1. Introduction An integral feature of business activities is economic risk. Risk management, besides following general regularities, possesses sectorial peculiarities. Thus, for agrarian business, specifics consists in direct influence of natural factor on its efficiency. Use of probabilistic approach to evaluation of risk situations is complicated by information deficit and lack of frequency of external and internal conditions in agriculture. Due to that, receipt and effective use of accessible and reliable information plays an important role in risk management. That's why one of the main directions of formation and development of the system of risk management in the sphere of agrarian business is development of the complex of scientific and methodological provisions of its informational and analytical component, which nowadays does not conform to conditions of modern business activities. That's why the main purpose of this research is to build an algorithm of active management of aggregate economic risk in agrarian business, aimed for reduction of probability of negative result of business risk situations by means of substantiated actions for timely adaptation to changing economic conditions, which determined its actuality. 2. Research methods The object of the research--agrarian business structures of Stavropol Krai. The topic of the research is economic risk and its management in the sphere of agrarian business. Theoretical and empirical foundation of the research includes works of Russian and foreign scientists. The sources of information include regulatory acts of the Ministry of Agriculture of Stavropol Krai, statistical and analytical materials of the Federal State Statistics Service, territorial body of the Federal State Statistics Service in Stavropol Krai, Internet resources, and personal observations of the authors. At various stages of the research, comparative, analytical, and statistical methods of risk analysis were used, as well as methods of economic & mathematical modeling on the basis of use of modern computer technologies. For approbation of the offered methodology, financial & economic documentation of agribusiness enterprises and rural municipal entities was used. 3. Research results Risk management can be characterized as totality of methods, means, and measures which allow--with certain probability--forecasting risk events and taking measures for exclusion or reduction of negative consequences of such events and for increase of probability of positive results of risk situations. It should be noted that risk, as inseparable element of economic process, and specifics of measures for influencing it led to risk management being viewed as a separate type of professional activities. The main tasks of businessmen who successfully manage risks are: determination of high risk spheres; evaluation of level of risk; analysis of acceptability of this level of risk for organization (entrepreneur); development--if necessary--measures for prevention or reduction of risk; when risk even has already taken place--taking measures for maximum possible compensation of damage. Specific methods and means which are used during decision making and their implementation under risk conditions substantially depend on specifics of business activities, adopted strategy for achievement of set goals, specific situation, etc. Only with acceptable correlation of feedback and possible losses, entrepreneur should make a decision as to implementation of a risky project. It should be noted that in each specific case, acceptability of the above correlation can be different and depends on many factors--goals and tasks of the project; policy, strategy, and tactics of entrepreneur in the sphere of risk and its property state (Ermasova N.B., 2009). This principle also supposes comparison of the value of possible reduction of losses as a result of the taken measures, aimed at reduction of the level of risk or at transfer of risk to another person, with additional expenses for implementation of these measures. …