scholarly journals Formation of analytical tools of capital reproduction in the agricultural sector of Ukraine

2020 ◽  
pp. 64-79 ◽  
Author(s):  
Olena Lemishko
Keyword(s):  
National Economy ◽  
Financial Stability ◽  
Agricultural Sector ◽  
Value Added ◽  
Capital Formation ◽  
Equity Capital ◽  
Agricultural Enterprises ◽  
Percentage Points ◽  
Total Capital ◽  
Analytical Tools

Purpose. The purpose of the article is to form analytical tools for the capital reproduction in the agricultural sector of Ukraine’s economy for substantiation of management decisions to ensure its continuous recovery, progressive growth of its value on the basis of positive qualitative changes in capital at its optimal structural proportions. Methodology / approach. Such scientific methods were used in the article to achieve the purpose of the research: structural and logical analysis – to form a holistic conceptual approach to research; comparison – to substantiate the peculiarities of the reproduction of capital at the macro level and in the agricultural sector of the economy; statistical method – for processing information that characterizes the value and structural proportions of capital of economic entities in the agricultural sector of the economy. Results. Elaboration of analytical indicators of the passive part of the balance of economic entities of agriculture, forestry, fisheries of Ukraine revealed that there is an increase of equity capital relative to its cost value, but a decrease in its share in the total capital structure, namely a decrease of cost estimate of equity capital relative to borrowed capital occurs 3.5 times more intensely; during 2010–2018, total capital, equity capital and gross value added of enterprises of the national economy of Ukraine, as well as the agricultural sector of the economy showed sustainable growth, but in the agricultural sector of the economy there was a decrease in the share of gross value added in total capital of enterprises that proved the tendency of potential narrowing the sources of ensuring the reproduction of capital; during the study period, the level of real capitalization in the agricultural sector of Ukraine's economy decreased significantly; dynamic changes in indicators of financial stability of agricultural enterprises confirmed that in 2018 agricultural enterprises were able to finance their assets at the expense of equity by only 49 % (in 2001 – 66%), financial stability of agricultural enterprises in 2018 lagged behind the optimal allowable value by 12 percentage points, in contrast to 2001 (exceeding the optimal allowable value by 3 percentage points), which encouraged an increase of financial risks in agriculture. Originality / scientific novelty. Financial diagnostics of cost and structural characteristics of capital of economic entities in the agricultural sector of Ukraine`s economy revealed that in the agricultural sector there is a paradoxical situation: the dynamics of retained earnings growth in the structure of equity capital, accompanied by declining dynamics of equity in the total amount of total capital and narrowing of cost estimates of equity in relation to GDP. It is proved that the formation of optimal proportions of capital is one of the factors ensuring expanded reproduction of capital, therefore, the mechanism of implementation of financial policy of capital reproduction should be aimed at increasing internal sources of capital formation and optimizing the structure of total capital. Given that the agricultural sector of Ukraine with its basic component, farming, is a system-forming component in the national economy and forms the basis for preserving the sovereignty of the state (food, economic, environmental and energy security within certain limits), we assume that further accumulation of negative trends from the perspective of values and structural proportions of capital in the agricultural sector of Ukraine's economy may be the basis for the acquisition of a state of financial fragility in the economic system as a whole. Practical value / implications. To harmonize certain norms of capital formation of Ukrainian enterprises, it is proposed to take into account the «fixed capital system», enshrined in the second EU Directive and to establish at the legislative level the procedure for capital formation for limited liability companies (LLCs): guaranteed real contribution of authorized capital should be at the level of the cost values of net assets of the company; to consider such level as the minimum admissible.

scholarly journals The current state and trends in the formation of intersectoral relations in the agri-food complex of Ukraine

2020 ◽  
pp. 41-54
Author(s):  
O.O. Varchenko
Keyword(s):  
Food Industry ◽  
Agricultural Sector ◽  
Value Added ◽  
Agricultural Enterprises ◽  
Current State ◽  
Percentage Points ◽  
Gross Value Added ◽  
Business Entities ◽  
The Impact ◽  
Food Complex

