Financial stability of Russian agricultural organizations in the context of transformation of preferential lending and changes in the Bank of Russia key rate

Abstract

The article is devoted to the study of the dynamics of financial stability of Russian agricultural organizations in the period 2021–2024, characterized by the transformation of the preferential lending mechanism and a significant increase in the Bank of Russia’s key rate. The purpose of the work is to identify structural shifts in the financial stability indicators of agricultural enterprises and assess the impact of changes in state support parameters. A decrease in the autonomy ratio from 0.48 to 0.42, an increase in accounts payable to 3.01 trillion rubles, and a negative correlation (-0.76) between the key rate and stability indicators were established. Significant inter-sectoral differentiation was revealed: the profitability of sunflower production reached 60%, while dairy farming – 28%. The results indicate the exhaustion of the potential of the current financing model and the need to adjust financial stability standards taking into account industry specifics.