Impact of economic risks on the financial stability of agricultural enterprises

Krasnoyarsk State Agricultural University, 660049, Russia, Krasnoyarsk, Mira 90

^* Corresponding author: dadaelena@yandex.ru

Abstract

This article features a topical research, which is determined by the state of the economic sphere of life of modern Russian society. It focuses on the agricultural economic field of activity represented by agricultural enterprises. In the process of researching issues raised in the article, we have used general and specific scientific research methods, such as observation, analysis and synthesis, deduction and induction. They are what made it possible to identify economic risks that affect the financial stability of economic entities. We have focused on the financial risks of agricultural enterprises. Activities in agriculture are risky, and the growth of agricultural production, financial stability, etc., depends on how subjects overcome economic risks of various types. It is no secret that the growth of agricultural production is largely shaped by export economic operations. Thus, this leads to a drop in domestic consumer demand. Economic risks can lead to financial insolvency of agricultural enterprises. The article focuses on the specifics of the bankruptcy procedure of an agricultural organization. We provide quantitative indicators on declaring a debtor bankrupt by sectors of the economy for 2017 and 2018, including ones for bankruptcies of agricultural enterprises in the Krasnoyarsk region. Using systematic approach, we come to the conclusion about the main problems associated with the financial insolvency of agricultural enterprises.