Use of Methods of Economic Protection as a Way to Reduce the Financial Risks of Organisation of the Agro-Industrial Complex
The article presents a modern classification of financial risks of the following types: inflation risk, interest rate risk, currency risk, deposit risk, credit risk, tax risk, innovative financial risk, conducive to crime risk, insolvency risk, risk of financial stability decrease and other types of risks. Their conditionality and dependence on market conditions have been also described. There was studied the analysis of the above mentioned financial risks and the degree of their impact on the organisation of financial activities in the agro-industrial complex. The article gives an example of using the risk curve to predict the instability of the market conditions of agro-industrial complex as an example of one of the methods of long-term planning. There were considered the following methods of economic protection: diversification, insurance, hedging, risk avoidance, limitation of risk concentration, creation of special reserve funds. The basic principles of implementation of each method in the policy of reducing financial risks were described. A detailed assessment of the effectiveness of each individual method in relation to certain types of risks of the organisation realising financial activities was carried out. There was noted the impossibility of complete elimination of risks but only their partial reduction due to the identification of factor dependencies between individual risk groups.