Improving the system of approach to risk assessment of investment activities in the agro-industrial complex
Introduction. Due to the rapidly growing population of the world, more and more attention is being paid to the problems of growing safe, healthy and nutritious food. Investments in the agricultural sector are now widely heard. The article describes the methods used in assessing investment risks and suggests a variant of their improvement taking into account the specifics of the agricultural industry. Materials and Methods. In this study, the methods of qualitative and quantitative risk assessment and accounting for uncertainty of investment projects were analyzed. With the help of sensitivity analysis, a systematic approach to assessing the risks of investment activity in the agro-industrial complex was proposed. Results. Having analyzed domestic and foreign literature, the authors propose an unconventional approach to solving the problem of assessing the risk level of investments in agro-industrial enterprises. The methodology makes it possible to identify barrier and restrictive factors at various stages of an investment project, and to develop measures to reduce them. The scientific and practical significance lies in the fact that the proposed comprehensive method of analysis and evaluation allows you to argue management decisions. Discussion. There is no universal theoretical approach that reveals all the risks of investment projects. It is revealed that the implementation of investment projects implies the need to supplement the theoretical foundations, taking into account their specifics and scope of activity, as well as uncertainty factors. The risks of investing in the agro-industrial complex are determined not only by the risks associated with the financial aspect, but also by technical aspects. They are divided into production risk, price or market risk, financial risk, institutional risk and human or personal risk. Investments in agribusiness are an important element and catalyst for the development of agriculture. Conclusion. This article demonstrates the importance of dividing an investment project in the agro-industrial complex into parts and using different risk assessment methods for each life cycle of an investment project.