Agricultural Enterprises Research Articles

Research on Agricultural Supply Chain Finance Innovation Strategies Based on Blockchain

Comprehensively promoting rural revitalization and accelerating the construction of an agricultural power are important measures for the comprehensive construction of a modern national strategy. Under this strategic guidance, agricultural supply chain finance is particularly crucial as it is vital for the development of small and medium-sized enterprises and farmers. However, ordinary farmers, small and medium-sized agricultural enterprises, and core enterprises all face financing and credit risks throughout the supply chain. These challenges constrain their development and growth. This thesis first analyzes the current development status of agricultural supply chain finance, then identifies the risk issues affecting the development of agricultural supply chain finance through analysis of the relevant entities involved in the practice of agricultural supply chain. Finally, it proposes a solution approach through the innovative strategy of "dual-chain" combining blockchain with agricultural supply chain finance to address these problems. This thesis provides theoretical support for the development of agricultural supply chain finance and offers practical significance for the innovation research of agricultural supply chain finance under blockchain technology.

LAND AND PROPERTY RESOURCES OF AGRICULTURAL ENTERPRISES IN THE SYSTEM OF THEIR RESOURCE POTENTIAL

The article is devoted to the justification of the organizational and economic principles of management and rational use of land and property resources and the determination of the principles of their effective combination based on the study of modern determinants of the development of the resource potential of agrarian enterprises. The meaning and role of property resources in the activity of agricultural enterprises are revealed, and their components and importance for ensuring the technical base and efficient production processes are defined. It is substantiated that the modernization of the technical park and the improvement of technological processes help to ensure the competitiveness of agricultural enterprises, reducing costs and increasing the quality of products. Land and property resources are defined as the basis of the resource potential of agrarian enterprises, and their proper management and continuous improvement are critical factors of enterprises' sustainable development in the modern conditions of the market environment. The need for a complex approach to managing land and property resources, which considers the specifics of the industry, regional features, and modern trends, has been proven. A comprehensive approach to effectively managing agricultural enterprises' land and property resources is considered. The importance of developing development strategies, implementing advanced technologies, and improving staff qualifications is substantiated. It is noted that strategies such as crop rotation, agroecological monitoring, energy efficiency, and digitalization can be used to optimize the use of resources. These measures contribute to increasing the efficiency of agricultural enterprises in modern conditions. It is established that the context of the land use management system should pay special attention to the basic principles crucial for its effectiveness. Scientific approach, objectivity, economic justification, availability of feedback, consideration of regional specifics, and differentiated application to different types of land stand out among the main principles.

FEATURES OF BANK LENDING OF AGRICULTURAL ENTERPRISES IN MODERN CONDITIONS

The specifics of providing loans to agricultural enterprises in Ukraine have been studied. The largest volume of loans received by farmers in 2024 by region under various programs was considered. It is proposed to resume crediting for agricultural producers in the territories close to the war zone. Unique and beneficial for agricultural borrowers lending programs developed by banks that actively lend to agricultural producers are considered. An important aspect of the work is taking into account the impact of military actions on the financial condition of the agricultural sector, in particular on credit provision, as well as proposals for improving the credit system and increasing the efficiency of state financing of agricultural producers. The main problems of the agricultural sector of Ukraine are substantiated, taking into account the full-scale military aggression of Russia against Ukraine.

