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Finance and Credit
 

Crowdinvesting as a new form of attracting investment in agriculture

Vol. 23, Iss. 45, DECEMBER 2017

PDF  Article PDF Version

Received: 4 October 2017

Received in revised form: 18 October 2017

Accepted: 3 November 2017

Available online: 14 December 2017

Subject Heading: INVESTING

JEL Classification: Е22, G11, M13, Q13

Pages: 2728–2744

https://doi.org/10.24891/fc.23.45.2728

Morozova M.P. Orenburg State Agrarian University, Orenburg, Russian Federation
morozova.maria.petrovna@gmail.com

Atasyan G.D. Orenburg State Agrarian University, Orenburg, Russian Federation
g007ev@gmail.com

Importance This article discusses the relationships arising in the implementation of crowdinvesting projects for development of the agricultural sector, and small and medium-sized businesses in agriculture.
Objectives The paper aims to assess crowdinvesting projects for gaining better efficiency of agriculture. The paper also is to develop a program on import substitution for maintaining investment attractiveness of the region.
Methods We have studied various works on the subject by leading domestic and foreign researchers. To address the tasks, we used the theoretical, analytical, comparative, and graphical methods.
Results In justifying the need for a new mode of investment, crowdinvesting, to increase the investment attraction of municipalities, the article proposes a mechanism for implementing the project on the basis of crowdinvesting. We have developed and now present a Fermer (Farmer) project based on the activities of small agricultural producers in the Orenburg oblast.
Conclusions and Relevance The use of crowdinvesting can have a positive impact on the economy of the Orenburg oblast. It will give a chance for development of small and medium-sized businesses. It can allow to run the program on import substitution and increase the investment attractiveness of the region. The results obtained can serve as a basis for development of agricultural enterprises not only in the Orenburg oblast but the neighboring regions, as well.

Keywords: crowdinvesting, crowdfunding, project, crowdsourcing, startup

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