ACTIVATION OF INVESTMENT PROCESS IN AGRICULTURE IN CONDITIONS OF INNOVATIVE DEVELOPMENT

DOI 10.33305/1910-32

Issue № 10, 2019, article № 4, pages 32-37

Section: Economic mechanism of managing

Language: Russian

Original language title: АКТИВИЗАЦИЯ ИНВЕСТИЦИОННОГО ПРОЦЕССА В СЕЛЬСКОМ ХОЗЯЙСТВЕ В УСЛОВИЯХ ИННОВАЦИОННОГО РАЗВИТИЯ

Keywords: AGRICULTURE, INVESTMENT, INNOVATIVE DEVELOPMENT, DIGITALIZATION, ACCUMULATION, CONSUMPTION

Abstract: The article deals with the problem of activation of the investment process in agriculture. The main national development goals were formulated in the Address of the President of the Russian Federation to the Federal Assembly dated March 1, 2018, including Russia becoming one of the five largest economies in the world, ensuring economic growth rates above the world average. In accordance with these goals, an action plan was approved to accelerate the growth rate of investment in fixed assets and increase to 25‰ of their share in gross domestic product by 2024. The article emphasizes that at present the share of investments in the structure of GDP is only 21‰. Investment share growth by almost 4 percentage points by 2024 means a significant change in the structure of expenditures in the economy: an increase in the savings rate of the population, an increase in investment activity for modernization and technological renewal. The authors note that the index of physical volume of investments in fixed assets in agriculture over the past 5 years amounted to only 3.3‰, which is not enough for technical and technological renewal and ensuring sustainable production growth. The authors emphasize that in order to expand the investment process in the agro-industrial complex, it is necessary to increase production efficiency, improve prices and price relations, increase production stability, create competition in the agricultural lending market, and change the state monetary policy. Investment should be effective due to limited financial resources. To ensure production growth rates above the global average, it is necessary to introduce innovative developments into production and infrastructure. One of the priority areas for introducing technological innovations is the digitalization of agriculture.

Authors: Maslova Vlada Viacheslavovna, Zaruk Natalia Fedorovna, Avdeev Mikhail Viktorovich