THE IMPROVEMENT OF STATE SUPPORT FOR INVESTMENTS IN AGRICULTURE

DOI 10.33305/1911-23

Issue № 11, 2019, article № 3, pages 23-30

Section: Economic mechanism of managing

Language: Russian

Original language title: СОВЕРШЕНСТВОВАНИЕ ГОСУДАРСТВЕННОЙ ПОДДЕРЖКИ ИНВЕСТИЦИЙ В СЕЛЬСКОЕ ХОЗЯЙСТВО

Keywords: AGRICULTURE, INVESTMENTS IN FIXED CAPITAL, STATE SUPPORT, STIMULATION OF INVESTMENTS

Abstract: The investigation is aimed at determining the most effective lines and mechanisms of stimulating the investment activity in agriculture with an account of the regional context. The changes made in the mechanisms and instruments of the state support of Agro industrial Complex within the departmental project of “The Stimulation of Investment Activity in Agro industrial Complex” had a positive impact on attraction of private investments in agriculture. The index of actual volume of investments in fixed capital totalled 121.5‰ from the level of 2015. However, the budget funds allocated on the support of investments are still not linked to the production indicators of the regions, they do not contribute to reducing the differentiation of economic entities and certain territories in investment of agricultural production. In 2018 the share of the Siberian Federal District (SFD) in soft investment loans constituted as little as 3.4‰ of the total loan amount, in subsidies on the reimbursement of the part of direct incurred expenses on construction and modernization of the dairy complexes (farms) – 14.4‰, on the greenhouse complexes – 4.9‰, respectively, that is well below the contribution of the District in the production of agricultural produce. The mechanism of state support of technical re-equipment of agro industrial production has been considered. The necessity of stimulating the private investments by elaborating the complex investment projects (programs) of development of agribusiness with the participation of not only large but also medium and small-sized enterprises has been substantiated. Their implementation should be carried out on the basis of project management and the financing of the projects – on the principles of the public-private partnership.

Authors: Tiu Liudmila Vasilevna