Digitalisation of financial activities of the agricultural sector under martial law

Natalia Sirenko, Olha Melnyk, Olena Bodnar, Kateryna Mikuliak and Vadym Spivak

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2025, vol. 32, issue 1

Abstract: The purpose of this study was to analyse the effects of digitalisation on improving the efficiency of financial processes in the agricultural sector under martial law. The study focused on the key technologies contributing to the development of financial processes in agriculture, such as financial technologies, artificial intelligence, blockchain, cloud technologies, and cybersecurity systems. The study found that these technologies not only enable the automation of financial processes but also provide greater transparency and security in financial management, which is critical in times of crisis. The study also examined the specific challenges and risks of digitalisation in the agricultural sector, specifically in the context of data and infrastructure security. The growing dependence on digital systems was found to increase vulnerability to cyber threats, which requires investment in improving protection and risk management systems. Particular attention was paid to the adaptation of digital technologies in the context of war, where the positive outcomes of the implementation of digital solutions for monitoring production processes, data analysis, supply chain management, and production capacity planning were noted. The study also reviewed international practices in the use of digital technologies in the agricultural sector, specifically in countries such as Israel, the United States, Germany, China, and the Netherlands, which provided an opportunity to apply best practices to ensure the stability of Ukraine’s agricultural sector. The study findings demonstrated that the digitalisation of Ukraine’s agricultural sector is a necessary step to maintain food security and economic stability in times of war but also required overcoming considerable challenges such as insufficient infrastructure, human resource shortages, and cyber threats. The conclusions pointed to the need for increased investment in digital technologies and cybersecurity, as well as the development of human resources to effectively use the latest technologies

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2025
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