CLASSIFICATION OF DIGITALIZATION OF PRODUCTION AND BUSINESS PROCESSES

The digital transformation of enterprises is impossible without the digitalization of their business processes. A business process is a chain of actions that leads to the creation of a product or the provision of a service. It is the basis of any enterprise. In order to develop scientific knowledge about business processes, it is necessary to constantly analyze information, group it or systematize it into a single whole. This will improve the performance of enterprises and successfully carry out digitalization in every industry, including the agro-industrial complex. The article proposes a classification of digitalization of production and business processes by areas of implementation and types of process optimization. In particular, the types of production process optimization are considered in the agro-industrial complex. The main results are that for the first time a classification of digitalization of production and business processes, including in the agro-industrial complex, has been developed. To form the classification, the scientific works and textbooks of scientists in the field of business process digitalization management were used. Digitalization enables small companies to create new products and bring them to market quickly. It allows to transform business, create completely new forms of entrepreneurship, modernize the entire society, and move to its digital form. In order to make a management decision on the digitalization of business processes, it is necessary to analyze the existing business processes of an enterprise. The introduction of digitalization at enterprises improves business processes that increase the competitiveness of products. The transition of agricultural enterprises to e-agriculture can be ensured by the use of modern digital technologies, such as computers, servers, websites that allow the transfer and receipt of information on the agricultural sector and markets for agricultural products, raw materials, etc. The classification makes it possible to delineate production processes and constantly improve them, because a business process is a sequence of actions that result in the creation of a new product, service or analysis of employee performance.

Учетная политика как основной инструмент оптимизации налоговых платежей в компаниях агрохолдинга

The features of taxation of agricultural enterprises are considered. The characteristic features of an agricultural holding as an object of taxation are listed. The necessity of tax optimization in the companies forming it is justified. The possibilities of accounting policy from the point of view of tax optimization are considered. It is proposed to improve the methodological elements of accounting policy for the purposes of tax optimization of agricultural holding companies.

Информационно-аналитические инструменты системы экологического менеджмента в агропредприятиях

Abstract. The purpose of the study is to develop information and analytical tools for the environmental management system. The tasks that were solved during the study: 1) an analysis of approaches to the content of environmental management and its legal regulation was carried out, 2) the structural elements of the blocks of the environmental management system were formed, 3) a methodology was proposed for assessing the significance of the environmental aspects of the activities of agribusiness organizations as an analytical planning tool with the environmental management system, 4) tools for monitoring and assessing the level of environmental safety are proposed. The main research methods were analysis and synthesis, monographic, calculation-constructive, scoring, expert assessments, and accounting. During the research process, data from scientific and methodological literature on thematic works, statistical information from the Federal State Statistics Service and the Ministry of Agriculture of the Russian Federation, as well as data from analytical reports and reports were used. When developing methodological approaches to improving environmental management tools, the positions International Organization for Standardization (ISO); UN Commission on Sustainable Development (CSD); United Nations Environment Program (UNEP) were taken into account. The scientific novelty lies in the development of methodological approaches to planning actions in organizations of systemic environmental management of the agro-industrial complex in accordance with the Deming cycle, as well as improvement of technologies with scientific processes of documentation procedures. Results. Generalized approaches to the content of environmental management; a methodology for assessing innovations in environmental aspects at an agricultural enterprise has been developed and tested as a planning tool with an environmental management system; proposed management accounting document(s) necessary for the application and assessment of environmental risks and safety in agricultural organizations.

Societal perceptions of aquaculture: Combining scoping review and media analysis

AbstractAquaculture has been recognised for achieving multiple United Nations Sustainable Development Goals; its further growth depends on understanding, and responding to, societal perceptions in a broader context. Thus, this study aims to understand societal perceptions of aquaculture through a scoping review and media analysis. A scoping review identified 151 academic studies for inclusion in our five identified research clusters: (1) social acceptability, (2) growth and development, (3) media coverage, (4) sustainable aquaculture, and (5) consumer perceptions. Further, newspaper articles (n = 100) were sampled from the United Kingdom, Denmark, France, Spain, Turkey, and China; elsewhere all articles identified were included (Poland, 79; Hungary, 29; India, 70). The findings suggest that scientific and newspaper articles tend to present sustainability aspects in a simplified form. Key stakeholder groups include fish farming enterprises, civil society, governmental officials, scientists, and business leaders both within aquaculture value chains (retailers/wholesalers, technology industry) and outside of them (fisheries, tourism). Also, other stakeholders included the public (indigenous groups, residents, consumers). The stakeholder groups perceived aquaculture differently and depending on the circumstances and context, their perceptions ranged from positive to negative. Many factors influenced their perceptions, including aquaculture's impact on multiple sustainability dimensions, knowledge, transparency, personal interests, types, and location of aquaculture practises, regulations, experience, and sociodemographic characteristics such as age, gender, education, and income. We recommend that aquaculture practitioners focus on context‐specific multifaceted strategies—prioritising transparency, communication, and accountability—and provide essential knowledge to ensure that societal perceptions of aquaculture are based on accurate, empirical information.

