Modernization and Financial Sustainability of Agricultural Enterprises Based on the Working Capital Management of the Krasnodar Krai

The current situation in the domestic economy is marked with a rather high level of uncertainty, which is caused by the lability of the geopolitical situation, sanctions, and counter-sanctions policies of Western states and the Russian Federation. The high “addiction” of Russian industrial enterprises meeting the needs of agriculture from imported components naturally affected the increase in prices for their products. This happened against a decrease in domestic prices for agricultural products caused by the high supply, which is due to reduced agricultural imports and increased productivity. The difficult disparity in prices for agricultural and industrial products negatively affects the financial well-being of agricultural organizations, the deterioration of their financial stability, and, as a consequence, the provision with circulating assets. The lack of sources for financing current assets, especially their own, hinders the operational processes in the agricultural sector, which affects the slowdown in the turnover of assets of organizations, reducing their profitability and worsening financial stability. Similar circumstances arose a long time ago and required a search for solutions to these problems.