The article considers the peculiarities of the formation of intersectoral relations in the agro-food complex of the country, taking into account their impact on the creation of value added by type of economic activity. The need to ensure the principle of equivalent intersectoral exchange and components that contribute to the increase of value added has been proved. It is established that during 2010-2018 the value of gross agricultural output in the prices of the reporting year increased 4.6 times, but in comparative prices in 2016 there was an increase of only 1.41 times, which is evidence of the impact of inflation. It is determined that the share of the processing industry in 2010-2018 in the structure of gross domestic product decreased by 5.8%, which is an unfavorable factor in terms of opportunities for value added. There was an increase in the share of agri-food exports in the structure of total exports compared to 2018 by 5 percentage points, the largest increase in supplies of crop products, which occurred due to the imbalance of relations between producers and processors of agricultural products. It is estimated that during 2010-2018 in agricultural enterprises gross value added increased 6 times, in households - 3.4 times. It is substantiated that there is an increase in the volume of unearned gross value added of business entities in the field of agriculture during the study period from the violation of the equivalence of intersectoral relations, which exacerbates the crisis in the industry. It is established that in basic prices the volumes of production of gross value added of the food industry increased for the period of 2000-2018 almost in 1,7 times, and with use of a deflator only by 50%. The growth of the share of GVA in trade in the overall structure of gross value added is proved, which indicates the strengthening of its role in the formation of value added of agri-food. The calculation of the change in the value of airborne forces using the deflator proves a slight increase, which suggests the effect of inflation on the value of the indicator. It is generalized that unfavorable conditions for the formation of gross value added due to inequality of exchange with the food industry and trade have been created for agriculture, which requires the introduction of the process of regulating the formation of gross value added of the agricultural sector. Keywords: intersectoral relations, agri-food chain, value added, agriculture, food industry, trade.

scholarly journals POTENTIAL AND DIRECTIONS OF DEVELOPMENT OF THE AGRICULTURAL SECTOR OF UKRAINE IN THE CONDITIONS OF THE COVID-19 PANDEMIC: CURRENT SITUATION, CHALLENGES AND PROSPECTS

2021 ◽  
Author(s):  
Olha Shulha ◽  
Keyword(s):  
National Economy ◽  
Agricultural Policy ◽  
Agricultural Sector ◽  
Current Situation ◽  
The State ◽  
Agricultural Products ◽  
Purchasing Power ◽  
Food Markets ◽  
Agricultural Enterprises ◽  
The Eu

The state and contradictions of the development of the agricultural sector of the national economy are investigated. Challenges at the micro-, macro- and global levels for the agricultural sector in the context of the COVID-19 pandemic have been identified. It is noted that the main problems for the domestic agricultural sector in a pandemic were: reducing the purchasing power of the population, limiting the functioning of agri-food markets during quarantine, complicating the logistics of agricultural products. It is established that changes in the markets of countries that are major importers of agricultural products from Ukraine (China, India, the EU, Turkey, Egypt) in a pandemic will have the greatest impact on the development of Ukraine’s agricultural sector. It is concluded that among all sectors of the national economy, agriculture is the least affected by quarantine restrictions. It is shown that small and medium-sized farms suffer the greatest losses in a pandemic. The tasks facing agricultural enterprises and the state in the conditions of a pandemic are determined. The strategic directions of agricultural policy in Ukraine are indicated.

scholarly journals On the issue of human capital development in the national economy of Ukraine

2020 ◽  
Vol 11 (2) ◽  
pp. 86-95
Author(s):  
V. Nahornyi ◽  
◽  
T. Kostiuk ◽  
D. Pernykoza ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Human Resources ◽  
National Economy ◽  
Social Protection ◽  
Agricultural Sector ◽  
Human Capital Development ◽  
Social Partnership ◽  
Agricultural Enterprises ◽  
Modern Economy ◽  
Capital Development

Population, man, human resources, human capital are the defining concepts in the consideration of issues related to the functioning of the national economy in modern economic conditions. It is generally recognized that labor activity is the main prerequisite that determines the material and spiritual wealth of man and society as a whole. Therefore, human resources at the present stage is one of the main components of the production potential of management in Ukraine, increasing the efficiency of use and reproduction of which are especially relevant. On the level of efficiency of human resources depends the level of welfare of the population, the development of productive forces, the scale of material production, etc. The development of intellectual productive forces and the strengthening of the influence of innovation and information factors contributes to the formation of a new socio-economic role of man in the modern economy and requires appropriate research. The article reveals the theoretical issues of trends in human capital development, a thorough analysis of the current state of human capital development and its importance in the modern economy. Based on the generalization of different views of scientists, the main stages of human capital formation in the agricultural sector of Ukraine's economy are identified and characterized. The problems of human capital use have been studied and proposals for its improvement have been worked out. It is revealed that the process of reproduction of human capital in agricultural enterprises and its effective use in the conditions of market transformations should be based on the principles of active policy aimed at reviving the economic situation in agriculture; scientific substantiation; development of measures in order to increase jobs and increase the labor needs of agricultural enterprises; improvement of the system of remuneration, social protection of agricultural workers; formation of the mechanism of social partnership, etc.

