Enterprises Of Agro-industrial Complex Research Articles

Of the country's agro-industrial complex enterprises of insurance status and development prospects

Of the country's agro-industrial complex enterprises of insurance status and development prospects

Необходимость таргетирования рентабельности активов и собственного капитала на предприятиях АПК

The article clarifies the relevance of the implementation of targeting the return on assets and equity capital for enterprises of the agro-industrial complex. In the long term, the return on assets should exceed the price of debt capital, and the return on equity should exceed the inflation rate. Compliance with these rules will allow sector of the economy to exist and develop. The purpose of the work was to substantiate the need and clarify the specifics of targeting the return on assets and equity capital at the enterprises of the agro-industrial complex. The reasons for the need to target the considered indicators are determined: a high level of inflation, risk, the cost of borrowed capital, as well as the presence of a conflict of interests between managers and owners of enterprises. Ignoring the interests of the owners of the agro-industrial complex enterprises and their exclusion from real business management can cause an outflow of capital from the industry. Targeting return on assets and equity should be carried out complementary to the current planning at the enterprise. Despite the fact that the ultimate interest of business owners is to maximize the return on equity, this indicator should be targeted simultaneously with the return on assets, since achieving the target on the latter will allow using financial leverage and optimizing the amount of equity capital. The currently relevant values of the target of return on equity of agribusiness enterprises are 22%, return on assets - 20%.

Economic risks in the activity of agro-industrial complex enterprises in conditions of import substitution

The scientific article is devoted to the study of economic risks in the activities of enterprises of the agro-industrial complex in the context of import substitution. The purpose of the scientific research is to identify critical risks in the activities of enterprises of the agro-industrial complex in the context of import substitution and to substantiate possible measures to level them. When preparing a scientific publication, general scientific (observation, comparison, measurement, analysis and synthesis, the method of logical reasoning) and specific scientific methods (static analysis, peer review, graphical method, Foresight's "4 worlds" method) were used. Results: the critical risks for the normal functioning of agro-industrial enterprises are: 1) the occurrence of a shortage of seed material; 2) raw material dependence of manufacturers of plant protection products against pests; 3) the critical dependence of the Russian agro-industrial complex on the import of feed additives and vaccines aimed at realizing the genetic potential of animal breeds; 4) degradation of the genetic fund of biological assets bred in animal husbandry with insufficient experience in genetic modeling and domestic selection; 5) technological dependence of the digitalization of business processes in the agro-industrial complex on technology transfer and a decrease in innovative activity in agribusinesses. The main efforts to resolve the existing risks are: active support for domestic seed producers through the provision of tax incentives and other regulatory preferences; creation of a national standard for the formation and storage of data - Big GeoData, which will become the basis for the formation of the domestic market of digital agricultural technologies; creation of full-fledged domestic productions based on gaining access to technologies for the creation of plant protection products and tracking the latest developments by

ADAPTATION OF BUSINESS MODELS FOR THE DEVELOPMENT OF UKRAINIAN AGRICULTURAL ENTERPRISES TO THE CURRENT ECONOMIC CHALLENGES

Purpose. The aim of the article is to analyse the state of the agro-industrial complex and substantiate the directions for the adaptation of business models for the development of agrarian enterprises in Ukraine during the military challenges. Methodology of research. The theoretical and methodological basis of the research is the scientific works of leading scientists and businessmen-practitioners in the agricultural sector of Ukraine. In the research process, the following general scientific methods were used: comparison method – for the study of business models of the development of subjects of the agro-industrial complex; analysis and synthesis – to analyse the state of development of agro-industrial complex enterprises; abstract and logical method – for expressing one's own assumptions and formulating conclusions, graphic method – for visual illustration of the dynamics of the development, losses and damages of the agricultural sector. Findings. It was concluded that the formation of an adaptive business model should take into account both the internal and external factors of the functioning of an agricultural enterprise in conditions of Russia's military aggression in Ukraine. The indicators of the development of the field of crop production, as one of the structural factors in the country's economy, as well as direct losses and indirect losses in crop production and livestock production caused by the war, were analysed. It was found that a feature of the agro-industrial complex of Ukraine is the presence of a significant share of agricultural holdings and farms and personal farms in it. It was emphasized on the fact that the war had caused additional negative aspects of the functioning of the agroholding model of the Ukrainian agricultural industry, in particular, the breakdown of logistics chains, environmental disasters at the livestock complexes of agroholdings, the blocking of sales markets showed the low adaptability and inability of such enterprises to respond in time to the challenges of wartime. Originality. The features of business models adaptation for the development of agrarian enterprises, taking into account both direct and indirect losses due to Russian aggression, have gained further development. The comparison of the modern models of the functioning of the agro-industrial complex in Ukraine made it possible to identify the disadvantages of the agricultural holding model and to propose the directions for state support for the development of the farming business model in conditions of modern challenges. Practical value. The results of the study can be used for the analysis and adaptation of business models of agricultural enterprises in the war and post-war period. Key words: agro-industrial complex, plant breeding, livestock breeding, business model, adaptation, farms, agricultural holdings.

