Improving the financial stability of agricultural producers

Kazan State Agrarian University, 65, Karl Marx street, Kazan, 420015, Russia

^* Corresponding author: mirsharip@yandex.ru

Abstract

The financial stability of agricultural organizations is characterized by the provision of their own financial resources sufficient for stable economic and social development. In the state program “Development of agriculture and regulation of agricultural products, raw materials and food markets” in force until 2025, both in the country and in the Republic of Tatarstan, increasing the financial stability of agricultural producers is a priority goal. According to the results of the research of the author of this work, it has been established that the current liquidity ratio is a relatively acceptable single indicator of financial stability. At the end of 2021, 566 agricultural organizations have introduced production activities in the Republic of Tatarstan. Their share in the volumes of grain produced by all categories of farms was 74%, sugar beet – 87.5%, livestock and poultry – 75.3%, milk - 63.6%, eggs – 77.4%. The average coefficient of their current liquidity is 160%, which is significantly lower than the standard value. This indicator of financial stability depends on internal and external factors. Taking into account the leading role in external factors of state support, the purpose of this study was to study its effectiveness. The results showed that there is practically no connection between the level of financial stability and state support for agricultural organizations. In conclusion, it is proposed that part of the budget subsidies should be tied to the level of their profitability without subsidies as a stimulus to the economic efficiency of production.