Risks of managing financial resources of the agricultural sector of Ukraine in the zone of military conflict: Challenges, threats, ways of counteraction

Oleh Semenenko, Uzef Dobrovolskyi, Serhii Vasylenko, Maria Yarmolchyk and Vitalii Tarhonskyi

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2024, vol. 31, issue 3

Abstract: This study was aimed at identifying the risks that affect financial management in the agro-industrial sector of Ukraine during military operations in order to develop effective countermeasures. The research methodology included an analysis of the main risks, such as exchange rate fluctuations, inflation, disruption of supply chains and political instability, as well as an assessment of strategies to minimise these risks. The main stages of risk management are identified as identification, assessment, and monitoring of risks, as well as development of appropriate strategies, such as investment diversification, insurance, and hedging. The study results showed that the key factors for ensuring stability are the introduction of technological innovations, government support, creation of reserve funds and diversification of funding sources. In particular, the development of modern agricultural technologies, subsidies, soft loans and investments in infrastructure significantly increase the resilience of the agricultural sector to crisis conditions. It is also important to plan cash flows to maintain liquidity and meet financial obligations in a timely manner. The experience of several countries, such as Israel and Georgia, which have faced similar challenges, was reviewed and analysed to see how they managed the financial resources of their agricultural sectors. The experience 75. of these countries has shown that successful management of the financial resources of the agricultural sector in the context of military conflict requires a comprehensive approach that includes technological innovation, government support, financial planning and human capital development to ensure sustainable development of the agricultural sector in times of war. This approach allows not only preserving but also developing the agricultural sector, ensuring food security and economic stability of Ukraine

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 2024
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