Agricultural manufacturers taxation in the context of food security: environmental and economic aspects

The article examines the state, problems and prospects of taxation of agricultural producers. An analysis of the structural elements of the tax policy was carried out. The tax burden is calculated in relation to net profit, the area of agricultural land and arable land. The shortcomings of special regimes of taxation of domestic agricultural enterprises are identified. Directions for improving the mechanism of taxation of agricultural producers have been developed. The functioning of agricultural producers should provide for various state supports in the fiscal sphere, including the provision of certain tax benefits. The relationship between the taxation of agricultural enterprises and the effectiveness of their activities in the context of ensuring the food security of the State, as well as the environmental aspects of taxation, in particular the impact of taxation on the stimulation of environmentally friendly production and the use of land resources, have been studied. Recommendations have been made on improving the taxation system of agricultural commodity producers in order to increase food security and preserve ecological stability. The authors analyzed tax rates, benefits and burdens related to agricultural enterprises, which affect their financial situation and development. The article highlights the main aspects that determine the taxation of agricultural producers, and also takes into account modern trends and prospects in this area. The study helps to understand the complex aspects of taxation that affect agriculture, and also highlights possible ways to optimize the tax burden to support the sustainable development of the agricultural sector and draws attention to possible strategies for optimizing tax payments for agricultural producers aimed at increasing their competitiveness and sustainability in changing conditions market. Effective management of agribusiness is possible only under the condition of stability and predictability of tax legislation, which ensures the optimal tax burden on enterprises. The specificity of the agricultural sector requires special approaches to the taxation of business entities in this sector of the economy. Therefore, the problem of forming an effective system of taxation of the activities of entrepreneurial structures in the agrarian sector of the economy, including in order to ensure the appropriate level of food security of the state, is becoming actualized. Such measures consist in creating a favorable tax environment that promotes the development of the agricultural sector, increasing its production potential and increasing its contribution to the country’s economy.

Evaluation, mechanism and policy implications of the symbiotic relationship among rural digitization, agricultural development and farmer enrichment: evidence from digital village pilots in China

Digitization is becoming the key to achieving rural revitalization, and there is a complex inter-active relationship with farmer enrichment, and agriculture development, making it highly valued by governments around the world. Quantitatively evaluating the symbiotic relationship between rural digitization, farmer enrichment, and agricultural development, and reveal the driving mechanism behind them, which can provide evidence for the rural government, agricultural enterprises, and relevant stakeholders. This paper conducts an empirical study of 84 digital village national pilots in China based on coupling coordination model and geographically weighted regression, with focus on the spatial characteristics, symbiotic relationship and driving mechanisms of the pilots. The symbiotic relationship between rural digitization, farmer enrichment, and agriculture development has significant heterogeneity, with most of the pilots in coordination state. The driving mechanism of rural digitization, farmer enrichment, agriculture development, and symbiotic relationship were complicated, with significant heterogeneity and synergy in the driving forces of different factors, and special attention should be paid to spatial effects (the nature and intensity of regression coefficients in local regions) in the policy design and implementation. It is worth noting that population aging mainly plays a negative role, while industrialization, government support, resident capacity plays a positive role. The other factors play both positive and negative roles. Income gap between urban and rural residents, population aged 65 and above, financial self-sufficiency are the most critical factors. We suggest developing differentiated management policy, accurate management policy, and integrated management policy, which can provide a basis for digital village and smart village planning, construction and management in China. In view of the significant differences in rural digitalization and its driving mechanisms in different pilots as shown in the study, it is necessary to design differentiated spatial policies according to local conditions, to design accurate management policies based on the driving effects of key single factors, and to design integrated development policies by taking into account the interactive effects of multiple factors.

