FINANCIAL RISKS IN THE ACTIVITIES OF AGRICULTURAL ENTERPRISES

Abstract

The purpose of the article is to assess the impact of financial risks on the activities of agricultural enterprises in crisis conditions.

The scientific novelty. The influence of financial risks on the results of the company's financial activity is revealed. Among the modern financial risks of the enterprise, the following are highlighted as the most relevant: risk of insolvency, risk of reduced financial stability, inflation risk, currency risk. The subtypes of currency risk are disclosed. Based on the conducted research, the impact of inflation risk on investment income and company assets was determined. It was established that agricultural enterprises do not pay enough attention to the issues of financial risk management. This is due to the following factors: firstly, the lack of finance specialists who could detect, identify, and evaluate the impact of financial risks in the agricultural sector; secondly, a low level of awareness of the impact of financial risks on the results of financial and economic activity and their management mechanisms; thirdly, the concentration of enterprise managers on overcoming production (technological) and natural and climatic risks that are more traditional for agriculture. Therefore, to improve enterprise management and neutralize financial risks, methods of their neutralization are grouped.

Conclusions. When assessing the financial risk that an enterprise can take on and developing methods for minimizing this risk, it is necessary to proceed primarily from the profile of its financial activity, the availability of the necessary resources to implement a financing program for the possible consequences of the risk, relations with partners and consumers, and also it is necessary to take into account the strategy and its main goals. Currently, we are watching how the Ukrainian financial system is facing the most difficult test in its history, and this is a test of its strength by war. As world experience shows, it is possible to survive and win even in a war economy, but this requires solving a number of new tasks. Today, the National Bank of Ukraine fully controls the entire situation of the financial sector and responds to new problems in a timely manner.