PROBLEMS OF FORMATION OF PRODUCTION ACCUMULATION IN AGRICULTURE OF RUSSIA

DOI 10.32651/202-19

Issue № 2, 2020, article № 3, pages 19-23

Section: Program-target management of development of agricultural production

Language: Russian

Original language title: ПРОБЛЕМЫ ФОРМИРОВАНИЯ ПРОИЗВОДСТВЕННОГО НАКОПЛЕНИЯ В СЕЛЬСКОМ ХОЗЯЙСТВЕ РОССИИ

Keywords: ACCUMULATION, GROSS ACCUMULATION, NET ACCUMULATION, INVESTMENTS, AGRICULTURE, ACCUMULATION RATE, NET ACCUMULATION RATE, PROFIT, PROFITABILITY, DIVIDENDS, LENDING, LEASING, INSURANCE

Abstract: The article deals with the issues of production accumulation in agriculture in Russia. Studies have shown that when the volume of gross investment increases, the indicators of the gross and net accumulation rate tend to decrease. The unfavourable investment situation is aggravated by the unstable profitability of agricultural organizations, even taking into account state subsidies. Profitability indicators tend to decrease, which makes it impossible to predict the growth of accumulation rates. Research has shown that if there is not enough profit to accumulate, only 50‰ of the net profit remains Unallocated and can be used for investment purposes. In agriculture, there is a suboptimal structure of sources of financing of gross accumulation, the largest share falls on borrowed sources-loans and loans, which can lead to a deterioration in the financial condition of agricultural organizations and undermine their liquidity. To change the investment situation, a balanced state policy of investment support for agricultural organizations is necessary, aimed at direct subsidies to organizations, preferential lending, and other areas of institutional support – improving agricultural insurance, leasing, and others.

Authors: Savkina Galina Mikhailovna, Kukin Ivan Igorevich