Evaluation of the impact of institutional and structural changes on the development of the Russian agricultural sector

2019 ◽  
pp. 39-58 ◽  
Author(s):  
Vasily Ya. Uzun ◽  
Nataliya I. Shagaida
Keyword(s):  
Structural Changes ◽  
Agricultural Sector ◽  
Value Added ◽  
Negative Consequences ◽  
Positive Role ◽  
Agricultural Enterprises ◽  
Agricultural Employment ◽  
Agricultural Organizations ◽  
The Impact ◽  
Number Of Individuals

The article analyzes the most important institutional and structural changes in the agriculture of Russia in 2006—2016. The research has shown that the policy of reducing state participation in agricultural enterprises, increasing the concentration of property and management in the hands of a smaller number of individuals, growing share of agricultural organizations and farmers in the production of agricultural products, as well as the state support of agricultural holdings have played a positive role in the development of production. Structural changes in land use and land ownership of agricultural organizations are taking place. An attempt has been made to evaluate these changes. As the research has revealed, structural changes that ensured the growth of production had some negative consequences: the expansion of the activities of agricultural holdings led not only to the reduction in agricultural employment, but also to the decline of the rural population; the owners and managers rather than workers have become the main beneficiaries of the growth of revenues and incomes in organizations and redistribution of value added.

scholarly journals Agricultural entrepreneurship of Akmola region of Kazakhstan on the background of pandemic

2021 ◽  
pp. 123-129
Author(s):  
M. B. Kuandykova ◽  
◽  
L. A. Omarbakiyev ◽  
M. K. Kamysbayev ◽  
◽  
...  
Keyword(s):  
Agricultural Sector ◽  
Public Support ◽  
Value Added ◽  
Agricultural Enterprises ◽  
Steady Growth ◽  
Food Shortages ◽  
Agroindustrial Complex ◽  
Agricultural Entrepreneurship ◽  
Holding Back ◽  
Main Factor

The aim of the study is to study the state of agricultural entrepreneurship in Akmola region of Kazakhstan in the context of the coronavirus pandemic. Objectives – to identify its consequences for agriculture in the region. Results – the ways of combating them, measures of public support of enterprises for sustainable development of the republic's economy are shown. The Covid-19 pandemic has affected agricultural sector, forcing States to close borders. There are also food shortages in other countries such as Europe and North America, as well as a shortage of specialists caused by the emergence of new barriers to cheap labor on farms. Based on the use of economic and statistical method, the data of indicators "The share of gross value added of small and medium-sized businesses in the GRP of the regions of Kazakhstan" for Akmola region for 2019-2020, the structure of operating small and medium-sized agribusiness entities, exports and imports in trade with all States are presented. Based on the analysis, a steady growth was noted in the field of agro-industrial production of Akmola region. The pandemic has affected different sectors of economy in different ways. With regard to food essential goods, such strict restrictions have not been introduced. According to statistics, for the six months of 2021, agricultural production increased by 2.4% compared to the same period last year. Conclusions – as a result of the research, it was determined that in Akmola region the growth of agricultural enterprises was about 13%. This is the highest figure in the last 10 years. During the crisis, agroindustrial complex has become the main factor holding back inflation.

scholarly journals Investment potential of the agrarian sector of economy of Ukraine: formation and development

Ekonomika APK ◽  
2020 ◽  
Vol 308 (6) ◽  
pp. 49-58
Author(s):  
Tetiana Matsybora
Keyword(s):  
Agricultural Sector ◽  
Value Added ◽  
Practical Significance ◽  
Investment Efficiency ◽  
Capital Investments ◽  
Investment Activity ◽  
Agricultural Enterprises ◽  
Gross Value Added ◽  
Analysis And Synthesis ◽  
State Programs

