Ukrainian agricultural production profitability issues

Abstract

The research relevance is predefined by the need to find ways to increase the profitability of agricultural production in the difficult economic conditions of Ukraine. The research aims to analyse the profitability of agricultural production, influencing factors and determination of directions for its improvement. The methodological approach is based on the analysis of statistical data on changes in production profitability; method of average values – to obtain the average value of indicators; comparison method – to compare data on profitability and productivity between types of products; graphic method – to display the results; method of generalization – for summarizing information about agricultural production. The main results that were obtained within the scope of this study should cover the analysis of the profitability of agricultural production by its types and crop yield and regions of the country in the conditions of the impact of negative factors on the agricultural sector during the period of martial law (in particular, the reduction of land suitable for agriculture, blocking many ways to sell products, complicating the supply of mineral fertilizers and other goods necessary for the functioning of the agrarian sector) and highlight directions for increasing profitability, namely increasing the yield of certain types of crops; reduction of feed costs for feeding animals by growing feed and electricity production efficiency through the use of renewable energy sources (sun, wind, biomass energy); development of pig meat production by increasing their population and quality of nutrition; creation of added value from products obtained by the producer on his own land, which will contribute to increased profitability and successful development of agriculture. Analysis of the supply and demand balance of grain and leguminous crops showed that their production exceeds the need for consumption of all types of grain. The results and conclusions have practical significance for agricultural producers in business management, as well as for the government in developing areas of support for the agricultural sector

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“…The extensive digitization of the national agricultural sector assumes a crucial role in guaranteeing robust food security. The assurance of regional food security stands out as a fundamental prerequisite for supplying the country's populace with dependable food and agricultural products (Shahini et al, 2023). Studies indicate that fortifying economic resilience significantly hinges on securing food security through the advancement of the agricultural sector.…”

Financing of Ukrainian agricultural enterprises: Correlation-regression analysis

“…Without them, it is impossible to meticulously organize the processes of creation, operation, and development of each business entity. Shahini et al (2023) analysed the profitability of agricultural production, influencing factors and determining areas for its improvement. Financial results and their sources of financing are directly one of the factors that affect the profitability of an agricultural enterprise.…”