Subject and Keywords:
The economic crisis is a serious challenge for all enterprises, especially in the area of financial liquidity management. Maintaining liquidity is crucial in the business of each company, including agriculture. Liquidity management in agricultural enterprises is particularly difficult due to the fact that the production process does not overlap the process of labor in their case and the production is heavily dependent on nature. Revenues from sales are seasonal, but the expenses are incurred throughout the whole year. The article presents the results of research which clarify to what extent the economic crisis has affected the liquidity of Polish agricultural companies operating in various industries. The article presents the average values of the liquidity indicators of agricultural enterprises by groups of companies engaged in farming and animal husbandry. Analysis of the liquidity ratios of these enterprises demonstrates that, during the crisis as well as after its completion, all agricultural enterprises, except poultry-rearing, were characterized by relatively high liquidity. Thus, the economic crisis has not contributed to decline in liquidity of most agricultural enterprises. The conclusion is that farmers during the crisis sought to maintain a relatively high level of funds, which in turn can have a negative impact on their future economic situation, as only the assets involved in the business can bring some profits in perspective.