The Mechanism for Profit as the Main Source of Financial Capital at an Agricultural Enterprise: Problems and Solutions

The article explores the mechanism of profit formation as the main source of financial capital at the agro-industrial complex enterprises, carrying out statutory activities in the conditions of risky farming. The research used the methods of scientific knowledge: analysis, synthesis, concretization and abstraction, classification, grouping and others. Based on the conducted research, there have been determinated the components of the financial capital of an enterprise. There were also given their definitions within the framework of the existing accounting and analytical system of the Russian economy. The research studies revealed the existing legislative acts in Russia that regulate the formation of profit do not give an accurate interpretation of the definition of «profit». There has been determined the mechanism for the formation of profit at an agricultural enterprise in modern economic conditions. The study formulated the main problems of the mechanism for the formation and use of profit as part of the financial capital of an agricultual enterprise: failure to meet deadlines and technologies for the implementation of agrotechnical measures; lack of full control over the formation of production costs; non-observance or complete rejection of evidence-based crop rotations; lack of regular analytical work aimed at developing economically sound management decisions to increase the crop production, and consequently revenue growth. Measures aimed at solving the identified problems are proposed: to optimize the structure of sown areas for agricultural crops; monitor the timeliness, completeness and quality of agrotechnical measures and, if necessary, correct them; observe evidence-based crop rotations; timely adjust the proportion of the production cost in the revenue of the sale of the latter.