Procedure to improve planning for short-term financing of agricultural business.

Abstract

To face the currents crisis, the policy of credits grant to agricultural sector must be improved, aimed to develop a procedure of planning for short term financing to improve the economic efficiency, through the use of economic-mathematics and financial methods and techniques. The more significant results were: the reduction of the receivable accounts out of term in a 70%, and 30% remaining with more rigorous payment management studies, decrease of payment cycle with the opening of local financed letters of credits for the contracted value with suppliers through which the bank assumes the obligation to pay in name of the client who is going to buy, more supplies availability for agricultural production. The scientific novelty of the research consists in the applications of a procedure of planning of financing which integrates several methods and techniques.