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FEATURES OF INVESTMENT ACTIVITY OF AGRICULTURAL ENTERPRISES UNDER THE CONDITIONS OF UNCERTAINTY

Author(s) Варченко О. М., , ,
Ткаченко К. В. , , ,
Варченко О. О., , ,
Свиноус Н. І., , ,
Вернюк Н. О., , ,
Category Economics
year 2022 issue Issue number 101. Part 2
pages 16-30 index UDK 332.05
DOI 10.32782/2415-8240-2022-101-2-16-30 (Link)
Abstract The article systematizes the peculiarities of investment activity of agricultural enterprises and substantiates the directions of its activation. The peculiarities of agricultural activity are generalized and their influence on restraint and stimulation of investment processes is characterized. It is established that the main source of investment activity of agricultural enterprises is their own financial resources, the formation of which is carried out through profits and depreciation. It is estimated that there was an increase of 30.9 % in investments from local budgets, a decrease in investment on the basis of bank loans and other loans by 40.1 % while increasing foreign bank loans by more than 11 times, a significant increase in capital investment account of state support funds. It is argued that among the restraining factors in the development of investment activities are the following: insufficient level of provision with own financial resources. imperfection of the regulatory framework. It is substantiated that the priorities of investment activity for large, medium and small agricultural enterprises are the implementation of investments, which is proof of their orientation to the technical and technological modernization of the production base. It is determined that the lack of economic incentives to increase the fertility of agricultural land does not stimulate capital investment by agricultural enterprises, which requires the development of a set of measures at the state level to invest in maintaining and improving soil fertility. In order to increase the level of profitability of agricultural production, it is advisable to implement comprehensive investment projects for irrigation, the introduction of adaptive technologies for growing crops, construction of environmentally friendly livestock complexes. It is proved that the need to develop measures at the state level to stimulate agricultural producers to invest in maintaining and improving soil fertility.
Key words investments, agricultural enterprises, sources of investment resources, capital investments
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