Abstract. In the study, it was found that today bank lending to agro-industrial enterprises in the short term does not have economically justified prerequisites for its development and can not perform a stimulating function. Low or negative profitability and accumulated losses of previous periods do not cover the high price of credit resources. As a result, the attraction of credit funds in the economic activities of enterprises overtime only worsen the already difficult financial situation. On the other hand, the existing lending practice has already led to the fact that about 55% of loans are not repaid on time. That is why the banking system needs to apply stricter approaches to risk management when choosing counter parties. Otherwise, it will also threaten its stability. The scientific novelty of this work is the economic justification of the feasibility of lending to agro-industrial enterprises of Ukraine, based on banking statistics and modern approaches to financial management and, unlike the existing situation, taking into account the interests of both businesses and the banking sector. Keywords: agro-industrial enterprises, credit resources, banking system, financial management, borrowed capital. JEL Classіfіcatіon G21, G28, G29, O10 Formulas: 2; fig.: 0; tabl.: 1; bibl.: 15.
Introduction. The agricultural sector is an important strategic sector of the Ukrainian national economy, which ensures food security and food independence of our state. The modern agro-industrial complex is an important sector of Ukraine's economy. The agricultural sector forms food and, within certain limits, economic, environmental and energy security, ensures the development of technologically related sectors of the national economy and creates socio-economic conditions for rural development. The purpose of article is a study of the analysis of the current state and prospects of development of the agro-industrial complex of Ukraine taking into account global changes. Results. The article describes the current state and features of the development of the agro-industrial complex of Ukraine. The importance of agriculture for the national economy is substantiated. Trends in rural development, employment and unemployment, the impact of internal and external factors on these processes are analyzed. The problems of material and technical, investment and financial support of the agro-industrial complex are revealed. It is determined that the decline in the agro-industrial complex also affects the processing industry. The preconditions for the development of the agricultural sector in Ukraine under the conditions of market formation and ways to solve strategic problems to ensure food security of the country and the competitiveness of the agri-food complex in domestic and foreign markets are highlighted. Conclusions. It is proposed to continue to improve the mechanisms of co-financing of major economic measures and programs aimed at agricultural development, taking into account the solution of national problems in the formation of a single economic space, living conditions equalization of the rural population. One of the strategic directions of agro-industrial development should be the support of farmers by the state. The agro-industrial complex is able to double the volume of agricultural production. The condition for the effective development in the agro-industrial complex is to ensure its adaptation to changes in the external environment. Key words: agro-industrial complex of Ukraine, agrarian sector, agriculture, food security, agricultural production.
Introduction. The effective functioning of the agro-industrial complex is ensured by the coordinated work of enterprises of different types of economic activity that are part of it, so it will be important to study their condition. Given the instability of the macroeconomic situation, which today is characterized by uncertainty and risk, the activities of agriculture ensure food security of the state, performing an important social function, so it needs research. The main purpose of the article is to analyze the current state of enterprises of the agro-industrial complex of Ukraine. Results. The article examines the current state of enterprises of the agro-industrial complex of Ukraine. The probability of their bankruptcy is analyzed. Preliminary analysis of the structure of economic assets and sources of their formation allowed to identify the most critical problems in the financial well-being of these enterprises, which may affect the rhythm of their work in the future and lead to bankruptcy. At most enterprises of the agro-industrial complex, the share of current assets in their total volume exceeds the normative values. This is evidence of inefficient use of capital and the formation of excessive balances of working capital at various stages of turnover, in particular, in the form of receivables. The general tendency of financing economic activity at the enterprises of agrarian and industrial complex, in the conditions of insufficient volumes of own capital, is attraction of short-term, instead of long-term obligations. This leads to a loss of balance sheet liquidity and may lead to an insolvency crisis in the future. The financing of economic activity was due to short-term liabilities in the amount, and the share of equity in trade in food and agricultural raw materials and live animals is traditionally low. Thus, the financial stability of these activities is too low. Uncovered losses of previous periods led to a complete loss of equity in the production of fertilizers and agrochemical products. Conclusions. Based on the results of the study, it is established that today the driving force of this sector of the economy are medium-sized enterprises, which are also characterized by the best level of financial well-being. Keywords: enterprises of agro-industrial complex, probability of bankruptcy, rhythmic work, food security.
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