Стратегічна модель розвитку підприємств агропромислового комплексу

With the start of hostilities, Ukraine and the world found themselves in a new reality in which all previous models, laws and developments do not work. During the severe trials, domestic farmers faced a number of problems: power outages, damage and destruction of agricultural infrastructure and machinery, fixed exchange rate, blockade of ports and restrictions on land routes. The article identifies the main challenges and problems of the agricultural sector caused by military actions in Ukraine. The challenges faced by the agricultural sector require new approaches and models, rapid adaptation to new conditions, transformation of activities and focus on the main task – survival. The development and implementation of an effective strategic development model, being a perspective-oriented stage of ensuring economic security, becomes the basis for acquiring long-term competitive advantages, and therefore remains an urgent problem and is the main goal of this study. The success of the strategic model of the development of enterprises of the agro-industrial complex largely depends on the validity of measures to respond to changes and expectations of the market in the short term, that is, on the effectiveness of strategic management and the implementation of a system of measures to ensure the most rational use of strategic resources, the identification of reserves and the appropriate level of economic security. It is proposed to identify and neutralize threats to the activities of agro-industrial complex enterprises within the framework of a program-target approach, which involves: identifying the source of threats, evaluating and developing program-target measures aimed at neutralizing possible threats, analysis of the degree of importance of threats, economic evaluation of planned measures, development of a strategic development model enterprises of the agro-industrial complex.

АМОРТИЗАЦИОННЫЙ КАПИТАЛ КАК ОДИН ИЗ ИСТОЧНИКОВ ФОРМИРОВАНИЯ СОБСТВЕННЫХ СРЕДСТВ ПРЕДПРИЯТИЙ АПК

One of the most significant economic indicators characterizing the resource potential of an agro-industrial complex and influencing the level of efficiency of production processes is a high level of fixed assets. The specificity of agricultural production lies in its high dependence on natural and climatic factors, which has a negative impact on the investment activity of the industry. Consequently, for the implementation of reproduction processes, agricultural enterprises are forced to use their own sources, one of which is depreciation capital. In the course of the study, the following were used: a system method, analysis, analogy, synthesis, observation, modeling, abstract-logical and economic-statistical. In the course of the study, a definition of depreciation capital was given, as well as the place of depreciation capital in the structure of the capital of agribusiness enterprises was determined. The concept and essence of the depreciation policy of agro-industrial complex enterprises are given, the factors influencing its implementation are indicated. The reasons for the refusal to create and use depreciation capital by agricultural enterprises in modern economic conditions are determined and the positive aspects of the functioning of the depreciation policy at agribusiness enterprises are given.

EVALUATION OF THE ECONOMIC EFFICIENCY OF RESTORATION OF DRAINAGE SYSTEMS IN THE HUMID ZONE OF UKRAINE: MAKING INVESTMENT DECISIONS

