Features of risk assessment in the lending of agricultural enterprises

Gonchar Kateryna
PhD in Finance, Banking and Insurance, lecturer at the Department of Banking, Odesa National Economic University, Odesa, Ukraine, E-mail: sivkovak@ukr.net, ORCID: https://orcid.org/0000-0002-8350-3134

Dulenko Zlata
student of the first (bachelor's) level of higher education, Faculty of Finance and Banking, Odesa National Economic University, Odesa, Ukraine, E-mail: zlata123777@gmail.com, ORCID: https://orcid.org/0009-0003-2517-789X

Received: 06.06.2025    Аpproved: 20.06.2025    Рublished online: 25.07.2025

Cite this article:

Gonchar K., Dulenko Z. (2025) Features of risk assessment in the lending of agricultural enterprises. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Osoblyvosti ocinky ryzykiv kredytuvannja silskogospodarskyh pidpryjemstv.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 6 (331), pp.27-34.

Abstract

The purpose of the study is to explore the peculiarities of credit risk assessment for agricultural enterprises, taking into account the sectoral. Characteristics and external challenges, particularly under martial law conditions in Ukraine. The importance of financing agricultural enterprises is emphasized, both for the country and for global food security. Method. The article includes the following general scientific methods – analysis and synthesis, classification, systematization, comparative analysis, graphic analysis. The study applies logistic modeling in line with the requirements of the National Bank of Ukraine Regulation No. 351. The analysis also includes the evaluation of financial indicators based on reporting data from LLC «Corteva Agriscience Ukraine» and a classification of both general and sector-specific credit risks. Results. The findings indicate that existing risk assessment methodologies often ignore the specificities of the agricultural sector, such as seasonality, dependence on weather conditions, and technological disruptions. The characteristic features of risks inherent in the process of lending to agricultural enterprises were investigated, the main of which are general and specific risks. The international experience of assessing the credit risk of agricultural enterprises was analyzed and it was established that there are no standardized methods of risk assessment. The integral creditworthiness indicator was calculated, and the enterprise was classified into the fourth credit risk class, indicating moderate risk. It was also shown that external threats, including the destruction of assets due to hostilities, significantly influence credit risk. Scientific novelty. The study identifies a gap in adapting general banking risk assessment models to the unique context of agricultural enterprises. It proposes the integration of sector-specific indicators into standard credit risk assessment procedures. Practical importance. The results can be used by financial institutions to refine credit analysis approaches for agricultural borrowers. The study emphasizes the need for constant risk monitoring and offers practical recommendations for incorporating industry-specific risks into decision-making processes. This is particularly relevant under wartime conditions and in post-conflict economic recovery strategies.

Keywords

credit risk, agricultural enterprise, creditworthiness, risk assessment, bank lending.

JEL classification: G210; Q140;DOI: https://doi.org/10.32680/2409-9260-2025-6-331-27-34

UD classification:336.7:631.1

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