THE IMPACT OF THE INTRODUCTION OF INNOVATIONS ON RISK MANAGEMENT IN AGRICULTURAL ENTERPRISES

Abstract

The application of innovations in agricultural enterprises has a significant impact on risk management by improving decision-making, increasing operational efficiency and reducing uncertainties. Agricultural enterprises face multiple risks, including climate variability, market volatility, pest infestation and resource scarcity. Traditional risk management methods often fall short in comprehensively addressing these challenges, leading to reduced profitability and sustainability. The purpose of this article is to determine the impact of the application of innovations in agricultural enterprises on risk management. The research work used methods of analysis, synthesis and comparative analysis.To achieve the scientific results of the work, a system, process, resource and effective approaches were used. The results show that the integration of innovations increases the possibilities of risk management in agriculture. Precision farming techniques such as the use of sensors and drones reduce climate and operational risks by providing accurate information and minimizing resource waste. Advanced technologies such as blockchain provide transparency and traceability in supply chains, reducing market and logistical risks. In addition, digital platforms facilitate better access to financial resources, insurance and market information, allowing farmers to manage financial and operational risks more effectively. Conclusions. As a result, the implementation of innovations in agricultural enterprises has a critical role in increasing the effectiveness of risk management.The study reveals that innovative technologies and methods have positive effects on sustainability, productivity and profitability by reducing risk factors in agricultural enterprises. In addition, the importance of supporting policies such as state support, training programs and increasing technology access has been emphasized for the effective implementation of these innovations. This study demonstrates that the contributions of agricultural innovations to risk management from economic, social and environmental perspectives provide a basis for more comprehensive research.