Approaches to assessment of the economic effectiveness of restoring drainage systems in the humid zone of Ukraine are substantiated. A conceptual scheme has been developed that determines the stages of evaluation, sources of the input array of information, strategic orientation, and invariance of restoration projects, provides for considering a number of risks and limitations of a systemic and non-systemic nature when evaluating the project effectiveness of strategic alternatives. The basis of the evaluation is the results of the analysis of materials regarding the technical condition of drainage systems, the restoration of which in the drainage area is carried out according to two options: modernization of working (on an area of 1311,2 thousand ha) and restoration of non-working (on an area of 1962,9 thousand ha) drainage systems. In the calculations of restoration (modernization) costs, the results of a preliminary assessment of the cost of restoration work for various types of drainage systems (drainage, drainage-humidification, polder, and water circulation systems) were used based on the reduced costs for restoration of the intra-farm and inter-farm network, which were adopted in the "Strategy of Irrigation and Drainage ..." [27]. The economic indicators of the production of agricultural crops economically attractive to farming producers (grain corn, sunflower, rapeseed, soybean) were calculated under the conditions of their production before and after the implementation of the project of restoration (modernization) of drainage systems. The application of the traditional scheme for projected indicators calculating, at which the discount rate was defined as the weighted average cost of capital (WACC), is substantiated. Taking into account the specifics of drainage system restoration (modernization) projects and their duration, the weighted average rates for long-term loans and deposits (risk-free) for legal entities, taking into account the inflation component and the value of equity capital of agro-industrial complex enterprises, were chosen as the discount rate for the preliminary pre-investment analysis. Based on the calculation of the project effectiveness of the restoration (modernization) of drainage systems using the scenario approach according to the consolidated option for determining the payback of investment costs, it is proved that the options at the discount rates r1 (for 2021) and r2 (for the beginning of 2022), as well as the discount rate for the equity scheme, they give positive indicators of the investment project, which indicates the expediency of its implementation and economic efficiency. The internal rate of return for the three options shows a sufficient margin of safety (24–26%). The most economically expedient is the option with a source of financing from the equity capital of agro-industrial complex enterprises, for which the non-discounted (RR) and discounted (DPP) payback terms are 3,4 and 4,7 years, respectively.

Gaming Computer Technologies in Safety Training at the Agro-Industrial Complex Enterprises

Introduction. The topic under consideration is updated by official domestic statistics, according to which more than a third of employees work in harmful and dangerous conditions. During the production process, people get injured and maimed, lose their ability to work. Dozens of fatal incidents are recorded at workplaces every year.The purpose of the study is to show the advantages and prospects of the introduction of gaming computer technologies in the training of workers in labor protection in the agro-industrial complex (AIC).Materials and Methods. The scientific literature devoted to the educational possibilities of digital gaming solutions is considered. In relation to the topic of this study, the potential of a number of computer games, virtual, augmented and mixed reality technologies is evaluated. The well-known and commercially available gaming software is considered in relation to the topics and objectives of occupational safety training. The strengths and weaknesses of this approach are noted.Results. The paper shows how to prepare for the introduction of gaming computer technologies into the occupational safety training system. In particular, it is necessary to identify and systematize the causes of accidents and injuries at work, to focus on industry (in this case, the most typical for agriculture). Special attention should be paid to organizational risks, because if they are neglected, personnel will work in initially dangerous conditions and high- quality training may be useless. The approaches to the organization of training, conducting classes, checking and consolidating knowledge are considered. Digital gaming products that have proven themselves in occupational safety training in various industries, including the agro-industrial complex, are presented. Variants of such training are considered. The use of digital gaming technology tools for the qualitative development of safety techniques, the formation of safe behavior skills and motivation to prevent injuries is justified.Discussion and Conclusion. The results of the work allow us to assert that gaming computer technologies can be successfully used for teaching occupational health and safety in agriculture. This approach has serious advantages in terms of organization, visibility, cost-effectiveness and safety. Certain disadvantages of the method are likely to hinder the widespread implementation of such solutions in occupational safety training at agricultural enterprises for some time. However, in the medium term, it is possible to predict the solution of the identified problems due to the development of the digital games market, virtual technologies and the development of domestic analogues.

Scientific and practical aspects of personnel strategy formation at agro-industrial complex enterprises

Scientific and practical aspects of personnel strategy formation at agro-industrial complex enterprises

THE ROLE OF AGRO-INDUSTRIAL ASSOCIATIONS IN INDUSTRIAL AGRICULTURE

The subject of the study is agroindustrial associations and their role in the industrial agriculture of Ukraine. During the study the following research methods were used: empirical, theoretical methods, as well as observation, analysis and synthesis. The purpose of the study is to analyze the state of the enterprises-participants of agro-industrial associations to identify positive or negative trends in the sustainable development of their activities and to provide suggestions for their further effective development. The relevance of the topic is confirmed by the need to ensure food security of Ukraine, which can be supported primarily by enterprises of agro-industrial complex. The study analyzed the volume of products produced by agricultural enterprises and compared the size of the costs of agricultural production and the amount of net profit of enterprises. It was concluded that the sustainable development of agro-industrial enterprises has declined. To improve these indicators, the authors proposed a number of measures that would help enterprises to get out of the pre-crisis state, namely, state support in various manifestations. The study "Support for Agrarian and Rural Development" within the framework of the project of the United States Agency for International Development (USAID) was also taken into account. The study examined in detail the external and internal negative factors affecting on the activities of agro-industrial associations.

