Justification of a cooperation and crowd-based financing model for the dairy industry of the Republic of Belarus in the context of the world economy and digital ecosystems
https://doi.org/10.29030/2309-2076-2026-19-1-215-226
Abstract
The dairy sector of the agro-industrial complex of the Republic of Belarus is exportoriented and characterized by high capital intensity, dependence on herd management quality, chilled raw-milk logistics, and traceability requirements in international trade. The article substantiates a theoretical model for the implementation of cooperation and crowd-based financing tools in the Belarusian dairy sector in line with global economic trends, including the development of global value chains, digital platforms as infrastructure for reducing transaction costs, and diversification of financing sources for small and medium-sized enterprises (SMEs). The proposed model treats cooperation as an economic mechanism of joint ownership of infrastructure and data (quality control, veterinary services, logistics, and marketing), while crowdfunding is considered a mechanism of distributed project financing linked to measurable production indicators and supply contracts.
It is shown that the economic effect is achieved through reduction of losses and lower working-capital costs, increased productivity and improved quality management, expanded market access through compliance verification and traceability, and redistribution of risks among supply-chain participants. Particular attention is given to the constraints and conditions for implementation, including the institutional environment of cooperation, governance and trust, investor protection, cybersecurity risks, and compatibility with the existing regulatory framework.
Keywords
About the Author
S. N. KlimenkoRussian Federation
Semyon N. Klimenko – Ph.D. student
Moscow
References
1. Ohlan R. Global Competitiveness in Dairy Sector. Agricultural Situation in India. SSRN Electronic Journal. 2012;(59(5)):215-223. DOI 10.2139/ssrn.279798710.2139/ssrn.2797987.
2. Main indicators of certain types of animal husbandry production in the Republic of Belarus in 2023. URL: https://www.belstat.gov.by/upload-belstat/upload-belstat-pdf/oficial_statistika/2024/infografics-animal_husbandry-2024_en.pdf.
3. In 2024, Belarus exported 6 million tons of milk and dairy products to 69 countries. URL: https://belta.by/economics/view/belarus-v-2024-godu-eksportirovala-6-mln-tonn-moloka-imolochnyh-produktov-v-69-stran-697543-2025. (In Russ.).
4. Martínez-Climent C., Enri-Peiró S. Crowd-Based Financing Tools for Entrepreneurs: A Guide for Effective Crowdfunding. In: P. Sendra-Pons, D. Garzon, MÁ. Revilla-Camacho (eds). New Frontiers in Entrepreneurial Fundraising. URL: https://doi.org/10.1007/978-3-031-33994-3_3.
5. Hoque M.M. Crowdfunding for innovation: a comprehensive empirical review. URL: https://doi.org/10.1186/s43093-024-00387-5.
6. Singh A., Ghosh A. Designing a Cost-Effective Supply Chain for the Dairy Industry. In: P. Dutta, S. Bapat, D. Jana, A. Kumar, N. Cheikhrouhou (eds). Advances in Applied Operations Research and Analytics for Business Intelligence. URL: https://doi.org/10.1007/978-981-95-5429-4_14.
7. Fathi M.R., Zamanian A., Khosravi A. Mathematical modeling for sustainable agri-food supply chain. URL: https://doi.org/10.1007/s10668-023-02992-w.
8. Moreno-Camacho C.A., Montoya-Torres J.R., Jaegler A. Sustainable supply chain network design: a study of the Colombian dairy sector. URL: https://doi.org/10.1007/s10479-021-04463-9.
9. Karelina E.A. The potential of digitalization strategies of companies in developing countries in the focus of formation and development of global digital platforms. Modern Economy Success. 2022;(1):150-156. (In Russ.).
10. Burlankov P.S., Bovkun-Saass M.I. The digital ecosystem in agriculture: prerequisites for creation, essence, prospects. Vestnik NGIEI = Bulletin of the NGIEI. 2024;(12(163)):72-81. DOI 10.24412/2227-9407-2024-12-72-81. (In Russ.).
11. Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937. URL: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32020R1503.
12. Gavrilchenko Yu.P., Kunitskaya O.M. Development of legal regulation of crowdfunding technologies in the Republic of Belarus. Problemy upravleniya (Minsk) = Problems of management (Minsk). 2020;(2(76)):24-30. (In Russ.).
13. Parukova E.V. Legal regulation of crowdfunding as an investment activity in the Republic of Belarus. Vestnik Surgutskogo gosudarstvennogo universiteta = Bulletin of Surgut State University. 2020;(2(28)):68-74. URL: https://doi.org/10.34822/2312-3419-2020-2-68-74. (In Russ.).
14. Vasilevskii A.V. Legal Regulation of Relations in the Sphere of Crowdfunding in the Republic of Belarus. Journal of Digital Technologies and Law. 2023;(1(1)):191-234. URL: https://doi.org/10.21202/jdtl.2023.8.
15. Agricultural cooperatives, responsible sourcing and risk-based due diligence // FAO. Rome. 2022. URL: https://doi.org/10.4060/cc1232en.
Review
For citations:
Klimenko S.N. Justification of a cooperation and crowd-based financing model for the dairy industry of the Republic of Belarus in the context of the world economy and digital ecosystems. Economic Systems. 2026;19(1):215-226. (In Russ.) https://doi.org/10.29030/2309-2076-2026-19-1-215-226
JATS XML