INVESTMENT AND INNOVATION POTENTIAL OF AGRICULTURE UNDER ECONOMIC SANCTIONS

DOI 10.32651/2011-12

Issue № 11, 2020, article № 2, pages 12-16

Section: Program-target management of development of agricultural production

Language: Russian

Original language title: ИНВЕСТИЦИОННО-ИННОВАЦИОННЫЙ ПОТЕНЦИАЛ СЕЛЬСКОГО ХОЗЯЙСТВА В УСЛОВИЯХ ЭКОНОМИЧЕСКИХ САНКЦИЙ

Keywords: INVESTMENT POTENTIAL, REPRODUCTION, AGRICULTURE, EFFICIENCY, GOVERNMENT SUPPORT, RESOURCE AVAILABILITY AND INNOVATION

Abstract: The article considers the problems of development of the agricultural sector, taking into account the level of investment and innovation potential of the industry. In the conditions of the Smolensk region the dominant development factors associated with investment activities, the level of innovative activity, and state support for agriculture are identified. Assessment of the prevailing volumes of state support made it possible to predict the conditions and sizes of effective investment activity in the region, taking into account the protectionist policy of the state. According to calculations, to ensure the conditions for expanded reproduction of the agro-industrial complex of the region (30-40‰), an increase in the volume of financing for agriculture will be required from 6.7 billion roubles in 2021 to 9.2 billion roubles by 2024, the level of innovation in agriculture is still quite low, therefore, the systematic implementation of the proposed directions and taking into account the dominant factors will allow to increase the gross output of the region's industry by 1.2-1.3 times by 2024 and create more than a thousand new workers places.

Authors: TSvetkov Ilia Alekseevich, Belokopytov Aleksei Viacheslavovich, KHudov Aleksandr Mikhailovich