PRIORITY TOOLS FOR MANAGING PRODUCTION RISKS IN THE CONTEXT OF DIGITAL TRANSFORMATION OF AGRICULTURE

DOI 10.32651/2112-19

Issue № 12, 2021, article № 3, pages 19-25

Section: Program-target management of development of agricultural production

Language: Russian

Original language title: ПРИОРИТЕТНЫЕ ИНСТРУМЕНТЫ УПРАВЛЕНИЯ ПРОИЗВОДСТВЕННЫМИ РИСКАМИ В УСЛОВИЯХ ЦИФРОВОЙ ТРАНСФОРМАЦИИ СЕЛЬСКОГО ХОЗЯЙСТВА

Keywords: DIGITAL TRANSFORMATION, RISK MANAGEMENT, RISK ASSESSMENT, FUNCTIONAL STRATEGY, RISK PRIORITIZATION

Abstract: In the digital economy, sound risk management can open new opportunities and ensure sustainable investment in agriculture when developing and implementing appropriate functional risk management policies and tools in agricultural value chains. Thanks to the digital trans-formation, agriculture should become an attractive activity in the consumer market. The impact of global climate change impacts, habitat transformation with increasingly frequent weather disasters can be mitigated through smart agricultural systems through precision pest management, reduction of unsustainable water use and environmental sustainability. Digital technologies in agriculture will contribute to the development of rural areas and subsidized regions, ensuring their social sustainability. There are many ways to identify, develop and manage agricultural risks. A holistic approach to risk management in digital agriculture sees risk management in agriculture as a system encompassing a wide range of risks and solutions for all stakeholders involved in agricultural supply chains. This determines the importance of interaction between different risks, tools, roles and responsibilities of agricultural entrepreneurs. Using this approach, we developed a methodology for assessing risks, justifying adequate tools and integrating them into agricultural policy in the context of a digital transformation of the industry. When this is achieved, agricultural stakeholders will have the opportunity to maintain and increase their incomes and strengthen competitiveness.

Authors: Telegina ZHanna Anatolevna