Strategic management of modern financial requirements in agriculture

Abstract

The article addresses the efficient management of current financial needs of agricultural goods producers. The purpose is to review current financial needs of agricultural goods producers and develop tools to coordinate current assets and current liabilities management in agriculture at the regional level. Methods of financial management combined with tools of econometric and statistical analysis provide the basis for analytical review and modeling of current financial needs of agricultural goods producers in the Penza Oblast. The paper generalizes and systematizes financial methods of integrated operational management of current requirements in agriculture. The analysis shows a demand for transforming the elements of the integrated operational management policy. We developed an econometric model of dependence of the basic elements of policy on agrarian business entities. Its description enables to define and coordinate strategic decisions on operational management of current financial needs in the agrarian sector at the regional level. On the basis of obtained functional relations, it is possible to substantiate areas for improving the implemented agricultural policy aimed at additional financial resource mobilization in agriculture.