State Regulation and Development Prospects for Crediting Agricultural Farms in the Republic of Armenia

Agricultural farms now play a significant role in almost all countries. The purpose of agricultural farms is to provide the population with food, as well as raw materials for developing a range of industrial branches of the economy. More than a billion economically active people work on agricultural farms around the world. The food security of the country depends directly on working farms. At present the issue of agricultural crediting is of great importance. Agricultural farms are considered to be the most vulnerable group. In the crediting process, they face a number of obstacles: compliance with crediting conditions, insufficient guarantees, etc. The first and main problem of crediting to agricultural farms is their weakest level of development. The paper discusses the state policy for crediting agricultural farms of the Republic of Armenia. The peculiarities for crediting agricultural farms of the RA have been studied. The role of the country in the management of this sector has been presented. An attempt has been made to analyze the current process of agricultural credit. Obstacles and ways for developing agricultural credits in the RA have been revealed.