IMPROVEMENT OF INVESTMENT POLICY IN AGRICULTURE OF SIBERIA IN MODERN CONDITIONS

Issue № 11, 2017, article № 6, pages 62-71

Section: Economic mechanism of managing

Language: Russian

Original language title: СОВЕРШЕНСТВОВАНИЕ ИНВЕСТИЦИОННОЙ ПОЛИТИКИ В СЕЛЬСКОМ ХОЗЯЙСТВЕ СИБИРИ В СОВРЕМЕННЫХ УСЛОВИЯХ

Keywords: AGRICULTURE, INVESTMENTS IN FIXED CAPITAL, INVESTMENT POLICY, BUDGET SUPPORT OF AGRICULTURE, INVESTMENT STIMULATION

Abstract: The problems of investing in agriculture of the Siberian Federal District caused by the reduction of state support, lack of credit opportunities and decrease of the own financial funds of agricultural organizations have been considered. The average annual rate of the investment decline in fixed capital of AIC of the SFD for the period of 2011-2015 was equal to 97.7‰. The modern agrarian policy is aimed at encouraging the large-scale industrial production but the greater part of the available land and production resources of the medium-sized and small-scale forms of managing is not efficiently used under the implementation of measures on import substitution. The decision of these problems requires the improvement of the current investment policy at the level of subjects of the Russian Federation (that are federal in scope) including the stimulation of inflow of investments in the priority sub-sectors of agriculture and enhancing the state support of small and medium-sized agribusiness. In order to overcome the consequences of the investment switching in agriculture of the Siberian Federal District and to further intensify the agro-industrial production it is necessary to increase the growth rate of fixed capital investment in agriculture up to 8-10‰. The mechanism of usage of the limited investment resources should be formed in view of the specific features of the region in order to determine the growth points and the priority of their investment.

Authors: Tiu Liudmila Vasilevna, CHirkova Irina Grigorevna