The purpose of the article is to assess the investment potential of the national agricultural sector of the economy and the potential of its development (potential volumes of gross value added, taking into account the real level of investment efficiency) in the conditions of revitalization of investment activity of agricultural enterprises through expansion of their credit and investment potential. Research methods. Methods: dialectical method of scientific cognition, analysis and synthesis, systemic generalization (generalization of definition approaches to the definition of the investment potential of agricultural enterprises and the formation of conclusions), methods of abstraction, comparison and imaginary experiment (in assessing the investment potential of capital investments and potential gross value added in agriculture, forestry and fisheries, taking into account the actual level of investment efficiency). Research results. The approaches to determining the essence of the category «investment potential» are substantiated and the investment potential of the national agricultural sector of the economy is assessed. The potential volumes of gross value added of products in agriculture, forestry and fisheries into account the actual level of investment efficiency in the conditions of credit and investment potential expansion are calculated. Scientific novelty. Based on the generalization of approaches to determining the investment potential of agricultural enterprises, the principles of formation and development of investment potential of the agricultural sector of the economy by expanding the credit component are substantiated. Practical significance. Conclusions, suggestions and practical recommendations can be used in the formation of investment programs and projects in agriculture and the development of state programs for the development of the agricultural sector of the economy of Ukraine. Tabl.: 1. Figs.: 5. Refs.: 14.

scholarly journals FACTORS OF THE INFLUENCE ON FINANCIAL STABILITY OF AGRICULTURAL ENTERPRISES

2020 ◽  
pp. 301-308
Author(s):  
Olena Bazilinska ◽  
Olena Panchenko ◽  
Viktoriia Surovets
Keyword(s):  
Financial Stability ◽  
Agricultural Sector ◽  
Developed Countries ◽  
Agricultural Enterprises ◽  
Current State ◽  
Factors Influencing ◽  
Agricultural Business ◽  
Stability Modeling

The article reveals the importance of analyzing financial stability for the development of agricultural enterprises in Ukraine and improving the country's economy as a whole. Based on the study of the current state of the agricultural sector by the main indicators and their comparison with developed countries, its features and main problems were determined. In addition, the analysis of the main indicators of financial stability for the largest enterprises in the agricultural sector was carried out and the factors influencing their dynamics were determined, as well as forecasting the profitability of the agricultural business using financial stability modeling.

FINANCIAL COMPONENT OF THE FOREIGN TRADE ACTIVITIES INFRASTRUCTURE OF THE AGRICULTURAL SECTOR SMALL BUSINESS ENTITIES

2018 ◽  
Author(s):  
Liudmyla Bakhchivanzhi ◽  
◽  
Oleksandr Barbinyagra ◽  
Keyword(s):  
Foreign Trade ◽  
Agricultural Sector ◽  
Financial Analysis ◽  
Equity Capital ◽  
Net Income ◽  
Agricultural Enterprises ◽  
Credit Guarantees ◽  
The Government ◽  
Business Entities ◽  
Normative Value

The article reflects the results of the study of the financial component of the foreign trade infrastructure formation, taking into account the peculiarities of export entrepreneurship of small entities of the agricultural economic sector. The methodological toolkit of the article is built on the basis of a systematic approach using the financial analysis and abstract-logical generalization of research results. It was revealed that agricultural enterprises currently, according to the World Trade Center, have a significant under-traded export potential due to imperfection and insufficient capacity of the infrastructure to support foreign trade, and measures to form and expand the infrastructure of foreign trade require appropriate financial and investment support. The state of funding sources was analyzed and diagnostics of the financial state of the agricultural sector was carried out in the context of the analysis of the dynamics of indicators of the financial state, for which the normative value is not established and the indicators, the assessment of which is carried out in comparison with the normative value. A tendency towards a decrease in the profitability of assets and equity capital, an excess of the growth rate of accounts payable over accounts receivable, current liabilities over current assets, cost over net income from product sales, as well as a downward trend in financial results from operating activities and net profit are revealed. It was found that the financial activities of agricultural enterprises did not allow them to achieve the required level of their own and borrowed resources to finance the development of foreign trade infrastructure. The institutional factors of the internal and external (international) environment of the foreign trade financial infrastructure formation are analyzed. In order to overcome the existing destructive tendencies, it is proposed to search for foreign markets with higher prices for agricultural products with an orientation to markets with a high under-traded export potential. It is proposed to use the terms of cooperation to ensure accessibility to external sources of financing and innovative financial instruments for small and micro-agricultural enterprises, to directly provide trade financing or credit guarantees by the government.

scholarly journals Comparison of the value added development in the agricultural and food sectors and the efficiency of its creation

2012 ◽  
Vol 49 (No. 1) ◽  
pp. 22-29
Author(s):  
M. Ševčíková
Keyword(s):  
National Economy ◽  
Management Practices ◽  
Agricultural Sector ◽  
Value Added ◽  
Moderate Increase ◽  
Food Sector ◽  
Intermediate Consumption ◽  
Fixed Assets ◽  
Production Area ◽  
Year 2000

