INVESTMENT CAPITAL IN THE AGRO-INDUSTRIAL COMPLEX OF RUSSIA: TRENDS IN FORMATION AND PROSPECTS

DOI 10.33305/227-56

Issue № 7, 2022, article № 7, pages 56-64

Section: Economic mechanism of managing

Language: Russian

Original language title: ИНВЕСТИЦИОННЫЙ КАПИТАЛ В АПК РОССИИ: ТЕНДЕНЦИИ ФОРМИРОВАНИЯ И ПЕРСПЕКТИВЫ

Keywords: AGRICULTURE, AGRO-INDUSTRIAL COMPLEX, INVESTMENT CAPITAL, INVESTMENTS IN FIXED ASSETS, INVESTMENTS IN LONG-TERM FINANCIAL ASSETS, INVESTMENTS IN HUMAN CAPITAL AND GREENING, STATE REGULATION, STATE SUPPORT, LENDING

Abstract: The article is devoted to the problems of formation and use of investment capital in the agro-industrial complex. Currently, in the context of the imbalance of the global food market and the aggravation of external challenges and threats to the Russian Federation, it is necessary to minimize negative external effects, increase business activity in the agro-industrial complex, increase production and supply of high-quality, affordable food products to the domestic market, develop import substitution, for which it is necessary to launch a new investment cycle. Considering investment capital, it is necessary to evaluate investments in non-current assets: fixed assets, intangible assets, non-produced non-financial assets, investments in long-term financial assets that most fully characterize the condition and structure of investment capital. In the agri-food sector, investments in fixed assets are the main component of investment capital, but at the same time, most of the investment resources are accounted for by long-term financial assets. The analysis showed that over the past 5 years, the volume of investment capital in the agri-food sector has increased: from 1.19 trillion roubles in 2016 to 1.5 trillion roubles in 2020, with investments in long-term financial assets and intangible assets growing at a higher rate. From the point of view of strategic directions for the development of the investment process in the agro-industrial complex, investments in social and innovative development are currently the main ones, i.e. the emphasis should be placed on investments in real assets (tangible and intangible). What is needed is not just an increase in investment, but a transition to a new quality of growth, expressed in an annual increase in investment: in human capital – 10-15%; in innovative technologies and science –15-20%; in ecology, taking into account the need to develop a "green economy" - 10-15%. In the context of global transformations in the models of trade, production and consumption of food, strategic directions of economic growth are catastrophically underfunded. Therefore, state support for investment development should be focused on these goals.

Authors: Maslova Vlada Viacheslavovna