Efficiency of Preferential Lending in the Reproduction of Investment Activities in the Regional Agricultural Sector of Russia

Abstract

Introduction. In the context of Russia's transforming economy and the tightening of its monetary policy, identifying effective financing mechanisms for investment activity in the agricultural sector (AS) is of particular relevance. Credit financing, especially through state-subsidized soft loan programs, has become a key instrument for ensuring the reproductive processes within the AS. This necessitates a thorough study of its impact on corporate investment activity.
Aim. To investigate the challenges of credit financing in the AS and its impact on the reproduction of investment activity in the sector of the Stavropol Krai, Russia.
Materials and methods. The research is based on the accounting records of 60 agricultural enterprises in the Stavropol Krai, selected using a ranking method that considered industry-specific indicators to form a representative sample with a normal distribution. The study was conducted from a process approach perspective, employing methods of mathematical statistics for data analysis.
Results. The study identifies a correlation between various types of banking products and their role as investment factors in the AS of the Stavropol Krai. The findings indicate that credit products—particularly subsidized lending—and leasing are the most significant drivers. In contrast, ancillary services (e.g., facilitation of foreign economic activity, legal support) play a secondary role.
Conclusions. Credit financing remains a key element of the investment process in the region's AS, facilitated by the adaptation of banking products. This includes the development of state-supported soft loan programs. The results of this research can be utilized to develop algorithms for assessing the effectiveness of investment activities and for formulating credit policies aimed at the sustainable development of the AS.

To cite: Efendiev I.A. Efficiency of Preferential Lending in the Reproduction of Investment Activities in the Regional Agricultural Sector of Russia. Research in Economic and Financial Problems. 2025;3:1. https://doi.org/10.31279/2782-6414-2025-3-1