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Development of investment support for agricultural production in Ukraine

Author(s) Яремчук В. С., , ,
Category Economics
year 2024 issue Issue number 104. Part 2
pages 83-94 index UDK 330.322:631.15](477)
DOI 10.32782/2415-8240-2024-104-2-83-94 (Link)
Abstract Modern market conditions have contributed to the fact that the economic development of not only the enterprise, but also the entire state largely depends on investment. Therefore, the problems of financial aspects of investment processes in the agricultural sector require in-depth research based on a holistic, systematic analysis, which has a strategic goal for the development of the agricultural sector of Ukraine's economy. The purpose of the study is to assess the theoretical aspects of modern investment support for agricultural production, identify existing problems in this sector of the economy and substantiate ways to improve and increase the investment attractiveness of the agricultural sector. The methodological basis of the study is the main provisions of economic theory set forth in the works of leading Ukrainian and foreign scholars. The agricultural sector is one of the strategic and priority sectors of Ukraine's economy. Given its large potential for production and export of agricultural products, effective state support mechanisms, and a stable and clear legislative framework that will promote an innovative and investment climate in the agricultural sector, Ukraine is able to increase the economic growth of the sector and boost food exports. The intensification of investment activity is not only the main prerequisite for the development of agriculture, but also the main determinant of its further development. Ukraine has a strong resource, demographic and economic potential and is therefore a good place to attract foreign investors. However, due to incomplete economic and social processes and reforms, our country is not yet able to attract the maximum amount of investment resources that its potential deserves. Although a competitive environment is being created that would facilitate business development and foreign investment, the current situation is far from complete and perfect. It is necessary to continue attracting foreign investment, creating a transparent competitive environment, supplementing and improving the legal framework for investment, carrying out institutional reforms and transformations, and using the latest innovative technologies in the investment sector instead of outdated ones, thereby increasing investment attractiveness. In general, there is an urgent need for investment in almost all areas and industries of the agricultural sector of Ukraine's economy, and therefore stimulating a significant inflow of investment in the current environment is an important component of the state policy on the mechanism for implementing the investment strategy
Key words agricultural production, investments, risks, war, crowdfunding, grants, insurance
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