Chornobay Larysa, PhD in Economics, Associate Professor, Associate Professor at the Department of Management and Public Administration Higher educational institution «Podillia State University», Kamianets-Podilskyi, Ukraine

ORCID ID: 0000-0001-5122-1485
e-mail: chornobay431@gmail.com

Mushenyk Iryna, PhD in Economics, Associate Professor, Associate Professor at Department of Information Technologies, Physical-Mathematical and Security Disciplines, Higher educational institution «Podillia State University», Kamianets-Podilskyi, Ukraine

ORCID ID: 0000-0003-4379-7358
e-mail: mushenik77@ukr.net

Modern Risks of Agricultural Activity and Methods of Their Leveling

Abstract. Introduction. Agriculture is one of the main branches of material production in Ukraine. The industry provides food, economic, ecological and energy security, ensures the development of technologically related industries, the socio-economic basis of development of rural territorial communities. At the same time, agricultural activity is one of the most risky forms of economic activity. Risk is one of the key factors influencing both the choice of direction of activity, motivation and efficiency of economic activity of any business entity.

Purpose. Formulated and substantiated scientific provisions, conclusions, practical recommendations, strategies and approaches can help to reduce risks in agriculture and ensure more stable and productive operation of agricultural enterprises.

Results. It was determined that the risk of agricultural activity should be understood as the probability that an agricultural enterprise will lose part of its available resources, produced products, lack of profit or the occurrence of additional costs as a result of economic activity. The most common risks affecting agricultural production, its profitability and sustainability are given. It has been found that the impact of war on agriculture can have a number of different aspects, from the direct impact on the cultivation of agricultural crops to the socio-economic consequences for rural territorial communities. The influence of military risks on the sown areas of agricultural crops, the volume of production and export of products, and the economic efficiency of the activities of agricultural commodity producers has been assessed. Strategies and approaches that can help reduce risks in agriculture and ensure more stable and productive operation of agricultural enterprises are proposed, namely: crop diversification; increase of soil stability; use of modern technologies; crop insurance; expansion of grain storage capacities; introduction of own processing; continuous learning and innovation; risk planning.

Conclusions. Risk management in agriculture is a critical aspect of ensuring the stability and efficiency of agricultural enterprises. Climate change, global market trends, increasing competition, technological process, financial challenges, military risks require the search for effective risk management strategies to reduce the impact of negative factors. There is a need for a systematic approach to identify, assess and manage risks in agriculture to ensure its sustainability and development in a changing environment.

Keywords: risk; stability; efficiency; sustainability; diversification; insurance, innovation, risk planning.

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