Oraganizational and economic principles of the formation of production activities of agricultural enterprises in the field of pig breeding

Oraganizational and economic principles of the formation of production activities of agricultural enterprises in the field of pig breeding

Features of the accumulation of pollutants in plant feed and their translocation into the milk of cows

One of the sources of toxic substances entering the human body may be a valuable food product as milk. The intensity of exposure of ecotoxicants to milk of cows is determined by a number of factors, among which the main one is feed. The purpose of the research was to study the characteristics of the accumulation of heavy metals and radionuclides in plant feed, and their translocation from rations of cows into milk. The research was carried out in agricultural enterprises of the Shchuchansky district of the Kurgan region. In order to obtain the most complete information about the degree of contamination of the studied objects, the area was divided into fi ve zones taking into account the geographical location such as northern (Peschanskoye village), southern (Sukhoborskoye village), western (Beloyarskoye village), eastern (Petrovskoye village) and central (Chumlyak village) zone. The content of heavy metals in the feed and milk of cows was determined such as copper, zinc, cadmium, lead and radionuclides such as strontium-90 and cesium-137. The features of the accumulation of heavy metals and radionuclides depending on the type of feed as well as the dependence of the concentration of toxic substances in the ration on their amount in feed have been established. Regression equations have been calculated to predict changes in the concentration of heavy metals and radionuclides in the daily ration depending on their content in feed. The coeffi cients of translocation of heavy metals and radionuclides from the ration into the milk of cows during the stall and pasture periods were determined, which showed the absence of a connection between the presence of ecotoxicants in feed and milk. The maximum degree of contamination of rations was observed in the northern zone. The dependence of the concentration of toxic substances in the ration on their amount in feed has been established. No relation was found between the content of heavy metals and radionuclides in the rations and milk of cows. As the toxicity of the ration increased, the transfer coeffi cient of ecotoxicants decreased. During the pasture period, the transition coeffi cient was higher than during the stall period. The obtained research results would make it possible to regulate the intake of toxic elements into livestock products by selecting the components of the ration.

Utilizing Advanced Agricultural Technology for Sustainable Agribusiness Development: Case Studies and Future Directions

The rapid growth of the global population and pressures on natural resources complicate efforts to meet the world’s food needs sustainably. In this context, advanced agricultural technology becomes crucial in optimizing production and maintaining environmental sustainability. This article presents case studies on the utilization of advanced agricultural technology in the development of sustainable agribusiness. Using a descriptive analysis approach and case studies, this article explores various technologies including IoT, artificial intelligence, robotics, and sensorics used in the agricultural sector. Through literature review and empirical data, this article illustrates the benefits of these technologies in enhancing productivity, efficiency, and agribusiness sustainability. The presented case studies provide insights into the implementation of advanced agricultural technology in various geographical contexts and types of farming enterprises, ranging from small-scale farming to large industries. Furthermore, this article discusses the challenges and opportunities associated with the adoption of these technologies and their implications for future sustainable agribusiness development. A better understanding of the integration of advanced agricultural technology can help address global food security issues and strengthen farmers’ economic resilience. By highlighting recent research findings and future development directions, this article provides a comprehensive view of how advanced agricultural technology can be a key driver in developing sustainable agribusiness. Future research can further deepen understanding of the effectiveness of these technologies and identify more efficient implementation strategies to achieve sustainable development goals in the agricultural sector.

