Bodnar Olena, PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-0152-4290
e-mail: bodnaroa@mnau.edu.ua

Semeniuk Anastasiia, Applicant of Higher Education, Accounting and Finanсe Faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0009-0000-7373-0627
e-mail: a.semeniuk2002@gmail.com

Formation of Financial Resources of Agricultural Enterprises

Abstract. Introduction. For the successful operation of an agricultural enterprise, management must pay due attention to all directions, among which an important aspect is the financing of the organization’s needs. The financial condition of the enterprise directly depends on the creation of sufficient resource provision, which necessitates the diversification of funding sources. Among the key tasks of managing financial resources is determining the optimal ratio between the formation of own and borrowed capital, as well as ensuring their effective use.

Purpose. The purpose of this study is to identify the features of the formation of financial resources of agricultural enterprises in permanent conditions.

Results.  The article examines the formation of financial resources of agricultural enterprises. The concept, essence, characteristic features, peculiarities of financial resources in agricultural enterprises are considered. The types of financial resources are presented, the factors affecting the financial support of the company’s financial resources are determined.

It is noted that financial resources affecting the production activity of agricultural enterprises ensure its continuity, which is directly achieved due to the synchronization of the formation of financial resources and their effective use, which makes it possible to achieve maximum profit.

It has been proven that the assessment of the level of financial resources of an agricultural enterprise, the search for sources of their formation, and planning are important for strategic management decisions and transformational changes in agricultural enterprises.

Conclusions. Financial resources play an important role in the functioning of agricultural enterprises. The composition and size of financial resources largely depend on the efficiency and scale of production, at the same time, the availability of appropriate amounts of resources and their effective management are the key to the growth of industrial and economic development. The formation of the necessary funds and capital for production activities requires the availability of sufficient financial resources. An increase in the specific weight of an agricultural enterprise’s own funds has a positive effect on financial and economic activity and ensures the sustainability of its development.

The formation of financial resources of agricultural enterprises is closely related to the peculiarities of agricultural production, which affect the organization of these processes: seasonality of costs and income, a long production cycle and high risk, require specialized approaches to financial management. To ensure the stability and competitiveness of agricultural enterprises, it is necessary to take into account both the objective factors of the circulation of financial resources and the subjective aspects of managerial influence. Effective planning, strategic management and adaptation to the specific conditions of the agricultural sector are the key to the successful formation of financial resources, which will contribute to the sustainable development of agricultural enterprises and increase their financial stability.

Keywords: agricultural enterprise, financial resources, formation of financial resources, sources of financing, structure.

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