Qualitative Evaluation of Financing Programs in Agricultural Sector in Serbia

Jovanović, Olivera and Zubović, Jovan (2022) Qualitative Evaluation of Financing Programs in Agricultural Sector in Serbia. In: / II international scientific conference Sustainable agriculture and rural development, February, 2022, Belgrade. Institute of Agricultural Economics, Belgrade, pp. 111-120. ISBN 978-86-6269-110-1

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Abstract

The incentive system is a part of agricultural policy. Activities of the agricultural policies in Serbia are msotly directed towards European integration and harmonized with the requirements of international organizations that assist in financing. In formylating the incentive system, policymakers are facing significant challenges. They include preserving social stability, improving living standards, achieving balanced regional development, and food security. Moreover, they face environmental issues and standards of sustainable development. The subject of this paper is to determine the current situation in the incentive system and estimate its effects on agricultural production in an empirical analysis of agricultural financing programs in Serbia. In the empirical analysis we use qualitative indicators calculated using publicly available secondary data from 2013 to 2019. We evaluate subsidies as an essential part of agriculture policy to estimate their impact. The results show that farmers had the highest interest for direct payments (the number of total approved requests was 20 times higher in 2019 compared to 2015). In addition, data and documents indicate that the incentive system in Serbia is not effective, because funds allocated for certain types of incentives were not claimed (especially in the group - Measures of Rural development). We have formulated several recommendations to agricultural policymakers based on the results of qualitative analysis and concluding remarks.

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