Comparative Analysis of Lending and Leasing as Instruments for Financing Technical Equipment of Grain Production Organizations

Abstract

Introduction. The declining capacity for self-financing investment projects in agriculture, coupled with the rising cost of borrowed capital, necessitates a detailed comparative analysis of alternative debt financing options. Of particular interest is the study of credit and leasing conditions as the most common methods of external financing.
Aim. To develop a methodology for the comparative assessment of investment financing efficiency in grain production organizations through credit and leasing, enabling evidence-based managerial decision-making.
Materials and Methods. The comparative analysis of economic efficiency under different external financing conditions employs general scientific methods and specialized techniques of economic analysis.
Results. A logical framework for evaluating external investment sources in agricultural organizations is proposed. A system of indicators is substantiated for comparing financing options and determining the economic impact of transactions. A case study compares debt financing alternatives for acquiring a grain harvester, examining preferential agricultural credit programs and leasing arrangements.
Conclusions. Under current constraints—particularly the lack of internal funds for production equipment—the most advantageous option for grain sector organizations is preferential credit financing under state-supported agricultural programs. Despite rising interest rates, project payback can be achieved through increased grain output, tax incentives, and reinvestment of cash flows from reduced fiscal burdens.

To cite: Lebedeva G.V., Rudskaya I.B. Comparative Analysis of Lending and Leasing as Instruments for Financing Technical Equipment of Grain Production Organizations. Research in Economic and Financial Problems. 2025;2:2. https://doi.org/10.31279/2782-6414-2025-2-2  EDN ISJUEY