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Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.
Effectiveness of Financial Management and International Support for the Agricultural Sector
Hennadii Mazur1, Yusif Abulfat Humbatov2, Volodymyr Shevchuk3, Iryna Chychkalo-Kondratska4, Maksym Chemerys5
1Department of Management and Administration, РHEE “Vinnytsia Аcademy of Сontinuing Еducation”, Vinnytsia, Ukraine. Email: catanliliana82@gmail.com | ORCID: https://orcid.org/0000-0002-5061-1817
2Department of Organization of Tourism Industry, Azerbaijan Technological University, Ganja, Azerbaijan.
Email: humbatovyus@gmail.com | ORCID: https://orcid.org/0000-0001-7902-9401
3Interregional Academy of Personnel Management, Kyiv, Ukraine.
Email: volshevchuk@gmail.com | ORCID: https://orcid.org/0009-0002-4456-7618
4International Economic Relations and Tourism Department, National University «Yuri Kondratyuk Poltava Polytechnic», Poltava, Ukraine. Email: irynachychkalo22@gmail.com | ORCID: http://orcid.org/0000-0003-3123-841X
5Department of Financial and Tax Law, State Tax University, & Judge Assistant, Northern Economic Court of Appeal, Irpin, Ukraine. Email: makschemerys@gmail.com | ORCID: http://orcid.org/0009-0002-4508-0350
*Corresponding author
Grassroots Journal of Natural Resources, 8(2): 644-661. Doi: https://doi.org/10.33002/nr2581.6853.080230
Received: 14 July 2025
Reviewed: 08 August 2025
Provisionally Accepted: 09 August 2025
Revised: 13 August 2025
Finally Accepted: 15 August 2025
Published: 28 August 2025
The study addresses the problem of low financial management efficiency in the agricultural sector, caused by market volatility, unstable economic conditions and limited investment resources, which undermines the stability and growth of enterprises. The relevance of this study stems from the need to enhance the effectiveness of financial management in the agricultural sector by analyzing key factors that influence financial stability, profitability, and enterprise development in the face of current economic challenges. This research aims to assess the effectiveness of financial management in the agricultural sectors of Ukraine, Poland, and Kazakhstan, with a focus on key factors that affect financial stability, profitability, and the development of farming enterprises in these countries. To achieve this goal, the study utilizes financial performance analysis, comparative analysis of financial strategies, a method for evaluating state support, analysis of investment activity, a systems approach, and economic-mathematical modeling using correlation analysis. The study showed that, despite its significant agricultural potential, the effectiveness of financial management in Ukraine is inferior to that of Poland, which benefits from integration into the EU, while Kazakhstan faces greater economic and technological limitations; increasing Ukraine's competitiveness requires targeted state support and the introduction of digital technologies.The practical significance of the study lies in the possibility of applying the obtained results to develop recommendations for improving financial management in the agricultural sector, in particular by optimizing state support mechanisms and introducing advanced technologies.
Financial policy; Agricultural engineering; Agricultural research; Technical assistance; International cooperation
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Mazur, H., Humbatov, Y.A., Shevchuk, V., Chychkalo-Kondratska, I. and Chemerys, M. (2025). Effectiveness of Financial Management and International Support for the Agricultural Sector. Grassroots Journal of Natural Resources, 8(2): 644-661. Doi: https://doi.org/10.33002/nr2581.6853.080230
Mazur, H., Humbatov, Y.A., Shevchuk, V., Chychkalo-Kondratska, I., & Chemerys, M. (2025). Effectiveness of Financial Management and International Support for the Agricultural Sector. Grassroots Journal of Natural Resources, 8(2), 644-661. https://doi.org/10.33002/nr2581.6853.080230
Mazur H., Humbatov Y.A., Shevchuk V., Chychkalo-Kondratska I., Chemerys M. Effectiveness of Financial Management and International Support for the Agricultural Sector. Grassroots Journal of Natural Resources, 2025, 8 (2),644-661. https://doi.org/10.33002/nr2581.6853.080230
Mazur, Hennadii, Humbatov, Yusif Abulfat, Shevchuk, Volodymyr, Chychkalo-Kondratska, Iryna, Chemerys, Maksym. 2025. “Effectiveness of Financial Management and International Support for the Agricultural Sector”. Grassroots Journal of Natural Resources, 8 no. 2: 644-661. https://doi.org/10.33002/nr2581.6853.080230
Mazur, Hennadii, Yusif Abulfat Humbatov, Volodymyr Shevchuk, Iryna Chychkalo-Kondratska and Maksym Chemerys. 2025. “Effectiveness of Financial Management and International Support for the Agricultural Sector”. Grassroots Journal of Natural Resources, 8 (2): 644-661. https://doi.org/10.33002/nr2581.6853.080230
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