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OKKO Group helps to popularize agricultural receipts

15.02.2018

Agrarian receipts – this is usually a more convenient and beneficial alternative to bank lending for agricultural producers. This credit instrument is actively used in the world, but in Ukraine it still worked only in pilot mode in 7 regions. However, from January 1, 2018, agrarian receipts may be issued by agribusiness enterprises in all regions of the state. OKKO Group was one of the first in Ukraine who start offering fuel to farmers, mineral fertilizers, and funds on the terms of agricultural receipts. Therefore, our specialists have actively participated in the project of the International Finance Corporation (IFC) to promote this financial instrument.

As part of the project, a series of roundtables and seminars were organized for representatives of the agro-industrial complex, civil servants, notaries and lawyers, other stakeholders, who explained the benefits of working with agrarian petitions, aspects of their design and execution by the parties of their obligations. Representatives of OKKO Group also spoke on a significant part of these events. In particular, we presented our program in Zaporizhzhia, Kherson, Dnipro, Lviv, Lutsk and some other regions. After all, our holding today can provide farmers with a unique offer, when we provide their needs in the fuel, mineral fertilizers, and financial resources under the grain of the future harvest.

Unlike the practice of bank lending, cooperation with OKKO Group does not involve the transfer of bail of agricultural producers' property. Instead, the future harvest is a pledge, which is fixed by the agrarian note. Every participant in the program can take part in the program, without any formalities and bureaucratic procrastination. As a result, farmers have guarantees not only for the full and timely receipt of material and financial resources for field work, but also for the marketing of grown products.

According to official statistics, today in Ukraine more than 150 agricultural receipts have been issued for the total amount of 1 billion UAH.

You can find out more about offers for agribusiness here - https://www.okko.ua/uk/agro