Investment support of the agrarian sector of the economy: current state and development trends

Investments contribute to economic growth, provide a positive financial climate for the country; they are an additional source of investment in the national production of goods and services. The issues of investment research, which provides for an assessment of the effectiveness of using available opportunities to the state for the growth of innovation activity and analysis of various factors affecting investment potential are of particular importance. This study analyzes the dynamics and structure of investments in the development of the agro-industrial sector of the economy, examines the targeting of public investments. The paper notes that in the period from 2016 to 2019, there was an increase in investments into the fixed assets, agricultural organizations, however, in 2020, both in monetary and percentage terms, there was a decrease in investments in fixed assets aimed at the development of agriculture. In addition, the article analyzes the structure of investments in fixed assets by sources of financing, while it is noted that the main source of financing for investments in fixed assets in 2020 was the own funds of agricultural enterprises (54.2%), the share of funds raised in 2020 accounted for 45.5%, which is 1.6% less than in 2019. As a result of the study, it was revealed that investment insufficiency was one of the key systemic problems of the development of the agricultural sector. The author identifies a number of reasons for the weak investment activity of the agricultural sector of the economy: low profitability of the majority of agricultural producers, creditworthiness and limited access to preferential credit resources. The article discusses the main directions of state support for agricultural producers in 2021, namely: remuneration of part of the incurred expenditures for the creation or modernization of agricultural enterprises and support for preferential lending, through remuneration of part of the expenditures for paying interest on investment loans (loans). Since the investments form the production potential of the agro-industrial complex on a new scientific and technical basis and determine the competitive position, the issues of investment research are relevant.