Agribusiness Enterprises Research Articles

The Effect Of Promotion Mix Costs On Sales Volume And Its Impact On The Benefits Of Agribusiness Medium Enterprises In Maros District

This research was conducted on Small and Medium Enterprises in the agribusiness sector in Maros Regency by taking data on the promotion mix costs, sales volume and profits from 2017-2019. The purpose of this research is to partially determine the effect of advertising costs, promotion costs, personal selling costs on sales volume in increasing profits in agribusiness Small and Medium Enterprises in Maros district. This type of quantitative research uses an associative approach which aims to determine the effect and relationship between the independent variable and the dependent variable through intervening variables. The sample in the study obtained 21 small and medium enterprises using purposive sampling technique. The data analysis technique used is regression analysis with the help of SPSS and Sobel test. The results showed that advertising costs (X1) and personal selling costs (X3) had a significant effect on sales volume in increasing profits with the calculated value of the Sobel test, the Z1 value obtained was 2.0337 and Z3 was 2.168 > 1.669 and the selling promotion costs ( X2) does not have a significant effect on sales volume in increasing profits in small and medium agribusiness enterprises in Maros district. The value of the calculation of the Sobel test, the Z2 value obtained is -0.4967 < 1.669 (t table N = 63, Prob 5%).

MOTIVATION MANAGEMENT AS THE KEY FACTOR OF FINANCIAL AND ECONOMIC GROWTH OF SMALL AGRIBUSINESS ENTERPRISES

The motivation mechanism is based on certain organizational and economic approaches. Its goal is to raise the people’s feelings deliberately, give them the opportunity to think actively, to show their abilities and inclinations, and to enrich themselves spiritually. It should take into account not only the state of socio-economic development, but also the financial growth of the economic entities of the country, a certain administrative unit, the mentality of the people, national characteristics as well as the possibility of their change. The methodological, theoretical, normative and generalized approaches of labor motivation at the small agribusiness enterprises have been outlined in the work. At the enterprise level we have taken into account the features of the industry, the organization and rate of labor, the level of material remuneration and the staff expectations. Another requirement for the motivation mechanism is the ability to change the key factors of influence according to the situation quickly.
 We have substantiated the problem of the formation and regulation system of the effective management motivation and its practical application in agribusiness. It has been proved that the support of the motivation mechanisms for productive and efficient labor in order to have an awareness of being the owners and masters of the production means and ensuring the personal interest of the agribusiness workers is very important. The desired results can be achieved only by combining the moral, material, industrial, social, and psychological stimuli.

Establishment of a chart of accounts for management accounting for interorganizational cooperation among agribusiness enterprises

The article, based on theoretical analysis, gives definitions of inter-organizational cooperation, inter-organizational management accounting, inter-organizational management reporting. The composition of management reporting of agricultural organizations within the framework of business partnership was proposed, the advantages of using this type of reporting were identified, possible difficulties of implementing such a system of reporting forms were identified. The example of agricultural enterprises reveals the structure and content of management reporting for use in inter-organizational cooperation.

