Prospects of providing financial security of agricultural development

Abstract

The political and economic system of Ukraine has undergone significant changes over the years of independence, complemented by the transformation processes of the last decade, which covered all sectors of the national economy. The inconsistency of the reforms that determined the agricultural development in Ukraine, the evolutionary transformation of the international agrarian market, led to the disruption of the efficiency of the industry and threatened its financial security, which necessitated a revision of the state's priorities for shaping the foundations of further successful socio-economic development in the long run. The issue of strengthening the financial security of agricultural development is of national importance, as it involves addressing many key issues of the effective functioning of the existing economic system of the state. The mechanism of formation of financial security of agricultural development should function in accordance with the basic provisions and principles of implementation of the overall security strategy of the state, guided by the tendencies of development of the financial system. The model for enhancing the financial security of agricultural development should include strategic management that enables the security actors to adapt rapidly to the changing environment, undesirable risks and threats, the achievement of financial interests, and the long-term success of agricultural entities in the process of ensuring the financial security of agricultural development. Strengthening the financial security of agricultural development should be pursued through a respective strategy, which is reflected in the model of strengthening the financial security of agricultural development.