A systematic approach to improving the efficiency of the use of working capital in agricultural organizations

The purpose of the study is to form a system for improving the efficiency of the use of working capital in agricultural organizations. The review and analysis of scientific works of Russian authors on the problems of formation and use of working capital in agriculture served as an informational and scientific-methodological basis for the study. The subject of the study is the working capital of agricultural organizations. Monographic, analytical, graphical and other methods were used in the research process. Working capital is an important part of the resource provision of agricultural organizations, on the effectiveness of management of which the results of production and economic activities depend. To ensure the effective use of working capital, three methodological approaches are used, based on the integrated management of working capital in the organization as a single object; optimization of the material components of the elements of working capital and direct control of the efficiency of the use of working capital. However, there is an objective need for the integrated use of these methodological approaches. In this regard, the article proposes a model of a phased system for implementing the effective use of working capital in an agricultural organization, which allows achieving high efficiency in the work of the organization. The first stage involves the implementation of an operational assessment of the condition and analysis of the structure of working capital. The second stage involves optimizing the size and structure of working capital. The third stage of the model should involve directly ensuring the effective use of working capital in an agricultural organization. At the fourth stage of the proposed model, it is necessary to form an effective control system for the use of circulating resources. An important element in the management of working capital is to increase the efficiency of their functioning, which directly depends on the processes of their formation and the directions of their use. As a result of the conducted research, an approach was formed based on the functioning of an effective system for implementing the impact on the efficiency of the use of working capital, both from the point of view of volumes and their structure, and from the point of view of the directions of their use, as well as the interaction of elements among themselves.