ДІАГНОСТИКА МАРКЕТИНГОВОГО ІНФОРМАЦІЙНОГО ЗАБЕЗПЕЧЕННЯ ТОВАРНОЇ ПОЛІТИКИ ПІДПРИЄМСТВ СФЕРИ АГРОБІЗНЕСУ

The development and implementation of an effective product policy is currently a priority in ensuring the competitiveness of agricultural enterprises in the target markets. The construction of an effective model of product policy of these enterprises is based on an effective system of collection, analysis and interpretation of marketing information about the functioning of external and internal environment of the economic entity in the structure of marketing information system. Thus, marketing information support of product policy of agribusiness enterprises is an effective tool for gaining market power in the system of modern macro- and micro-economic coordinates. In the context of the development of the concept of agro-marketing the system of marketing research of agribusiness enterprises is the basis for the implementation of their product policy, starting from the justification of the product concept and ending with the development of algorithms for marketing decision-making to ensure the strategic position of the company in the target markets. The complex of marketing decisions, taken when justifying and implementing the product policy of the enterprise, should be based on the representative information about the configuration of internal and external market environment. In the context of the priority of marketing information system as an analytical component of economic activity of agroindustrial complex enterprises it is advisable to diagnose the current state of their information support by questioning with the use of specially designed questionnaires. It has been established that the presence of agribusiness enterprises' need for marketing research is determined by internal factors, in particular, by the economic condition of enterprises. Thus, the largest share of enterprises in need of marketing research have a successful economic situation, which is due to the fact that this group of enterprises has its own resources and competencies for the formation of marketing information system. It is essential that the enterprises having problematic and unsatisfactory economic situation do not have effective research systems as a tool for studying their internal marketing environment. Marketing research, conducted by agribusiness enterprises, covers a wide range of problems of enterprise functioning, in particular, efficiency of pricing policy, establishment of supply channels and analysis of needs of target consumers. The achievement of strategic goals of agribusiness enterprises in the long term is achieved through the formation of a marketing information system of the enterprise, the effectiveness of which is based on the integrated implementation of the managerial, instrumental and technological components.

УДОСКОНАЛЕННЯ ОБЛІКОВОГО ВІДОБРАЖЕННЯ РОЗРАХУНКОВИХ ОПЕРАЦІЙ ІЗ ЗАСТОСУВАННЯМ АГРАРНИХ РОЗПИСОК

Іn the article the tendencies of development of calculations by agrarian receipts at the enterprises of the sphere of agribusiness are considered. Formation of improvement of a technique of accounting reflection of calculations by agrarian receipts demands introduction of normative regulation of operations with agrarian receipts. The study allowed to identify and describe business models of agricultural receipts that are successfully used in practice by agribusiness enterprises: Business Model 1 (Agricultural Producer-Supplier), Business Model 2 (Agricultural Producer-Bank), Business Model 3 (Agricultural Producer-Trader) , Business Model 4, Business Model 5, Business Model 6 (Agricultural Producer-Cooperative), which has an impact on the accounting of payments by agricultural receipts. It is confirmed that the improvement of the methodology of accounting calculations by agricultural receipts is proposed to be carried out by introducing additional sub-accounts and their analysis, namely 634 – Calculations. with suppliers secured by agricultural receipts, 686 – Calculations secured by agricultural receipts, 551 – Calculations secured by long-term agricultural receipts, 507/607 – Financial resources secured by agro-receipts, 185 – Accounts receivable on long-term agricultural receipts, receipts, 370 051 – Guarantees and collateral provided under agricultural receipts and 061 – Guarantees and collateral received under agricultural receipts (analytics 061.1 / 051.1 – future harvest; 061.2 / 051.2 – Live animals; 061.3 / 051.3 – Products of animal origin; 061.4 / 051.4 – Products of plant origin ; 061.5 / 051.5 – Organic products, etc.), 9491 "Costs of agricultural receipts", which will generate relevant information for effective management decisions in terms of economic activity of enterprises in the field of agribusiness. In further research it is planned to develop a model of accounting support for risk management of the use of agricultural receipts in the activities of agricultural businesses, which will form a comprehensive approach to the study of this problem.

