The impact of state support on financial position enterprises of the agro-industrial complex of the region

The article deals with the issues of financing the agro-industrial complex in a region. An analysis of the world experience of the state support for agricultural organizations, in particular, in the United States and China, showed Russia’s significant lag behind leading foreign countries. The enterprises of the agro-industrial complex of Russia are characterized by high debt load with a low level of profitability, a long financial cycle and negative financial leverage. The revealed combination of the listed factors indicates a high probability of financial instability and a high risk of financial insolvency in the future. In a study of agricultural organizations in the Moscow region that received funding from the federal and regional budgets, it was revealed that when subsidizing, only production indicators are taken into account and the impact of the state support on the financial position of agricultural producers in the future is not assessed. Based on the data of agricultural enterprises in the Moscow Region, it is shown that the increase in the volume of subsidies from the regional budget in 2021–2023 by about 10% will prevent bankruptcy and improve the financial position of the analyzed agro-industrial enterprises. Additional budget allocations from the regional budget are proposed to be financed through internal redistribution of financial resources, for example, from the subsection “Other issues in the field of the national economy†. Further research will be aimed at developing a model for financing the agro-industrial complex of a Russian region, taking into account the impact of budgetary financing of agricultural organizations on their financial position.