КАПІТАЛЬНІ ІНВЕСТИЦІЇ ТА РОЛЬ ДЕРЖАВИ В РОЗВИТКУ АГРОПРОМИСЛОВОГО КОМПЛЕКСУ УКРАЇНИ

The article proves that in the modern period of management, any economic activity is associated with cyclical dynamics, which is directly related to investment activity. Therefore, one of the tasks of the state regulatory policy is to stimulate the economy in times of recession not only through government spending but also investment in priority areas. Given that, we should understand that the agro-industrial enterprises play a key role in the economic development of the state, so the urgent task is to assess capital investment in the agro-industrial complex, and determine the role of the state in investing. Based on the analysis of scientific literature sources, it was determined that the role of the state in this process, from the standpoint of regulatory activity, according to the authors is to conduct quality economic and socio-political reforms that will overcome market monopolization, shadow economy, corruption, judicial and law enforcement systems. Regarding the agro-industrial complex, it is necessary to take measures to stop agrarian raiding, development of agricultural infrastructure, state support of farms, etc. According to the results of the analysis, it was concluded that in 2019 at the enterprises of agro-industrial complex, in contrast to the whole economy, were a in a significant reduction in funding for capital expenditures. In the long run, this may lead to cyclical fluctuations in the industry, which is undesirable. The scientific novelty of this work is the further development of the methodology for assessing the investment of enterprises of the agro-industrial complex of Ukraine on the basis of intersectional comparative analysis, which in contrast to the existing substantiate the priorities of state support of enterprises of main and auxiliary activities.

ВИРОБНИЦТВО БІОГАЗУ ЯК НАПРЯМ ПОЛІПШЕННЯ ЕКОЛОГІЧНОЇ СИТУАЦІЇ ВІННИЦЬКОЇ ОБЛАСТІ

The article is devoted to the study of ecological and economic impact of biogas production at enterprises of Vinnytsia region. The efficiency of biogas production at distilleries and livestock complexes has been studied. It is determined that the creation of appropriate biogas complexes at the enterprises of agro-industrial complex will allow to provide the corresponding advantages, and the state stimulation through preferential crediting on the corresponding projects will accelerate this process. The expediency of creating biogas plants at the existing capacities of Vinnytsia region is substantiated, which will allow to produce almost 60 million m3 of biogas, which will not only reduce the environmental impact but also minimize the cost of alcohol production. It is determined that the greatest environmental impact on the environment is currently exerted by livestock waste. It has been studied that in Ukraine the issue of utilization and safe processing of waste from the production of poultry farms, pig farms and cattle farms is quite acute. On the other hand, the processing of organic livestock waste (alone or in combination with agricultural waste) can be considered as the most advanced technology, as the processing of biogas waste in specialized plants will significantly reduce environmental impact and has a significant economic advantage in decentralized green energy production. It is determined that the implementation of biogas projects can have a socio-economic effect, when the heat from cogeneration plants can be directed to hot heat and water supply for heating schools and office buildings. The ecological effect of biogas production is ecologically safe processing of organic waste from processing enterprises of agro-industrial complex and by-products of animal origin, due to the process of biomethane production. It is proved that in the conditions of privatization of distilleries this way will become quite economically feasible for new owners. It is determined that a set of measures to modernize alcohol and sugar factories, livestock complexes of Vinnytsia region will improve the environment by minimizing water pollution, processing of organic waste and provide agriculture with high quality biofertilizers.

Development and research of an information-measuring system for quality control of agricultural products

The article presents the result of an information-measuring system development for quality control of agricultural products based on the assessment of their moisture content, chemical composition, presence of organic and mineral impurities. It also substantiates the relevance of the use of such systems by the agro-industrial complex enterprises. The proposed information-measuring system is based on the author's dielcometric method for determining the electrophysical parameters of capacitive sensors, the principle of which is to decompose the measuring process into two stages. The study of this method was carried out using simulation modeling in the SimInTech environment, while custom operational amplifier blocks and sample-and-hold circuit were built. As a result of the operational amplifier model research, graphs of the dependency of the output voltage on the change in the integration time constant and amplification gain were plotted, on the basis of which the optimal values of these quantities were selected. Studies of the constructed models of the first and second measurement stages using the proposed method showed a high accuracy in determining the electrophysical parameters of capacitive sensors filled with agricultural products, with a relative error not exceeding ±0.2%.

