with access to banking services, including credits with attractive interest rates. 2. The services of a cooperative bank are most frequently used by farmers, craftsmen and teachers. 3. In Poland, cooperative banks operate on the basis of: the Foreign Exchange Act, the Payment Services Act, the Act on Freedom of Economic Activities, the Act on the National Bank of Poland, the Act on the National Guarantee Fund, the Law on Bankruptcy and the Rehabilitation Act, as well as on the resolutions of the Management Board of the National Bank of Poland.