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Agricultural Lease as a Perspective Mechanism of Development of Infrastructure of Entrepreneurship in the Agricultural Machinery Market

  • Tatiana N. LitvinovaEmail author
Conference paper
Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 91)

Abstract

Purpose: The article seeks the goal of determining the current role and importance of agricultural lease in the structure of financial mechanisms of development of infrastructure of entrepreneurship in the agricultural machinery market in modern Russia and developing the perspective directions of improving the practice of application of the mechanism of agricultural lease for development of infrastructure of entrepreneurship in the agricultural machinery market.

Design/methodology/approach: For determining the role and importance of agricultural lease in the structure of financial mechanisms of development of infrastructure of entrepreneurship in the agricultural machinery market in modern Russia the authors use the method of determined factor analysis. The factor model is the function of the volume of new fixed capital formation in agriculture, presented in the form of the sum of volume of financing of this process with the help of various mechanisms that are available in modern Russia.

Findings: It is determined that in modern Russia the agricultural lease is the least actively used mechanism of financing of new fixed capital formation (agricultural machinery) in agriculture, as the conditions of its provisions are least favorable as compared to other accessible mechanisms (agricultural crediting, state subsidizing, and own investments of agricultural companies). The perspective directions of improving the practice of application of the mechanism of agricultural lease for development of infrastructure of entrepreneurship in the agricultural machinery market is partnership with leasing companies, cooperation with leasing companies within clusters on production and distribution of agricultural machinery, and independent provision of agricultural lease services to agricultural companies by manufacturers and suppliers of agricultural machinery.

Originality/value: The improved mechanism of agricultural lease will allow for significant increase of domestic demand for agricultural machinery and better usage of production capacities of companies in the Russian market of agricultural machinery and will stimulate their further innovative development, thus stimulating practical implementation of the strategy of development of agricultural machine-building of Russia until 2030.

Keywords

Agricultural lease Financial mechanism Development Agricultural companies Infrastructure of entrepreneurship Market of agricultural machinery Russia 

JEL Code

D53 D92 H54 Q12 Q13 O13 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Volgograd State Technical UniversityVolgogradRussia

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