WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 20, 2023
Analysis of the Financial State and Efficiency of Activities of Organic Producers in Russia
Authors: , , , , , ,
Abstract: Is denoted to the analysis of the financial condition and efficiency of organic producers to assess the potential for the development of organic agriculture in Russia. Methods of comparative and coefficient analysis, estimation of trends in time series, statistical groupings, and studies of the general properties of the sample were used. The source of information was the data of the accounting (financial) statements of organic producers for 2019-2021 from the State Information Resource for Accounting (Financial) Statements of the Russian Federation. Based on the results of the analysis, it was concluded that organic crop production prevails in Russia, although this industry is inferior in terms of financial potential to other areas of agribusiness. The most financially stable and solvent can be called the production of organic livestock products, processing, and canning of organic products. The noted trend is more characteristic of the level of large agricultural enterprises. It should also be taken into account that, in general, only a small part of the enterprises in the analyzed population has reached the standard level of financial stability and performance indicators, which may generally indicate the low financial potential of organic producers in Russia and the need to attract available financial resources from external sources. The novelty of the study lies in the comparative assessment of production efficiency at enterprises of various scales of activity and different specializations in the production of organic products. The practical significance of the study lies in the development of sound proposals of organizational and financial orientation to ensure a realistically achievable increase in the efficiency of organic production in Russia, taking into account the identified resource potential.
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Keywords: Organic agriculture, financial sustainability, business activity, financial condition, crop production. animal husbandry, processing and canning, production development, organic market
Pages: 1916-1927
DOI: 10.37394/23207.2023.20.167