Agrarians are critically short of funds for current expenses, and the bank is not opening an additional revolving credit. To obtain working capital, entrepreneurs are considering all options for loans, including "cash" ones.
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Farmers are critically short of funds for current expenses, and the bank is not opening additional working capital loans. To obtain working capital, entrepreneurs are considering any loan options, including "cash" loans. This was stated by Serhiy Milko, the commercial director of FC "FINVIN", for Latifundist.com. The expert noted that replenishing working capital is a systemic pain for the agrarian. Agricultural products are not sold in small pieces just to close another bank tranche. The market operates in large volumes and at specific time windows. However, banks are forcing farmers to sell not when it is profitable, but when it is convenient for the credit committee. "The bank literally says: you have a repayment schedule, so sell 100 tons and close the payment. At the same time, no one is interested in the batch size, the current price, the delivery terms, and the fact that these factors are currently cutting into its margin. The bank sees the schedule. Business sees the ...