Improvement of Operational Management of Cash Flows as a Factor of the Growth of Business Activity of Agricultural Enterprises in the Region

DOI

10.2991/aebmr.k.210222.080How to use a DOI?

Keywords

sustainable development of the region, cash flow management strategy, payment calendar, business activity

Abstract

Agricultural production is a risky industry, which is recognized all over the world. In this regard, the state is obliged to form, improve, and implement effective mechanisms to support agricultural producers, primarily financial. Analysis of the situation in the industry of the region indicates a significant reduction in financial support by the end of 2019 by 442 million rubles. This led to a slight decrease in the number of commodity producers, the share of profitable enterprises capable of creating conditions for sustainable economic development of the region. The article is devoted to the study of the process of cash flow management in agricultural enterprises of the Novgorod region as a factor in the growth of their business activity. The study of the regional system of cash flow management in the Novgorod region made it possible to describe its basic principles of operation and form recommendations that can be applied considering possible risks of further development. At present, agricultural producers in the Novgorod Region have not yet developed a fully functioning cash flow management system. An analysis of the existing mechanisms for managing cash flows indicated problems that, ultimately, can lead to cash gaps and insufficient own funds. Thus, in the conditions of not fully formed effective economic mechanisms to support agricultural producers, the unstable situation in international trade, the development of new forms and methods of cash flow management with a focus on the seasonality and cyclical nature of their activities is of particular importance.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - O.S. Kukushina
AU  - N.I. Vinogradova
PY  - 2021
DA  - 2021/02/24
TI  - Improvement of Operational Management of Cash Flows as a Factor of the Growth of Business Activity of Agricultural Enterprises in the Region
BT  - Proceedings of International Scientific and Practical Conference “Russia 2020 - a new reality: economy and society” (ISPCR 2020)
PB  - Atlantis Press
SP  - 404
EP  - 407
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210222.080
DO  - 10.2991/aebmr.k.210222.080
ID  - Kukushina2021
ER  -