Market Component of Economic Security of Agricultural Sectors

Abstract

Market transformations modify the development of the agricultural sector and the possibility of uninterrupted operation in a market environment. At the same time, the subjects of the agricultural sector are subject to the potential destructive impact of risks that may threaten the profitability, solvency and have negative consequences for consumers of agricultural products. Under such conditions, strengthening the economic security of the agricultural sector is the basic principle of economic development. However, in the context of market transformations, there is a need to deepen research to assess the market component of economic security, as the latter is designed to protect against market errors, shortcomings in product and sales policy, as well as incorrect choice of pricing strategy. The research used methods: monographic, logical modeling, calculation-constructive, graphic, dynamic analysis, etc. The purpose of the article is to study the level of the market component of economic security of the agricultural sector and identify areas for ensuring its optimal level. An analysis of indicators and factors influencing the market component of the economic security of subjects of the agrarian sector was carried out. It was established that the level of the market component of economic security of subjects of the agrarian sector of the national economy and subjects of the agrarian sector of the Mykolaiv region during 2016-2020 was low. It is proven that increasing the level of the market component requires the subjects of the agrarian sector to develop and implement directions for improving the mechanism of managing the market component of economic security. An assessment of the level of the market component of the economic security of the subjects of the agricultural sector was carried out using the PESTEL-analysis based on expert assessments, and it was established that in the block of threats, the greatest number of points are economic (unstable exchange rate, difficulty of entering the market, “tinization” of the economy) and legal (insufficient legal justification of the market component of economic security) factors. Such threats are successfully leveled, as the change in the characteristics of doing business, the introduction of initiatives to stimulate access to markets, as well as the development of the legal framework for the market component of economic security will contribute to the transformation of threats into opportunities for growth