ФОРМУВАННЯ НОВИХ ПОКАЗНИКІВ ФІНАНСОВОЇ ЗВІТНОСТІ ПРО РОЗРАХУНКОВІ ОПЕРАЦІЇ – ЗАПОРУКА ЕФЕКТИВНОСТІ УПРАВЛІНСЬКИХ РІШЕНЬ

The purpose of the article is to substantiate the theoretical and applied aspect of information support by forming new indicators of financial reporting on settlement operations as a guarantee of the effectiveness of management decisions. Research methodology. Achieving the goal set in the article is carried out using the following research methods: logical generalization and scientific abstraction, analysis, analytical method. The study aims to supplement the information and accounting support for management purposes, which will contribute to the efficient use of resources. Results. It is noted that the disadvantage of accounting practice is the low informativeness of the forms of financial reporting for business management purposes and requires its addition to the part of settlement operations. The modern economic environment of business needs to overcome the limitations of financial information, which is manifested in the development of new reporting standards of a fundamentally different format. Improving the management process for the efficient operation of business units in the agricultural sector involves the development of new analytical strategies, detailing performance indicators to find “bottlenecks” or strengths through quality information. The main source of information on calculations is financial reporting, and a comprehensive assessment of the implementation of settlement operations of agribusiness enterprises, not only for their individual elements, but also through various forms and new settlement tools and lending mechanisms for agribusiness, which requires improved financial reporting in terms of settlement operations as an effective way to manage business. It is noted that the integration processes, in terms of recognition of Ukraine as part of the world economic community, require implementation in a single information environment that will contribute to the harmonization of accounting. The reform process should take into account the provisions of International Financial Reporting Standards on reporting, which will facilitate management decisions in terms of investment / business lending. It is proposed to improve the content and components of financial statements of business units (f. № 1 “Balance Sheet” (Statement of financial position) and f. № 5 “Notes to the annual financial statements”) through the formation of new indicators using agricultural receipt as a new calculation tool and alternative mechanism lending to agribusiness enterprises. The practical significance of the research results. The use in practice of the proposed theoretical and applied approaches to improve reporting with new indicators will generate objective information adapted to the taxonomy of financial reporting (according to international financial reporting standards in Ukraine) for management, current and potential investors, lenders and other lenders in making effective management solutions.

РОЛЬ И ЗНАЧЕНИЕ ЦЕНТРОВ ОТВЕТСТВЕННОСТИ В ДИАГНОСТИКЕ ФИНАНСОВЫХ ОТНОШЕНИЙ ПРЕДПРИЯТИЙ АПК

On the basis of the generalization of theory and practice, the possibilities of managing agribusiness enterprises with the allocation of responsibility centers are reflected. The article shows that the mechanism of accounting for the responsibility of enterprises of the agro-industrial sector is an integral and mandatory component of the effective operation of the enterprise. The main centers of responsibility are identified, the functions, the most significant principles of cost accounting for places and centers of financial responsibility, as well as the functional relationships and interdependencies of agribusiness enterprises among themselves in various areas of activity are identified. It is proved that the diagnosis and development of effective financial relations at agricultural enterprises and the optimal organization of all processes of activity in the market leads to the expansion of both external and internal financial relations.

Strategy for the development of agricultural enterprises

The article is a development of a variation of the methodology for developing a strategy for the development of an enterprise in the field of agribusiness. The strategic development line for an agribusiness enterprise is based on a detailed analysis of the external environment and a comparison of the strengths and weaknesses of the potential of the internal environment, but the emphasis in the development strategy, unified for all agribusiness enterprises in Russia, should be uniform, as the results of this work show. Many agribusiness enterprises are not able to use a development strategy, due to the fact that they have a weak internal potential that does not allow them to realize the opportunities provided to them by a favorable external environment. An agribusiness that is in a different position, in order to use all the benefits available to enterprises that use the traditional approach in forming a development strategy, must first use a comprehensive analysis. Agromarketing is singled out as the main direction aimed at strengthening and developing the internal environment of the agribusiness organization. Agromarketing, based on the principles of customer orientation, realizing all the needs and requirements of a potential consumer of agricultural products.

