STATE REGULATION OF INVESTMENT ACTIVITY IN THE AGRICULTURAL SECTOR OF THE ECONOMY OF UKRAINE

Abstract

The author found that the development of the domestic economy is constrained by low levels of investment. It was stressed that the obstacles to foreign investment were primarily distrust of the judiciary, corruption and monopolization of markets and the seizure of power by oligarchs. It was found that in terms of the sectoral structure of foreign direct investment inflows, a large share in recent years is occupied by industries that do not provide for a significant expansion of fixed assets, such as financial and insurance activities, wholesale and retail trade. It is substantiated that the modern development of the agricultural sector of the Ukrainian economy is impossible without the expanded reproduction of production, the introduction of modern scientific technologies. The latest achievements of the government in the formation and implementation of investment support programs for the industry are highlighted and an analysis of state support programs for agricultural development and forecast results of their implementation. The dynamics of changes in the volume of budget financing aimed at regulating investment processes in the agricultural sector of the economy is established. Forms of state regulation of investment activity of enterprises of the agricultural sector of Ukraine are singled out. The main challenges for creating favorable conditions for attracting private investment in agriculture and the criteria for deciding on their implementation are highlighted. The necessity of application of mechanisms and tools of risk management in the agricultural sector which will allow to minimize their level at realization of investment activity is substantiated. The main tasks of the state policy on increase of investment attractiveness of agrarian sector of economy are defined.