The article summarises the results of the analysis of value added (VA) in agriculture and food industry and the share of intermediate consumption in the value added. The results show that during 1993–2000, the Slovak agricultural sector (farming, hunting, forestry and fisheries), where farming is clearly dominant, together with the construction sector, reported the most significant decline in their relative contribution to the overall value added created in the national economy, whereas the contribution of market services increased. The moderate increase (1998, 1999) in the contribution of the food sector to the total value added in the national economy, as well as to industrial production (2000), has been brought to a halt and, eventually, began deflating. The tendency of declining participation of the agricultural sector in value added was also typical for the EU member states and for the CEFTA countries. Agriculture remains dominant in terms of its contribution to value added in the agri-food sector (54.5% in the year 2000). In the category of land-farming holdings, the share of intermediate consumption in value added increased (both in co-operatives and business companies, whether loss-making or profitable). The farmers in mountainous areas spent per 1 SKK of value added 0.65–1.42 SKK more of intermediate consumption than farmers in the maize production area and 0.54–1.32 SKK more than farmers in the sugar-beet production area. In the production of foodstuffs, beverages and tobacco processing, which is more demanding in terms of consumed inputs than agricultural production (the same is true for developed economies), the ratio between intermediate consumption and value added differed depending on the branch concerned. Agriculture was one of the most demanding sectors in terms of fixed asset investments necessary to generate value added. The initial decline was brought to stop in 1998 and the relative share of fixed assets (FA) in value added (VA) started to increase, particularly in the year 2000, mainly under the influence of increased support to farmers’ capital investments. Although the creation of value added in agricultural co-operatives initially demanded more investments in fixed assets than it was the case in farming business companies, the difference narrowed over the time. The group of loss-making entities reported the FA/VA ratios twice as high as the group of profitable entities, which sends a signal to the former to revise the structure of their production and to improve management practices. Similarly as in the case of intermediate consumption, also the FA/VA ratio increased as the production conditions deteriorated. The ratios in the production of foodstuffs and beverages (without tobacco processing) were significantly lower than those in the farming sector. In 1999, the lowest FA/VA ratio occurred in the production of durable bakery products and the highest in the production of fruit and vegetable juices.

scholarly journals MODERN APPROACHES TO RISK MANAGEMENT OF EXPORT OPERATIONS IN THE AGRICULTURAL SECTOR OF THE NATIONAL ECONOMY

2020 ◽  
Author(s):  
Oleksandr Bondarenko ◽  
Keyword(s):  
Risk Management ◽  
National Economy ◽  
Agricultural Sector ◽  
Management Tool ◽  
Futures Contracts ◽  
Financial Risks ◽  
Economic Activities ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Credit Risks

Agriculture is an industry of strategic importance for Ukraine, the development of which is aimed not only at obtaining commercial profits, but also at ensuring food and national security. Agricultural production and its export activities are subject to the influence of uncertainty factors that lead to the emergence of risks in economic activities. These factors determine are: natural conditions, unstable market conditions, political and economic instability. The purpose of the study is to identify the most significant risks in the export operations of agricultural producers and to study modern approaches to their management. The current practice of managing the export business of industrial and commercial enterprises in the scientific literature is widely spread, at the same time in the context of the Silk spirits of food there is a lack of food. In the statistic, the basic principles of the export-oriented enterprises of the national economy of the Silskoy state gift are grounded: logistic, currency and financial, environmental and credit risks.The role of risks in the formation of export strategies of agricultural producers are shown. Stages of management of export operations in the agricultural sector of the national economys by methodology The World Bank are substantiated ARM. Formation of a risk management strategy for export operations in the agricultural sector of the national economy carried out by minimization of financial risks (futures contracts, swaps and options); reducing the risks of entering into contractual relations with insolvent partners. For reduce risks exporters are used insurance services. An enterprise can create reserves for unforeseen costs, predict sectoral (for suppliers) price dynamics, involve suppliers in the company's activities by concluding participation agreements. It is substantiated that the highest risks for Ukraine's export-oriented agribusiness are logistics, monetary, financial, environmental and credit risks. It is shown that implementation of ARM is a modern comprehensive risk management tool for export-oriented agricultural enterprises. Prospects for further research is development of methods for assessing the export risks of agricultural producers.

Sign in / Sign up

Export Citation Format

Share Document