ДОСЛІДЖЕННЯ ПРОБЛЕМ СИСТЕМАТИЗАЦІЇ РЕЗУЛЬТАТІВ АУДИТУ ТА ПОДАННЯ ПОКАЗНИКІВ В ІНТЕГРОВАНОМУ ЗВІТІ

In modern conditions, the interest of business management in the effectiveness of the organization of the audit of integrated reporting and settlement operations for decision-making in terms of business management has increased significantly. The value of internal audit of integrated reporting is important, because it is this audit helps to eliminate inaccuracies and errors in the formation of indicators of integrated reporting. However, there is a problem of systematization of control results and presentation of reliable conclusions of the auditor on financial and non-financial indicators of the integrated report. Therefore, it is necessary to conduct more detailed research to improve the audit documentation, which should be used by the auditor during the verification of settlements with debtors and creditors. Insufficient level of elaboration of the issue of documentary support for checking the calculations of agribusiness enterprises during the internal audit of integrated reporting revealed the problem of further systematization of internal audit results and presentation of a reliable auditor's report on financial and non-financial indicators of the integrated report. In the course of the research a system of documentation according to audit procedures in the part of settlement operations during the internal audit of integrated reporting was developed. The developed set of documents is characterized by a meaningful content in terms of the proposed classification groups of settlements with debtors and creditors and the associated risks, the design of which ensures the reliability of the audit. Forms of auditor's working documents on settlement operations have been developed, which contribute to the formation of information support of the effective and supply part of the audit report based on the results of the internal audit of integrated reporting in terms of calculations as an integrated object of accounting and reporting. The proposed documentation system focuses the auditor's attention on urgent issues of qualitative and quantitative risk assessment, the appropriateness of the choice of management methods and ways to optimize risks, which will facilitate effective management decisions for business development.

ІНТЕГРАЛЬНА ОЦІНКА ТОВАРНОЇ ПОЛІТИКИ ПІДПРИЄМСТВ СФЕРИ АГРОБІЗНЕСУ

In the conditions of foreign economic vector of development of agrarian sector of economy, turbulence of external marketing environment and variability of behavior of target consumers substantiation of commodity policy of agrarian enterprises and system-forming factor of increase of efficiency of their marketing activity. In the context of the importance of achieving a stable competitive position of the enterprise in the target market, the priority is to determine the external and internal determinants of the formation of the product portfolio of agricultural enterprises, its structure and configuration. In the theoretical and applied sense, the justification of the strategic development of marketing activities of economic entities, the implementation of an integrated assessment of product policy of enterprises in the field of agribusiness is an important factor in gaining market power. Identification of key determinants of the formation of product policy of agricultural enterprises is based on the methodological platform of leading economic schools and doctrines and is presented in the form of a structural and logical scheme. Strategic imperatives of influencing the commodity policy of agribusiness enterprises directly determine the vector of development of their economic activity and are the fundamental regulators of the external and internal marketing environment. The results of the decomposition analysis present the key features of the product policy of agricultural enterprises in relation to other marketing tools and other areas of activity in the context of tools to increase the competitiveness of enterprises in target markets. For an integrated assessment of the product policy of agribusiness enterprises, it is advisable to use a set of factors to determine the effectiveness of marketing activities of these enterprises. For the purpose of analytical substantiation of a condition of commodity policy of the agricultural enterprises the marketing research by a survey method on the basis of the specially developed questionnaire containing questions concerning a marketing complex, a profile of target consumers and strategic planning is carried out. The presented results of the research are the basis for further promising areas of improving the methodology of formation of commodity policy of agricultural enterprises and the use of its integrated assessment in the context of ensuring the strategic development of economic entities in domestic and foreign markets.

КОНЦЕПТУАЛЬНЫЕ ПОДХОДЫ К СТРАТЕГИЧЕСКОМУ УПРАВЛЕНИЮ ПРЕДПРИЯТИЯМИ АГРОБИЗНЕСА

The article substantiates the need to form a business strategy of agribusiness entities, consid-ers the basics of practical implementation of the strategic management system, develops an algorithm for developing and implementing the development strategy of an agribusiness enterprise, including an analysis of the external and internal environment, SWOT-analysis of the activities of an agribusiness enterprise, mis-sion, purpose of development, study of the main areas of choice of development strategy, study of enterprise strategies and their choice, justification the need for implementation and the essence of organizational changes, as well as the practical implementation of the strategy. The state of the external environment of agricultural enterprises specializing in grain production has been analyzed, a SWOT-analysis of the activities of enterprises with grain specialization of the Territory has been presented, and the differentiation strategy has been substantiated. The presented results can serve as a basis for the development and implementation of strategies for the development of agricultural enterprises.

