Methodological approach to assessing the economic efficiency of rice cultivation

Domestic rice growing is characterized by a high level of capital intensity and technological advancement of the industry. The high deterioration of irrigation and drainage structures, the imperfection of the organizational and economic mechanism, and low investment attractiveness have led to a decrease in the rice planting area, gross yield and economic efficiency. In this regard, there is a need to develop methodological approaches to assessing the economic efficiency of the industry. The purpose of the article is to present a methodological approach to assessing the economic efficiency of rice farming, based on the calculation of an integral efficiency indicator. Theoretical methods of semantic analysis and synthesis, abstract-logical method and comparison method are used in the study. The article presents a methodology for assessing the economic efficiency of rice farming based on the compatibility of indicators that reflect all aspects of the economic activities of rice-growing organizations. An assessment of the current state of the rice growing industry in the Krasnodar region is given. Rice-growing organizations in the region are ranked according to a comprehensive integral index. The proposed approach will enable to obtain reliable information about all parameters of the production process in the industry, adapted to the rice growing characteristics and natural and climatic conditions of the region, as well as to justify priority directions for increasing the economic efficiency of rice growing in the region.