Mechanisms of formation and support of the economic security of agricultural business subjects

Abstract

The topic of economic security of enterprises in the agrarian sector, in particular global instability, climate change, unstable market conditions and growing competition, has gained significant relevance in the conditions of modern challenges. The article examines the mechanisms of formation and support of the economic security of agrarian business entities, for example, organizational, financial, legal and informational measures that allow ensuring the stability and stability of an agrarian enterprise on the market. Under the influence of economic and political instability, there is a need for enterprises to ensure the economic security of agricultural enterprises and to protect them from external and internal threats. It was noted that a reliable mechanism of economic security should include preventive measures, such as analysis and monitoring of threats, development of crisis response scenarios, as well as flexibility in resources, which will allow the enterprise to effectively adapt to rapid changes in the external environment. Based on the conducted research, the article highlights practical recommendations for the formation of an economic security system that takes into account the peculiarities of the agrarian sector and contributes to the long-term sustainability of the enterprise. Economic security is the state of an enterprise in which it flexibly responds to existing threats and risks to economic activity on the basis of: conducting constant monitoring of the impact of destabilizing factors, ensuring the effective performance of current economic tasks, fulfilling obligations and solving development tasks. In economic security, special attention should be paid to the financial part, which means protecting the enterprise from external and internal influences. It means the ability to cope with the consequences of various threats or to eliminate them in a timely manner due to the availability of the necessary material reserve, while the negative factors will be minimal. Agricultural enterprises are faced with the need to develop mechanisms for the formation and maintenance of economic security, which provide protection and growth in conditions of increased uncertainty.