Conceptual approach to the organization of financial stability in agriculture

Agriculture is the most important sector of the economy, which is represented in all countries of the world and its development affects two important processes: firstly, providing the population with food and secondly, obtaining raw materials for specific industries. The article highlights the conceptual essence and key characteristics of the definition of “financial sustainability of agriculture”. The systematization of the definitions of the concept and distinctive features of the category “financial stability” has been carried out. It is concluded that this category is applicable to the activities of any economic entity and represents the multidimensional nature of the definition under study. The author’s definition of “financial sustainability of agriculture” is given. The specific features of agriculture, as well as new challenges to the economy, made it possible to give the author’s definition of “financial sustainability of agriculture”. It has been established that the signs of the manifestation of financial stability are measurable, allowing to make a judgment about the degree of financial stability of the industry.

The author believes that the methodological foundations of the coefficient of financial independence of agricultural producers, laid down in Decree № 52 (On financial recovery, 2003), allows using this indicator to make a judgment about the level of creditworthiness and the ability of an agricultural producer to meet its financial obligations.

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