On the question of projects prioritization of the agroindustrial complex enterprises

On the question of projects prioritization of the agroindustrial complex enterprises

Import Substitution in the Agro-Industrial Complex: Implementation Mechanism and Development Prospects

The problems and prospects of the import substitution policy continue to be a strategic priority for the development of the Russian economy. This is due to the presence of imports of certain types of food, which pose a threat to the food security of the territory and the infringement of national interests of the country. The current state support of the agro-industrial complex is aimed at increasing agricultural production in order to ensure import substitution. All this determines the need to improve the process of supporting the agro-industrial complex, create favorable conditions for the effective development of rural areas, increase the financial stability of agricultural producers, ensure a sufficient level of their profitability, create and develop a full-fledged production infrastructure. The purpose of this study is to consider the mechanism for the implementation of import substitution in the agro-industrial complex and possible prospects for its development in modern conditions. The article presents an overview of the existing interpretations of the “import substitution” concept which made it possible to indicate the author’s position regarding the studied phenomenon. The mechanism of import substitution is manifested in the unity of its component mechanisms: organizational and economic, which in turn include certain forms, methods, tools. The potential for further development of the agro-industrial complex import substitution mechanism is represented by the following directions: expansion of grant financing of agro-industrial complex enterprises, the list of targeted preferential short-term lending, strengthening of tax incentives, implementation of projects based on public-private partnership.

Entrepreneurship in agricultural sector: international practice

The goal- at present there is no clear concept for the long-term development of infrastructure of agro-industrial complex in the republic, and the degree of support for agricultural sector is inferior to the level of advanced countries, which may lead to a restriction of the population's access to quality food. Methods - abstract-logical, monographic, sociological survey, economic-statistical, analytical. Results - the best world practice of rural entrepreneurship was reviewed. The experience of farmers of the Russian Federation, economically developed countries of the EU, Eastern Europe, advanced Asian States, including Japan and South Korea, is presented. It is indicated that the main condition for preservation and multiplication of the achievements of the AIC of the Republic of Kazakhstan is the socio-economic growth of rural settlements. The authors focus on the issue of ensuring food security - one of the main tasks of the economy of each country, the key areas of implementation of which are public support for agricultural sector, improving the quality of life of rural residents. The activity of agricultural producersis analyzed, problems of development of agribusiness in these countries and Kazakhstan are reflected, recommendations for their solution are presented. Conclusions - the following basic factors contributing to the formation and expansion of entrepreneurship in agro-industrial production are highlighted: improvement of the regulatory and investment base; business management, which implies transformation of the structure and advanced training of specialists of enterprises of agro-industrial complex, as well as the heads of peasant (private) farms. Access to markets is a serious problem for small and medium-sized enterprises in agricultural sector, which has a significant impact on the sphere of agricultural production and processing of agricultural products. The research results can be used in the development of measures to support SMEs in agricultural sector at the regional level.

СОВЕРШЕНСТВОВАНИЕ ФОРМИРОВАНИЯ ВНУТРЕННЕЙ УПРАВЛЕНЧЕСКОЙ ОТЧЕТНОСТИ О МЕЛИОРАТИВНЫХ РАБОТАХ

In modern conditions, the objective necessity for the functioning of agro-industrial complex enterprises is the maintenance of management accounting and the formation of internal management reporting. The latter contains information that is used by the organization’s management to make informed operational and strategic management decisions. However, when developing the format for internal reporting, problems arise with determining the set of indicators necessary to assess the effectiveness of the financial and economic activities of the enterprise. The purpose of the research is to substantiate theoretical provisions and develop practical recommendations for improving the formation of internal reporting on reclamation work. The use of the approach proposed in the work makes it possible to create a system of accounting and analytical information for solving organizational, economic and production problems arising in the process of functioning of agricultural enterprises. Within the framework of the study, the following internal management reports were proposed: “Main directions and estimated volume of capital investments in reclamation work”, “Sources of financing for reclamation work”, “Assessment of the economic efficiency of reclamation work” and “Indicators characterizing the production and technological process of reclamation work”. The use of the proposed forms makes it possible to preliminarily assess the need for financing, the volume of the proposed reclamation work and production on the reclaimed land; compare the actual level of indicators with the planned, assess the degree of implementation of the plan and characterize the measures to achieve the set goals; to assess the commercial efficiency of reclamation investment projects from the point of view of an agricultural producer as the only participant in the project, and also to characterize the production technological process for the implementation of reclamation works

