RISK MANAGEMENT IN AGRICULTURE: ACCOUNTING AND ANALYTICAL ASPECT

Abstract

Enterprise risk management enables agricultural organizations to anticipate risks that could affect productivity and performance and take the necessary steps to minimize adverse factors and maximize competitive opportunities. Obtaining reliable risk information enables in resource-constrained settings to assess overall resource needs, prioritize resource use, and improve resource allocation. In addition, the viability of an organization in the medium and long term depends on its ability to anticipate and respond to changes, not only for stable functioning, but also for progressive development. This determines the relevance of the study, the task of which is to analyze and study the prospects for building a risk-based accounting, monitoring and management system. The risk management systems of a number of agricultural organizations in two agro-oriented regions were studied: the Rostov Region and the Altai Territory. The logic of the study consisted in a consistent and interconnected consideration of the problems of the functioning of agriculture in the regions; threats of violation of the economic security of organizations in the analyzed industry; issues of organizing an information system that meets the tasks of risk management; methods and strategies of risk management in agriculture. The authors concluded that it is necessary to transform the accounting and analytical system of agricultural organizations. The main direction of this transformation is the integration of strategy development, management methods and management accounting tools. The measurement of the underlying performance factors and the organization’s response to risk generate strategic opportunities and key competitive capabilities for agricultural organizations.