Reforming the structure and models of privatization

The article is devoted to the monitoring of the economic situation in Ukraine, the activities of control bodies and the coverage of approaches to reforming the ownership structure based on privatization processes. The analysis of the situation occurring in the field of privatization characterizes their complexity, which is caused by the state of war and instability in the state, the spread of illegal possession of state property and other destabilizing factors used by the structures of the aggressor country to achieve their own goals. The need for further localization of shadow privatization schemes is determined by the growth of the share of foreign capital in strategic sectors of the economy and in critical infrastructure facilities, which is one of the greatest modern threats to the economic sphere of Ukraine, which is dangerous for the economic independence of Ukraine. In the framework of stabilization privatization, the need to take into account not only national legislation, but also international norms, in particular the provisions of the OECD Declaration «On International Investments and Multinational Enterprises», which deals with the national regime, conflicting requirements for corporations and international investments, which should be applied in current conditions and in the post- war period of Ukraine. In this regard, it is worth defining a state body that will competently and competently manage Russian assets that are subject to sanctions and that will be transferred by partner countries after they are unfrozen for the restoration of our state according to the standards of sovereign funds or national welfare funds. Post-war privatization should contain an evolutionary basis and attention to national assets, especially in basic industries and relatively non-renewable resources that belong to the citizens of Ukraine. Thus, a clear balance is necessary between the needs of the country in the person of its institutions and the rights and freedoms of a person and a citizen, which are guaranteed and narrowing of their content is not allowed when adopting new laws or making changes to existing laws. It is worth preserving the foundations of Article 41 of the Constitution of Ukraine, which stipulates that everyone has the right to own, use and dispose of their property, and no one can be unlawfully deprived of the right to property, which is inviolable and guaranteed by Article 1 of the «First Protocol to the Convention on the Protection of Human Rights and fundamental freedoms». Thus, the design of the future privatization should also take into account the elements of the historical privatization part, which began with the recognition of Ukraine’s independence and is regulated by the provisions of the Decree of the President of Ukraine «On the procedure for allocating lands transferred to collective ownership to agricultural enterprises and organizations» dated August 8, 1995 No. 720, which are still in force today remain relevant in view of today’s challenges (focusing on threats to food security) and sometimes require the intervention of regulatory and law enforcement agencies, since without the past there is no future.

Navigating the contradictory dynamics of production and social reproduction in collectively owned agricultural enterprises in South Africa's land reform

AbstractThe paper explores how beneficiaries of South Africa's land reform programme attempt to navigate the contradictory dynamics of production and social reproduction in collectively owned agricultural enterprises. The Mphuzanyoni Communal Property Association in KwaZulu‐Natal province farms with commercial beef herds and the Mayime Cooperative in the Eastern Cape province is engaged in a joint venture dairy farming scheme in partnership with an agribusiness firm. Severe tensions are evident between the social reproduction of households and the requirements of simple or expanded reproduction of agricultural enterprises. Bernstein's concept of competing ‘funds’ is used to examine struggles over production and reproduction on the farms, in which members of socially differentiated households contest divergent visions for the collective enterprises. Conflicts centre on how labour and capital should be mobilised, how income and other benefits in kind should be distributed to households and whether or not income should be invested for purposes of simple or expanded reproduction of the enterprise. Challenges of governance are rooted in these conflicts rather than in group ownership as a form of property right.

Factors affecting access to finance for small and medium-sized agricultural enterprises in Vietnam

This study explores the financial accessibility challenges faced by small and medium-sized enterprises (SMEs) in Vietnam's agricultural sector, a critical component of the national economy. This study reveals the various obstacles that hinder small and medium enterprises (SMEs) from accessing financial assistance. It highlights the need to have a thorough comprehension of how factors such as financial infrastructure, government laws, risk management, market connections, and financial literacy impact SMEs' ability to access finance. The research suggests that enhancing financial literacy, along with developing a solid financial infrastructure and supportive government policies, is crucial for SMEs. It highlights the importance of tailored banking services, strategic government actions, effective risk management, and integration into market linkages to improve SMEs' financial inclusion. The findings advocate for a holistic approach to address these challenges, offering insights for policymakers, financial institutions, and stakeholders in the SME ecosystem. The study offers practical guidance for enhancing the economic resilience of agricultural SMEs in Vietnam and other developing economies. It proposes strategies to strengthen financial infrastructure, support policies, and promote financial literacy. This study contributes valuable insights to both academic research and practical applications.