The optimization of the filter compensating devices parameters choice at the enterprises of agro-industrial complex

The optimization function of the filter compensating device has been determined, the purpose of which was the possibility of the harmonic distortion factor minimizing, the arguments of which are the power of individual filters. To analyze and compare the efficiency of the filter compensating device, quality indicators measurements of the electrical energy at an agricultural machine-building plant were made. Using the developed methodology for the filter-compensating devices optimal parameters calculating in the Mathcad software environment, the parameters selection and determination of two options of filter-compensating devices were made. According to the calculations, it was found that for the object under study, the most optimal, effective and economical device is a filter compensating one with a narrow-band filter tuned to the 5th harmonic and a wide-band filter of the 3rd order tuned to the 7th harmonic.

ОСНОВНЫЕ ПРОБЛЕМЫ ПРОИЗВОДСТВЕННОГО ВЕТЕРИНАРНО-САНИТАРНОГО КОНТРОЛЯ НА ПРЕДПРИЯТИЯХ АПК

The article describes the problems of production veterinary and sanitary control of raw materials and products at meat industry enterprises in the light of modern requirements of science and market economy. The authors discuss ways to increase the effectiveness of state veterinary and sanitary supervision in all areas of production of animal products. Particular attention is paid to the training and retraining of veterinary specialists in veterinary expertise. There is a need to increase the level of knowledge and professional experience in the inspection work and to realize responsibility for the results of activities in any area of production. Additional vocational training was recommended for private entrepreneurs and owners of enterprises engaged in the processing and sale of animal products on sanitation and hygiene in the production workshops of enterprises of the agro-industrial complex. Practice shows that veterinary doctors with only good training in all issues of input, operational and output control, who have undergone additional professional training 210 in special programs, can effectively carry out vetsanexpertiza at various facilities. To do this, it is necessary to develop and approve a unified program for certification of veterinary specialists for the whole country, taking into account the peculiarities of servicing various industry enterprises. The development of such a program should be entrusted to experienced workers of industry universities, research institutes and vetsanexpertiza laboratories. It should reflect the theoretical training and practical activities of veterinary specialists at meat producing plants, sausages and canneries, refrigerators and in state vetsanekpertiza laboratories at markets and fairs. If the problems of the State Veterinary Control at the agro-industrial complex enterprises are not solved today, then the situation of production hygiene and veterinary and sanitary control of raw materials and finished products will later require significant legislative and legal adjustment, high financial costs and improved standards of relations between food producers and their consumers. State veterinary control of raw materials and products is the basis for food security of the population.

The mechanism of introduction of the system of management of expenses at the enterprises of agro-industrial production

The article highlights the key problems of effective cost management at the agro-industrial complex enterprises. The conceptual model of effective interaction between elements of the cost management system is provided and the algorithm of implementation of the cost management system at the agro-industrial complex enterprises is justified. The article unfolds the specifics of the arrangement of management accounting as a key element of the cost management system at the agricultural enterprises and presents the optimal system of accounts of management accounting and their interaction with the accounts of classical management accounting. The issues of development of internal standards of the cost management system at the agricultural enterprises and the concept of cost accounting by responsibility centres are highlighted. The task of such accounting is rather assistance in the arrangement of self-control of managers than control itself. Therefore, the main purpose of accounting for the responsibility centres is to assist management staff at various levels in compiling reports on the implementation of budgets (plans, programs, projects) and evaluation of performance. The article draws attention to the importance of classifying the costs of agroindustrial complex enterprises both for the assessment of stocks and determination of the financial result, as well as for management decisions and control. A large focus is concentrated on the peculiarities of calculating the cost price of agricultural products as one of the factors of production efficiency. The importance of establishing a system of budgeting and monitoring the implementation of budgets is emphasized. Finally, it is noted that the cost management process is reduced to such basic types of analytical work as the allocation of responsibility centres, cost classification, arrangement of accounting, cost planning and costing.