MANAGEMENT OF AN AGRICULTURAL ENTERPRISE IN INSOLVENCY

  • Yuri Vadimovich Gorbunov Altai state University https://orcid.org/0000-0002-0731-0939 Email: barnaul-gorbunov@mail.ru
  • Olga Arturovna Povolotskaya Altay branch of the Financial University under the Government of the Russian Federation Email: OAPovolotskaya@fa.ru
DOI_disc_logo https://doi.org/10.14258/epb201957
Keywords: insolvency, bankruptcy, anti-crisis management, solvency, financial stability, financial recovery

Abstract

The article examines the features of agricultural enterprise management in the conditions of insolvency (bankruptcy). It is shown that the liquidation of agricultural organizations often has a destructive nature, leading to a reduction in production, withdrawal of land from circulation, loss of jobs by employees, impoverishment of the village, and not to the improvement of the economy by replacing non-competitive organizations with stronger ones. The main purpose of crisis management in this industry is to restore the solvency of the organization, resolve the contradictions that caused the crisis and bring it to a higher level of development. Feature of management of the agricultural enterprise in the conditions of insolvency is defined by specificity of the reasons which have caused crisis, production potential of the organization, possibilities of its economic development dictated by an external environment. At the same time, both short-term tasks related to the repayment of debts to creditors and long­term ones aimed at the strategic development of the organization are solved. To solve these problems, a detailed plan of financial recovery of the agricultural enterprise is drawn up.

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References

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Published
2020-03-06
How to Cite
1. Gorbunov Y. V., Povolotskaya O. A. MANAGEMENT OF AN AGRICULTURAL ENTERPRISE IN INSOLVENCY // Economics Profession Business, 2020. № 1. P. 49-54. URL: http://journal.asu.ru/ec/article/view/epb201957.
Issue
No 1 (2020): Economics Profession Business
Section
ЭКОНОМИЧЕСКИЕ НАУКИ

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