A Social Life Cycle Assessment as a Key to Territorial Development: A Study of the Hydrangea Crop in Colombia

Studying the social dynamics and development potential of agricultural enterprises is fundamental to promoting sustainable territorial growth. This study aims to assess the impact of growers of small and medium-sized hydrangea crops in the Colombian province of La Paz through a social life cycle analysis (S-LCA), shedding light on their fundamental roles as catalysts for regional development. For this purpose, the prioritization of actors and performance indicators is conducted following the methodologies proposed by the United Nations Environment Programme (UNEP) and the Global Reporting Initiative (GRI). Social variables are identified using the subcategory assessment method (SAM) to strengthen and assess indicators of low and high performance. Sixteen subcategories are qualitatively assessed, with 56% falling short of performance benchmarks, 25% meeting the benchmarks, 13% exceeding the benchmarks with proactive behavior, and 6% having potential with effort. Priority areas were identified as local employment and economic development contributions. This study highlights the significant impact of hydrangea production on territorial development, emphasizing the need to improve social security and health conditions for workers. Environmental actions to reduce agrochemical use are also advocated. This study proposes transforming the social life cycle analysis into an opportunity to evaluate actors’ performance and their contribution to territorial and sustainable development. It emphasizes the importance of assessing social impacts, ethical implications, and community relations throughout the crop value chain, with governance being a crucial aspect for territorial development. This study advocates the integration of these analyses into farm operations, serving as a benchmark for similar assessments across various agricultural activities.

Improvement of the organizational structure of management agricultural enterprises according to the principles of the market economy

The materials of the scientific publication define the role of marketing principles in the organization of the management structure of agricultural enterprises in the production process. The works of domestic and foreign scientists devoted to the efficiency of agricultural production, the service sector and the market were analyzed. When conducting research on the state of the organizational structure of management of agricultural enterprises based on the principle of marketing, general scientific research methods were used, in particular: a monographic method to identify the problem of adaptation of agricultural enterprises to the market environment, a method of comparative analysis to study the possibilities of adaptation to the market of agricultural enterprises of different sizes, an abstract-logical method with its methods of generalization analysis and synthesis and the method of induction and deduction for the formation of generalizations, conclusions and propositions. A system of the organizational structure of management of agricultural enterprises was established in accordance with marketing principles. The state and further development of the management structure of agricultural enterprises is determined. Presented are topical issues of forming the implementation of agrarian policy in the field of organizational structure of socio-economic and social-labor relations. The optimal system of labor organization in social and labor relations based on the principle of humanization of labor, which offers wide independence to the production enterprise, has been revealed. The conditions that determine the direction of all production and marketing activities of agricultural enterprises, which are based on the principles of marketing are analyzed. All activities of the agricultural enterprise are subject to this concept. The tactics of the marketing concept of an agricultural enterprise, based on the use of defensive and offensive positions, are also proposed. Appropriate conclusions were made that reflect the assessment of the financial condition of agricultural sector enterprises and offer the most effective method of marketing policy activation, which provides an opportunity to obtain more information about the activities of agricultural enterprises, conduct its analysis, and formulate specific proposals for production.

