ECONOMIC IMPLICATIONS OF MONETARY-CREDIT POLICY MEASURES ON THE DEVELOPMENT OF REGENERATIVE AGRICULTURE IN THE REPUBLIC OF SERBIA

Faculty of Economics, University of Niš, Niš, Serbia
Serbia

Faculty of Economics, University of Niš, Niš, Serbia
Serbia

Faculty of Economics, University of Niš, Niš, Serbia
Serbia

Faculty of Economics, University of Niš, Niš, Serbia
Serbia


Abstract

The role and importance of agriculture in stimulating economic growth in the Republic of Serbia are substantial. It represents the leading and priority branch of the economy, considering that, in Serbia, favorable natural conditions favor agricultural production. Agriculture provides food for the population and raw materials for agro-industry development. However, regenerative agriculture is of special importance in the development of agriculture. It is agriculture that is self-sustaining, as it actively supports three key natural resources: biodiversity, water and soil. Preserving these three factors is an important legacy that can be left to future generations. In this way, this kind of production represents benefits for the entire country. Regenerative agriculture uses the power of nature to achieve sustainable production. The development of regenerative agriculture in the Republic of Serbia faces numerous limitations. One of them is the mass use of production based on agrotechnical measures and a lack of information about the advantages of regenerative agricultural production. On the other hand, although Serbia has significant potential for the development of regenerative agriculture, which is hidden in traditional production, it faces another limitation. It is about the lack of funds for starting regenerative agricultural production and for its further development. There is a very small percentage of agricultural farms in Serbia that have opted for this method of production. Agricultural professional services, as well as the Association for Regenerative Agriculture, can play a significant role in its promotion. This paper aims to point out the importance of regenerative agricultural production in the Republic of Serbia and the necessity of providing financial support for its development. The state plays a key role in financing through the implementation of monetary policy measures in the form of more favorable and subsidized loans that support regenerative agriculture and encourage its development.

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