ПОРЯДОК ІНДЕНТИФІКАЦІЇ РЕЗЕРВІВ ТА МЕТОДИКА ВІДОБРАЖЕННЯ ЇХ В ОБЛІКУ – ІНСТРУМЕНТ УПРАВЛІННЯ РИЗИКАМИ РОЗРАХУНКІВ ПІДПРИЄМСТВ

Іt is proved that business risk management of agro-industrial enterprises requires the introduction of an effective risk management system. In this aspect, the risk management methodology plays an important role and determines the future effectiveness of risk management methods, actions and measures. The study identified three groups of accounting reserves, which cover all components of calculations as an integrated object of accounting and are one of the effective methods of risk management in optimizing the impact of risk on the activities of the business entity. The procedure for selecting a reserve in risk management of enterprise settlements is developed, proposals are made in terms of methodology for calculating reserves taking into account the impact of risks, implemented through the matrix of risk calculations of agribusiness enterprises, group integrated risk indicator and individual risk indicator for individual settlements with debtors / creditors. It is determined that one of the methods of risk management of settlement operations of agribusiness enterprises is internal provisioning to cover the negative consequences of risks arising from non-receipt / non-repayment of receivables and payables for settlement operations with direct and indirect business interest. It is proposed to improve the method of forming reserves through the accumulation of information on the accrual of accounting reserves in transit account 841 "Reserves for settlements in risk conditions", in particular in social and environmental areas, which will assess the effectiveness of risk management in terms of internal provisions. integrated risk reporting on the components of the agribusiness company. It is determined, in addition to the formation and accounting of reserves for risk management of settlements, to keep off-balance sheet records of contingent assets and liabilities, as well as guarantees and collateral received / provided. This will allow to clearly identify possible threats, risk factors and the need to review the size of the reserve, the feasibility of additional accrual or reversal.

ИССЛЕДОВАНИЕ ТЕНДЕНЦИЙ РАЗВИТИЯ НЕСУБСИДИРУЕМОГО СТРАХОВАНИЯ СЕЛЬСКОХОЗЯЙСТВЕННЫХ РИСКОВ

The relevance of the study of the development of the agricultural risk insurance system is connected with the formation of the organizational and economic mechanism for the sustainable development of the national agro-industrial complex, as one of the strategically important sectors of the economy. Insurance of agricultural risks reduces the impact of adverse weather and epizootic conditions, force majeure on the financial results of crop and livestock enterprises of the agro-industrial complex. At the same time, one of the important elements of the system is non-subsidized agricultural insurance. Having a relatively small share in the insurance services market, it still remains a sought-after type of insurance protection, both among small forms of business and among large agribusiness enterprises, possessing high variability of insurance products and conditions for concluding insurance contracts. Research on the development of unsubsidized agro-insurance is quite difficult due to the lack of continuous statistics. As a result, the analysis was based on a comparison of the dynamics of the general and relative parameters of the development of the agricultural risk insurance system. The proposed approach made it possible to allocate the share of subsidized agroinsurance and agroinsurance without state support to the total insurance market. The authors constructed and analyzed dynamic series of indicators characterizing the development of the agricultural insurance market as a whole. It was established that the values of the coefficient of insurance payments most demonstrate the effectiveness of agricultural insurance without state support. The need for this type of insurance is justified, especially at the stage of improving the regulatory and methodological base of agroinsurance with state support. An analysis of trends in the development of subsidized insurance of agricultural risks and agricultural insurance without state support in the context of the regions was carried out. Deterrents are disclosed and directions of development of unsubsidized type of agricultural insurance are determined.