Peculiarities of investment and innovation potential in the assessment of the development of agribusiness enterprises

Three main criteria of investment-innovation potential of agricultural sector enterprises are identified: investment-innovation potential is a set of resources necessary for investment-innovation activities; investment and innovation potential is primarily related to the possibility and conditions (both internal and external) of using resources; investment and innovation potential should be aimed at the optimal use of investment and innovation resources to ensure the effective operation of this development subject. This allows for the identification of resource, organizational, economic and performance components that are key components of investment and innovation opportunities. A step-by-subject characterization of the investment-innovation potential of agro-industrial complex enterprises and a methodology for assessing the investment-innovation potential have been developed, which allows to qualitatively assess the investment-innovation potential of agricultural and processing enterprises (including special groups of indicators that take into account the specifics of their activities) and evaluate and compare them among themselves. It is proved that the inactivity of agricultural commodity producers in mastering the achievements of science and technology is due to the lack of a developed intermediate connection between science and production, which provides the most complete information about the modern achievements of science and technology to producers of raw materials. According to the results of the conducted research, it was established that at the current stage of development in domestic agriculture, the main subjects of innovative infrastructure can become agricultural technology parks and information and consulting centers, which are part of a single information and consulting service. Considering the peculiarities of the domestic agro-industrial complex, it is considered most expedient to create an agro-technological park in the form of a non-commercial partnership, which will contribute to the integration of multifaceted resources. organizations, mainly highly efficient agricultural commodity producers and educational establishments of higher education institutions, capable of carrying out innovative activities to achieve a common goal - innovative development of the agrarian sector of the economy. Agrotechnoparks should be created based on the product base, that is, their activities should be aimed at innovative development of agricultural production and the development of certain types of products. Agrotechnopark can be considered as a set of administrative, production, educational, research and marketing divisions.

Improvement of financial management tools of agricultural enterprises

Financial management of agricultural enterprises, like any other direction of managerial activity, is a complex system consisting of many interdependent elements that collectively determine the financial stability of the subject. The authors defined the principles of financial management in the system of management activities: the principle of complexity after the adoption of management decisions, the principle of variability of approaches to the development of management decisions, the principle of dynamism of management decisions, the principle of compliance of management decisions with the strategic goals of the enterprise. It has been established that the main goal, the achievement of which is aimed at managerial decisions within the framework of financial management, is to guarantee the financial stability of agricultural enterprises based on the organization of the competent distribution of financial resources, their use and movement, and that at the current stage of the development of economic relations, an important factor in increasing the competitiveness of agricultural enterprises enterprises are using digital products that allow automating the management system of business entities. It was found that in order to increase the efficiency of the financial management system, agricultural enterprises need to improve financial resources management tools, one of which is the implementation of the Enterprise Resource Planning System (ERP-system), which automates management activities. The use of such software products will allow: at the enterprise level – to improve the general financial condition and timely neutralization of threats capable of weakening the financial stability of entities; at the level of the national economy – to guarantee the financial security of the state. Improving the financial management system of agricultural enterprises based on the implementation of the ERP software product will allow to increase the effectiveness of management decisions in the field of financial resource management and, accordingly, significantly strengthen their financial stability.

Attracting investments through crowdfunding platforms as a method for agro-industrial enterprises to enter the international market

Since agriculture is an important sector of the Russian economy, the problem of lack of capital in this sector is still relevant. The article shows that in the era of digital technologies, new sources of fundraising are emerging in the agro-industrial complex. Crowdfunding is one of such modern sources of financing in the world practice which is able to significantly expand the basis of the investment pyramid of the agricultural sector. In the course of the study, a review of domestic and foreign literature on this method of raising funds was conducted. General scientific methods were used: observation, comparison, measurement, analysis and synthesis, the method of logical reasoning, and specific scientific method of static analysis. A critical review of domestic and foreign practice has shown the main advantages and disadvantages of attracting financing through crowdfunding platforms. Also, as a result of the conducted research, it was found that this way of attracting investments not only solves problems of financing the agricultural sector, but is also a successful method for agricultural enterprises to enter foreign markets. In the era of innovative finance, this article contributes to the growing literature and initiatives to introduce and develop crowdfunding in the agri-food industry.