Optimization of working capital management as a factor of financial stability of agricultural sector organizations

In the context of global economic instability, aggravated by the consequences of the pandemic, geopolitical conflicts and sanctions pressure, effective working capital management is becoming critical for the survival and development of agricultural business. The article pays attention to the problems that are of particular importance in these circumstances, taking into account the following aspects: the growth in the cost of borrowed financing due to the tightening of the monetary policy of the Central Bank; an increase in overdue accounts receivable against the background of a decrease in the solvency of counterparties; the duration and seasonality of the production cycle; volatility of prices for agricultural products, which increases the risks of lost revenue. Empirical observations indicate that organizations that neglect the rational management of working capital systematically face chronic cash gaps, forced expensive borrowing, premature sale of assets at a reduced cost. The article analyzes the reasons for the insufficiency of internal resources of the research object, the impact of borrowing policy on profitability and financial risks, methods of attracting additional liquid resources without increasing the debt burden. Based on the conducted research, recommendations are formulated to improve liquidity, including restructuring of short-term liabilities, implementation of cash flow management tools, and development of a risk hedging strategy.