Monitoring the Bankruptcy Procedure of Agricultural Cooperatives and Its Impact on Food Security

Abstract

Agricultural cooperatives are one of the most optimal organizational forms in agricultural production. The national food independence and the level of development of rural areas will largely depend on the development of cooperation in rural areas. In recent years, the bulk of agricultural cooperatives have either been declared bankrupt or are in the process of bankruptcy. In modern conditions, an urgent issue is the study of the dynamics of this procedure and the factors affecting it. Theoretical approaches to the definition of the concept “bankruptcy” are presented in the works of Russian scholars as well as in international regulatory legal acts of Russia and the CIS countries. The purpose of the paper is to analyze the procedure of bankruptcy of agricultural producers. The paper reveals the dynamics of immersion of agricultural cooperatives in the bankruptcy procedure, analyzes the structure of bankruptcy in agricultural cooperatives, reviews the results of the bankruptcy procedure. Significant dynamics in the occurrence and repayment of debt are considered, and the geography of initiating bankruptcy proceedings by tax authorities is presented.