ОСОБЛИВОСТІ УПРАВЛІННЯ РИЗИКАМИ В АГРАРНІЙ СФЕРІ ЕКОНОМІКИ УКРАЇНИ

Abstract

The features of risk management in the agrarian sector of the Ukrainian economy are determined. The study of theoretical sources has allowed to identify the basic concepts of risk management. It is established that the risk management system in agriculture includes a set of decisions and actions aimed at reducing various risks arising in the agricultural environment. At the same time, it involves the processes of recognizing and predicting the occurrence of risks, as well as the choice of measures and means to reduce losses in the event of their occurrence. This is especially true for the agricultural sector of the economy, which, in addition to the above, is heavily dependent on natural and climatic factors. Risk management can be defined as a system of operations that links strategy, processes, people, technology and knowledge. Its purpose is to assess the level of risk associated with the fulfillment of the tasks assigned to the enterprise, as well as to take measures to eliminate the consequences of risk situations. Therefore, risk management takes into account all, not only financial threats and opportunities, and its main goal is to maximize the value created by the business entity. This approach to this problem applies to enterprises operating in various sectors of the economy, including enterprises in the field of agriculture. The process of risk management in the agrarian sector of the economy is proposed to be divided into 8 main stages, which cover the necessary measures – risk identification, risk assessment, planning of risk management strategies, implementation of risk management measures, monitoring and control, crisis plan, reporting and documentation, training and provision of information. However, it should be noted that it is important to constantly update the list of risks in agricultural production, as they may change over time. The most important risk management strategies that can be applied in agriculture have been identified. These include diversification of production, use of modern technologies and modernization of the industry, and insurance. The conducted research is of practical importance and allows to reduce the risks of the agricultural sector of the Ukrainian economy and help to restore the industry.