Risks in the activity of an agricultural credit consumer cooperative
The article discusses the main risks in the activities of an agricultural credit consumer cooperative (ICCC) and analyzes various methods for their timely assessment to eliminate them or minimize possible losses. The subject of the research was the risks arising in the activities of an agricultural credit consumer cooperative in the context of the instability of the country's economy. The main goal of the article is to develop ways to minimize risks for each of them. The relevance of the study is that risks are part of the process of forming agricultural credit consumer cooperatives. In most cases, due to financial risks, the likelihood of property losses arises, but non-financial risks also entail non-material losses. The main ways to minimize risks in an agricultural credit consumer cooperative were considered. A timely analysis of possible risks for a credit cooperative can avoid systemic errors when developing solutions to eliminate or mitigate the consequences. The conclusion emphasizes the need to monitor risks at all stages of lending and development of an agricultural credit consumer cooperative. This is done to effectively manage the cooperative's loan portfolio and maintain the financial stability of the cooperative in modern conditions. Also, when monitoring risks, it is necessary to be guided by the fact that risks have their own characteristic features, such as: (1) inconsistency -manifests itself in the collision of objective risks with subjective ones; (2) alternativeness - consists in the need to choose a solution from two or more options; (3) uncertainty - unpredictability in the existence of risk and its consequences. This article is part of a dissertation research by E.A. Trotsyuk.