Analytical methods and tools for risk diagnostics in the activities of agricultural organizations

Abstract

Subject. The article addresses risk diagnostics in the activities of organizations of agro-industrial complex in the Astrakhan Oblast. Objectives. The focus is to develop practical recommendations aimed at minimizing the risks of organizations operating in the agro-industrial complex of the Astrakhan Oblast. Methods. The study rests on the analysis of data provided by the State Statistics Service, the Ministry of Agriculture and Fishing Industry of the Astrakhan Oblast and the calculation of indicators based on these data. We apply the indicative method and calculation of integrated index. Results. We analyzed the main socio-economic indicators and diagnosed risks, using a risk map. The indicative method and the calculation of integrated indicator helped specify a low (pre-crisis) level of economic security in the agro-industrial complex for three years under study. To mitigate the identified risks we proposed measures to be taken by the government, like farm business concessional loans scheme, careful selection of creditors and borrowers, support to unprofitable farms, taking into account the WTO rules. Conclusions. The findings enable to analyze the current state of agriculture in the Astrakhan Oblast and develop the areas of risk mitigation in the agro-industrial complex. It is crucial to stabilize the financial condition through stock reduction, improve the supply chain process, the system of warehouses and storage facilities.