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Опубліковано: Середа, 22 грудня 2021, 12:20
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23. ECONOMIC ASPECTS OF INVESTMENT ACTIVITY IN AGRICULTURE 
https://doi.org/10.31073/foodresources2021-17-21
Ivan Svynous, Marat Ibatullin, Inna Salo, Hanna Trofimova, Oksana Rudych, Nadiia Svynous
Pages: 233-243
 
Abstract
The subject of research - economic aspects of investment activities in agriculture. The purpose of the study is to substantiate practical recommendations for stimulating and improving the efficiency of investment in the agricultural sector. The methods are applied: system approach - at studying of communications between the phenomena and processes in system of realization of investment activity of the agricultural enterprises; statistical analysis - in determining the dynamics of investment and their effectiveness in agricultural enterprises; grouping - to determine the impact of various factors on the level of development of investment activities in agricultural enterprises; comparative - to compare investment processes in different time periods in order to identify the cause and effect relationship; dialectical and abstract-logical - in conducting theoretical generalizations, forming conclusions. Research results. It is proved that the main factors that negatively affected the attraction of foreign investment were: political instability in the country; imperfection of the legal framework for foreign investment; insufficient development of financial market infrastructure; inflationary processes in the country's economy; low level of domestic investment in agriculture. One of the factors intensifying investment activity in agricultural production should be mortgage lending, the share of which in 2019 in its total volume is insignificant. Constraining factors in the development of mortgages in agriculture are: underdevelopment of the agricultural land market; irrational structure of land use and land tenure; lack of legal grounds for inclusion in the subject of the mortgage of the right to lease agricultural land; difficult financial situation of the vast majority of agricultural producers; shortage of long-term credit resources in banking institutions; high price of credit resources in the domestic financial market; insufficient level of mortgage market infrastructure development; lack of real institutional investors, etc. The low volume of capital investments in the reproduction of land fertility remains an urgent problem. This indicates a lack of long-term prospects for the use of leased agricultural land. In addition, there are some methodological obstacles to reflecting the costs of increasing the fertility of agricultural land, which are carried out by businesses in the field of agribusiness. It is noted that the intensive growth of investment in intangible assets caused by the process of digitalization of production and economic activities of agricultural enterprises. It has been proven that state programs to support agricultural producers do not have a significant impact on the motivation of small and medium-sized businesses. They are more focused on vertically integrated agricultural enterprises. Improving the efficiency of investment involves the use of scientific methodology to predict its directions and forms, adaptation to the general objectives of the organization and the conditions of the external investment environment. It is necessary that the investment strategy determines not only the priorities of directions and forms of investment activities of the organization, the nature of the formation and distribution of investment resources, but also the sequence of stages of implementation of the most effective ways to achieve investment goals. On the other hand, agriculture in comparison with other branches and spheres of the national economy due to dependence on natural and economic features, riskiness, seasonality of agricultural production, its lower profitability is less attractive investment sector, including for foreign investors. Scope of research results. Designed for the practical application of basic scientific principles and research proposals in the preparation and implementation of investment strategies.
Key words: investment, state support, agriculture, investment processes, investment activity
 
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