Development of Agribusiness in Ukraine: Analysis, Evaluation and Audit

Abstract

The article explores the tendencies in the development of the agrarian market of Ukraine. The place of evaluation, analysis and audit of agribusiness, in particular large agriholdings, in ensuring the trust of users of information to their activities is determined. Significance of the agrarian sector for the national economy is proved through the consideration of its share and its dynamics in GDP generation. The average sectoral performance indicators of agribusiness activity in Ukraine in 2017-2019 were analyzed and evaluated. The significance of the negative impact of quarantine restrictions caused by the COVID-19 pandemic on the agrarian market of Ukraine is determined. In addition, other factors hindering the development of the agrarian market in Ukraine during 2015-2020 are examined. The balance of key indicators in the market that is kept between the values of national production, domestic consumption, export and import of agrarian products is researched and the export direction of development of the Ukrainian agrarian market is proved. It is emphasized that there is no shortage of agrarian products on the national market. The article contains a list of the largest farmers in Ukraine in terms of annual income, land bank size and employment activity of the population. In addition, the research determines the high level of investment attractiveness of the agrarian market of Ukraine, and therefore proves the need to conduct an audit of agribusiness to ensure a high level of trust of foreign investors to the actors of the agrarian market. Conclusions have been drawn about the effectiveness of this activity and a prediction for the future is made.