THE STATE AND CURRENT TRENDS IN THE FUNCTIONING OF THE FINANCIAL MECHANISM FOR ENSURING THE DEVELOPMENT OF MILK PROCESSING ENTERPRISES OF UKRAINE
Authors:   VSP Technological-Industrial Vocational College of Vinnytsia National Agrarian University Vinnytsia, Vilchynska Nataliia 
Published: October 2024

The purpose of the article is to study the peculiarities of the functioning of milk processing enterprises of Ukraine, to identify the problems they face in the process of carrying out economic activities. Particular attention is paid to the importance of the financial mechanism for ensuring the development of milk processing enterprises, which has a significant impact on the efficiency of operations. The theoretical dominants of the formation of the financial mechanism of enterprises are substantiated, the structure at the general level is proposed, the main components are determined. The methods of financial support in the system of microeconomic regulation and their tools are analyzed. It was determined that an important factor that will provide an opportunity to improve the financial condition of the enterprise, to increase financial flows, is the expansion of the export potential. The dynamics of the production of certain types of milk processing products in Ukraine were analyzed. The export potential of Ukraine and its structure, main trends were studied. Results. The implementation of the company's financial policy is carried out with the help of a financial mechanism, which is a rather complex system of influence on financial activity. Under the conditions of favorable factors of the system of ensuring the financial mechanism, milk processing enterprises will form such a state of activity, which is characterized by an optimal ratio of own and loan sources of financing, effective placement of financial flows, which will generate opportunities to ensure functioning. Currently, a significant factor in improving the functioning of the financial mechanism is the development of export potential. Despite today's realities, in 2022, Ukraine increased the export of dairy products by 39%, compared to 2021. Taking this trend into account will make it possible to adapt more quickly in the changing external environment and identify promising opportunities for further development. Methods. The methodological basis of any economic research is the dialectical method of cognition, which acts, on the one hand, as a direct way of building economic concepts, theories, hypotheses, etc., by forming a certain set of principles, prerequisites, guidelines in the form of concepts, ideas, and on the other hand, as an indirect, through the method of economic theory and, above all, political economy. In view of this, the theoretical and methodological basis of the study of the effectiveness of the functioning of milk processing enterprises is the dialectical method of learning economic processes and phenomena, which makes it possible to determine the role and importance of milk processing enterprises for the development of the national economy of Ukraine, as well as to reveal the peculiarities and justify the need for their functioning on an effective basis. Such a methodological approach to the study of the problem of the effectiveness of the functioning of milk processing enterprises contributes to obtaining substantiated and reliable results that will serve as a basis for conclusions and outline prospects for their further development. The problem lies in the development of ways to implement this methodology through the use of a complex of specific scientific methods and mathematical formalization of economic phenomena and processes. Value/originality. Highlighting the methodological aspects of the analysis of the economic efficiency of agro-industrial formations, we believe that it is the outlined methodological approach to the study of the problem of the functioning of dairy enterprises in order to identify opportunities for increasing its efficiency that will make it possible to obtain scientifically based and reliable results and conclusions regarding the improvement of the motivation system for the effective functioning of enterprises of the dairy industry as a component agro-industrial complex.