Technical and Economic Security as a Part of Sustainable Development of Agricultural Enterprises of Ukraine

Oksana Perkhach

Rural Areas and Development, 2016, vol. 13, 10

Abstract: Issues of economic security both regarding country and enterprise level are very acute under conditions of globalisation. Ukraine has a high agricultural potential: fertile land, suitable climate, favourable geographical location and others. However, there are factors that hinder the development of agriculture in this country. These include threats of technical and economic security. As a result of agrarian reform in Ukraine, the property of former collective farms passed into the ownership of private businesses. Technical equipment and other means of production were not modernised or repaired because of financial problems in many agricultural enterprises. As a result, farmers lost significant crop yields, which was reflected in low profitability of financial and economic activity. Market development of agrarian sector requires new approaches to technical support of agricultural enterprises. Modern agricultural producers need physical capital that provides high productivity, energy frugality and usability. The main purpose of this study is to explore the current status of technical and economic security of agricultural enterprises in Ukraine and to recommend ways of its improvement.

Keywords: Agricultural Finance; International Development; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ags:erdnra:276098

DOI: 10.22004/ag.econ.276098

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