ИННОВАЦИОННОЕ РАЗВИТИЕ МАЛОГО И СРЕДНЕГО БИЗНЕСА СФЕРЫ АПК НА ОСНОВЕ ПРОЕКТНОГО ПОДХОДА

Relevance and goals. In modern conditions, an important strategic direction of the region’s development is the introduction of innovations in small and medium-sized businesses in the agricultural sector. To activate the introduction of innovations in small business organizations, it is necessary to use project-oriented management, which will allow effective management of the organization’s resources in the conditions of constantly changing parameters of the external and internal environment. The purpose of this study is to identify the features of the functioning and development of directions for the development of small and medium – sized agribusiness enterprises based on a project campaign. Materials and methods. In the course of the research, methods of data analysis and formal logic, the methodology of a comprehensive assessment of the development of small and medium-sized agribusiness, comparative analysis and sociological research methods were used. Results. The article presents the current state of innovation activity of Russian organizations, reveals an imbalance, both in quantitative and qualitative parameters of innovations in the field of agriculture. The model of implementation of the strategy of innovative development of small and medium-sized businesses based on the project approach is presented, problems and ways of their solution are identified. A sociological study of graduates of agricultural universities regarding project activities and the introduction of innovations was conducted, on the basis of which conclusions were formulated. The need for the introduction of project-oriented management in the agro-industrial complex of the region is justified. Discussion (Discussion). The results of the study correspond to the proposed hypothesis. According to which, the proposed measures by the actors of regional management based on the project approach will contribute to the effective introduction of innovations in small and medium-sized businesses in the field of agriculture. Conclusions. The implementation of the proposed development directions will contribute to the innovative development of small and medium-sized agribusiness, which is an important factor in improving the competitiveness and economic development of the region.

A Decision Support System for Urban Agriculture Using Digital Twin: A Case Study With Aquaponics

There are many pressures on the global food system such as urbanization, climate change, and environmental degradation. Urban agriculture is an approach to producing food inside cities where, globally, more than half the worlds population live. It has been shown to have a range of potential benefits, for instance in reducing waste and logistics costs. Increased uptake of urban farming can even relieve pressure on the natural environment by reducing the burden of production required from farmland by creating space for it to recover from accumulated damage as a result of the use of unsustainable farming practices historically. This article describes an approach for a new type of decision support system suitable for urban farming production. We discuss differences between the requirements and the users of decision support in urban agriculture, and those of ordinary agribusiness enterprises. A case study is performed using a novel technology for urban farming: a cyber-physical implementation of aquaponics is enhanced with adaptive capabilities using a digital twin system and machine learning. Aquaponics is a farming technique that utilizes a harmonious nutrient exchange cycle for growing plants and fish together, while conserving water, and possibly without the need for soil or even sunlight. Empirical results are provided that evaluate the use of data driven decision analytics and a digital twin model to plan production from the aquaponic system during a three month trial. Another set of results evaluate a proposed modelling framework for large scale urban agriculture ecosystems. This concept forms the basis of the suggested approach for an urban farming decision support system that coordinates the activities of many independent producers to target collective goals.

УПРАВЛІННЯ МЕТОДИЧНИМИ ПІДХОДАМИ ЩОДО АНАЛІЗУ ПОКАЗНИКІВ ІНВЕСТИЦІЙНОЇ ПРИВАБЛИВОСТІ СІЛЬСЬКОГОСПОДАРСЬКИХ ПІДПРИЄМСТВ

The purpose of this study is to assess the current methodological support for the analysis of indicators of investment attractiveness of enterprises and agribusiness projects, identify shortcomings and justify proposals in order to make effective management decisions on the feasibility of investing. Methods of analysis of indicators of investment attractiveness of enterprises, approved at the legislative level, are investigated, their shortcomings are defined. Indicators of investment attractiveness are indicators on the basis of which investors determine the feasibility of investing. In most cases, in order to make effective management decisions, it is customary to conduct a comprehensive analysis. One of the methods of independent inspection of an enterprise or object for investment, based on an integrated approach, is the Due Diligence method. To date, there is no single comprehensive method of Due Diligence. Such verification is carried out by enterprises with the use of foreign practices, with the adaptation of the methodology to the peculiarities of the national business and economic environment, as well as with the use of national methods of analysis and evaluation of enterprises. Having analyzed the methodological support for the analysis of enterprises in Ukraine, we can state that the main criteria for assessing the financial stability of the enterprise are: financial stability, profitability, solvency, creditworthiness, liquidity and business activity. According to the functional purpose, the assessment of agribusiness enterprises has the same methodology as the assessment of enterprises of other sectors of the economy. However, when analyzing the performance of agricultural enterprises, it is necessary to take into account specific objects – biological assets of plant and animal origin, seasonality, climatic conditions, land relations, heterogeneity of equipment and means of production over time. As a result of the study, the method of analysis of investment attractiveness of agricultural enterprises taking into account sectoral characteristics was further developed, including the following indicators: environmental and economic effect, budget effect, social efficiency of the project, efficiency of modernization, efficiency of innovation. The use of these indicators will increase the efficiency of managing indicators of investment attractiveness of investments.

