The concept of fair value in inventory management of the integrated agro-industrial formations

The development of agriculture in modern conditions is one of the priority sectors of the economy, the main task of which is to ensure the food security of the state, overcoming difficulties in the production of agricultural products, providing the population with quality products. To solve the tasks set, a perfect management system of material resources is needed, the movement of which in agriculture covers all stages of the reproduction process, their interrelation contributes to the creation of a value chain for the production of products and its delivery to the consumer in accordance with the demand. To solve the problems that have arisen in the management of material resources in the agricultural business, the article considers a cost approach to the assessment of material resources of the integrated agro-industrial formations. Its peculiarity is production, processing and sale of agricultural products, taking into account the specifics of activities in various sub-sectors of the agricultural production. In such organizations, the assessment of the movement of inventories, their turnover, transformation at different stages of reproduction should be based on effective methodological tools. These tools contribute to: processing information data on the movement of raw materials, materials, finished products for making management decisions on regulating operations and transactions to obtain economic benefits; optimizing costs associated with the use of raw materials and materials and formation of the cost of the finished agricultural products; increase sales in the domestic and foreign markets and reduction of the risks of unproductive expenses and losses. Such a problem is particularly relevant in the context of reforming agricultural economy with the use of new methods of assessing reserves, fair value valuation criteria, which makes changes in the management of the working capital of an economic entity, the income of an organization associated with material resources in the future, contributing to improving the efficiency of the management of current assets of the integrated agro-industrial enterprises.