Leasing lending as capitalization instrument for the agricultural sector of ukraine

The modern state of leasing lending of domestic agrarian enterprises is analyzed. It is proved that one of the most common methods of financing the technical re-equipment of production and providing long-term financial resources of business entities in developed countries is the use of leasing operations. Leasing lending to agrarian enterprises can be an alternative to bank lending, since it can significantly reduce start-up investment, and thus opens up wide opportunities for small and medium-sized businesses. It has been established that over the past years amount of leasing usage in the agrarian sector has tended to decline, which was mainly due to economic and political instability in the country. At the same time, the segment of agriculture, both in the branches of the economy, and by the types of leasing objects, occupies the second place after motor transport every year. Despite certain achievements of the state leasing company PJSC NJSC «Ukragroleasing», its monopoly position in the market of leasing services does not allow the development to private leasing companies distorts the leasing schemes and discredits the essence of leasing. The state support of agricultural producers should be based on the development of a more perfect mechanism of budget funds distribution, and full development of leasing in the agrarian sector should operate on the basis of market competition with the participation of both state and commercial leasing companies. The directions of improvement of leasing lending of agrarian enterprises to increase the capitalization level of the agrarian sector are offered. Significant potential for the development of leasing lending in Ukraine may be the improvement of the legal framework for leasing, the creation of a competitive environment in the leasing market, the use of vendor financing, the introduction of tax and investment incentives, availability of access to long-term financing through both domestic and foreign capital etc.