КРЕДИТНИЙИ МЕХАНІЗМ ФІНАНСОВОГО ЗАБЕЗПЕЧЕННЯ ПІДПРИЄМСТВ В АГРОБІЗНЕСІ

At the heart of the economic development of the enterprise is the proper construction of financial relations. The mechanism of distribution and control of financial resources and funds is called a financial mechanism. However, in the structure of sources of financial security lending occupies a leading place, and therefore is an integral part of the financial mechanism. The effect of the credit mechanism of agribusiness enterprises is manifested in the relationship between economic entities and credit institutions (commercial and state banks), credit unions and more. At the heart of each financial security of the enterprise the credit mechanism with accurately defined conditions of formation and use of financial resources takes the proper place.

Obstacles and Performance of Agribusiness Enterprises: Evidence from South-Kivu Eastern Democratic Republic of Congo

The objective of this study is to analyze differences between business obstacles and performance by their location using 92 food and agribusiness firms operating in rural and urban areas. Descriptive statistics, chi-square and analysis of variance are used to evaluate data collected through household surveys. Chi-square test are used to identify relationships between location and enterprises characteristics and business obstacles. Results reveal a less participation of female in ownership and management. Access to finance still the main obstacle faced by all firms. Scarcity of electricity, transportation cost and lack of equipment are perceived as severe and moderate obstacles. The analysis of variance show that urban firms are able generate higher profit margin than rural firms. These results are helpful for policymakers to promote food and agribusiness sector in order to reduce poverty and enable SME growth in Eastern of the Democratic Republic of Congo (South Kivu region).

Analysis of the impact of state support on the efficiency of agricultural production in the context of digitalization in the Volgograd region

The article presents a model for analyzing the impact of state support for agricultural production on the efficiency of enterprises in the livestock sector of the Volgograd region in the conditions of digitalization. The developed model is integrated into the electronic information environment of not only state bodies, but also agribusiness enterprises and allows using software tools to analyze the effectiveness of state support in three main areas: the development of material and technical base, reimbursement of agricultural production costs, and reimbursement of borrowed sources of financing. The result of using the model mechanism is interactive reporting, which provides information to state authorities for the purpose of monitoring the implementation of state support for agricultural production, assessing the completeness of coverage of agricultural enterprises with state support, modeling the amount of financial support to agribusiness enterprises to monitor the implementation of set values of performance indicators, as well as the rapid development of measures to improve performance. The method of distribution of agribusiness enterprises by zones of state support effectiveness is proposed. This method allows the state authorities of the subject of the Russian Federation to develop targeted support measures or change the amount of support financing depending on the level of efficiency of agribusiness enterprises. The analysis of the impact of state support for agricultural production on the efficiency of enterprises in the livestock sector of the Volgograd region.

Financial risks of sustainable development of small agricultural enterprises assessed to ensure national food security

Assessing, monitoring, and managing the financial risks of small agribusiness enterprises under conditions of economic crisis and sanctions is a complex problem. Despite a state support for agriculture, sustainable development of small and medium-sized entrepreneurship in these periods is complicated by agro-economic risks in addition to growing risks of owner’s equity to mitigate the threats to solvency and financial stability, resulting in bankruptcy of small enterprises (SME). The state support mitigates these risks, but the risks do not decrease. Therefore, an important condition for stable and efficient functioning of small agricultural enterprises that considerably contribute to food security and self-sufficiency in Russia is monitoring risks of their financial security, which necessitates methodological approaches to their assessment at the micro level. Despite practical interest of agricultural producers in assessment tools and financial risk management strategies that have a key impact on their overall performance, there is a lack of scientific publications that represent new methods and algorithms for assessing financial risks in agriculture, suitable for practical use by small enterprises. The presented in the article procedure for integrated assessing the total financial risk of sustainable development of small agribusiness enterprises is based on identification and analysis of the risk components and is distinguished by a multifunctional nature and acceptable requirements.