RATING ASSESSMENT OF THE EFFICIENCY OF SUBSIDIZING AGRICULTURAL ENTERPRISES

During the period of foreign economic restrictions, the issues of adjusting scientific approaches on which the criteria for state monetary support for agribusiness are based are an urgent scientific problem. Due to the prohibitively high key rate for agribusiness, the Central Bank of the Russian Federation in 2025. suggests a decrease in the availability of soft loans for farmers. The idea is being substantiated that direct budget financing in the form of subsidies will remain the main form of financial support for agricultural producers in the coming years. A number of serious problems have been identified in the implementation of subsidy mechanisms required for an early solution. The authors believe that it is necessary to put the economic efficiency of subsidies in the first place, and not the dynamics of agricultural production in physical terms. Particular attention is paid to the development of a conceptual model for managing agribusiness subsidies. The model is based on the correspondence of control objects with target priorities: financial results, profitability of sales, investment activity, including innovation, labor productivity, remuneration of employees, tax burden and budgetary efficiency of subsidies. During the study, a number of original financial and economic indicators were developed to assess the effectiveness of subsidies. The model was tested on the example of the activities of Voskhod JSC (Udmurt Republic) for the period from 2019-2023. The result of econometric studies was the methodology for calculating the integral coefficient of subsidy efficiency. Based on the taxonometric approach, different-sized indicators are reduced to an integral form and the dynamics of the integral coefficient of subsidy efficiency of Voskhod JSC for 2019-2023 is compiled. In conclusion, the authors conclude that it is necessary to further develop scientific approaches to assess the effectiveness of state support for agricultural enterprises.