FACTORS OF PROFITABILITY OF PRODUCTION IN THE CONDITIONS OF AGRICULTURAL HOLDING IN THE ALTAI TERRITORY

DOI 10.32651/2411-58

Issue № 11, 2024, article № 8, pages 58-66

Section: Problems of efficient management

Language: Russian

Original language title: ФАКТОРЫ РЕНТАБЕЛЬНОСТИ ПРОИЗВОДСТВА В УСЛОВИЯХ ХОЛДИНГИЗАЦИИ СЕЛЬСКОГО ХОЗЯЙСТВА АЛТАЙСКОГО КРАЯ

Keywords: PRICE ENVIRONMENT, AGRICULTURAL PRODUCTS MARKET, VOLATILITY, PRODUCTION PROFITABILITY, AGRICULTURAL HOLDINGS, TRANSFER PRICING

Abstract: The research was conducted in order to determine the significance and direction of the influence of prices for the main types of agricultural products on the profitability of production in agricultural organizations of the Altai Territory, which is one of the developed agricultural regions of Russia. For a more detailed assessment of the studied processes, using the example of milk, which in 2016-2023 formed 11.77-19.03% of the income of agricultural organizations in the Altai Territory, the hypothesis was tested and tested (in the conditions of the analyzed period, region, products) that in legally independent agricultural organizations and economic entities under management The pricing mechanism of holding companies generates significant differences in financial results. The article identifies the main trends in the profitability of agricultural production in the Altai Territory, reveals the low influence of structural factors and the high influence of price factors: in the period 2018-2021, the price environment in agricultural markets was favorable and the level of profitability increased; in 2022-2023, the price environment in agricultural markets was unfavorable and the level of profitability decreased, a long-term "price disparity" has been established. Using the example of milk production, the profitability of production in holding companies and legally independent organizations was compared. It is proved that holding companies operating in the Altai Territory, within the framework of transfer pricing, did not raise prices for controlled transactions, using other financial management tools to maintain the financial condition of agricultural organizations, including intra-holding loans. Higher profitability of milk production in holding companies, low productivity of cows and remuneration of employees is associated with insufficient prevalence of vertical integration in dairy cattle breeding. Prospects for improving the efficiency of dairy cattle breeding in the region are associated with the implementation of large investment projects by federal and regional holdings.

Authors: Vorobev Sergei Petrovich, Vorobeva Viktoriia Vladimirovna