PRIORITY DIRECTIONS FOR STRENGTHENING THE FINANCIAL STABILITY OF AGRICULTURAL ENTERPRISES
DOI:
https://doi.org/10.5281/zenodo.23302072Abstract
The financial stability of agricultural enterprises is a key factor in ensuring sustainable production, investment activity, food security, and rural economic development. The agricultural sector has distinctive characteristics related to climatic conditions, seasonal cash flows, price dynamics, and the growing importance of long-term financing opportunities. This study analyzes priority directions for further strengthening the financial stability of agricultural enterprises in Uzbekistan based on official statistical data for 2022–2026. The research evaluates agricultural lending, investment flows, production dynamics, and the structure of agricultural output by farm category. The results demonstrate positive dynamics in agricultural financing: agricultural lending increased from UZS 50.3 trillion in January 2025 to UZS 66.4 trillion in August 2026, while foreign investment and loans in agriculture, forestry, and fisheries increased from UZS 16.9 trillion in January–June 2025 to UZS 26.0 trillion in the corresponding period of 2026. The study highlights that further strengthening financial stability can be supported by expanding financing opportunities, diversifying funding sources, enhancing risk management, developing digital financial monitoring and insurance mechanisms, and promoting stronger integration into agricultural value chains. The proposed directions can contribute to improving liquidity, solvency, investment capacity, and the long-term financial resilience of agricultural enterprises.Keywords
agricultural enterprises, financial stability, agricultural finance, credit, investment, financial risk, liquidity, solvency, Uzbekistan, agricultural sectorReferences
Central Bank of the Republic of Uzbekistan. Information on Commercial Bank Loans by Economic Sectors, January 1, 2025–August 1, 2026 [Electronic resource]. – Tashkent: Central Bank of the Republic of Uzbekistan, 2026. – Accessed: September 2026.
National Statistics Committee of the Republic of Uzbekistan. Agriculture, Forestry and Fisheries of the Republic of Uzbekistan in January–December 2025 [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of
National Statistics Committee of the Republic of Uzbekistan. Socio-Economic Situation of the Republic of Uzbekistan, January–December 2025 [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of Uzbekistan, 2026. – Accessed: September 2026.
National Statistics Committee of the Republic of Uzbekistan. Total Agricultural Production (Quarterly). (2026). SIAT Statistical Database [Electronic resource].
National Statistics Committee of the Republic of Uzbekistan. Gross Value Added of Agriculture, Forestry and Fishing [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of Uzbekistan, 2026. – Accessed: September 2026.
National Statistics Committee of the Republic of Uzbekistan. Total Volume of Products and Services of Agriculture, Forestry and Fisheries [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of Uzbekistan, 2026. – Accessed: September 2026.
National Statistics Committee of the Republic of Uzbekistan. Volume of Investments in Fixed Capital Through Bank Loans and Other Borrowed Funds [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of
National Statistics Committee of the Republic of Uzbekistan. UZS 26 Trillion in Foreign Investment and Loans Utilized in Agriculture, Forestry and Fisheries [Electronic resource]. – Tashkent: National Statistics Committee of the Republic of
World Bank. From Root to Fruit: Growing the Horticulture Sector in Uzbekistan. – Washington, DC: World Bank, 2025.
Sadler, M. P., Millan Arredondo, A., Swann, S. A., Vasileiou, I., Baedeker, T., Parizat, R., Germer, L. A., Mikulcak, F. Making Climate Finance Work in Agriculture. – Washington, DC: World Bank Group, 2016.
Food and Agriculture Organization of the United Nations (FAO). The State of Food and Agriculture 2025: Addressing Land Degradation Across Landholding Scales. – Rome: FAO, 2025. – DOI: 10.4060/cd7067en.
World Bank. Agriculture, Food and Rural Development: Global Development Perspectives [Electronic resource]. – Washington, DC: World Bank, 2025. – Accessed: September 2026.
OECD. Agricultural Policy Monitoring and Evaluation 2025: Making the Most of the Trade and Environment Nexus in Agriculture. – Paris: OECD Publishing, 2025. – 718 p. – DOI: 10.1787/a80ac398-en.
International Finance Corporation (IFC). Agribusiness and Food Sector Development [Electronic resource]. – Washington, DC: International Finance Corporation, 2025. – Accessed: September 2026.
Asian Development Bank. Uzbekistan: Agriculture and Rural Development [Electronic resource]. – Manila: Asian Development Bank, 2025. – Accessed: September 2026.
Downloads
Published
How to Cite
Issue
Section
