The factors and trends of reproducing fixed capital of agro-industrial sector in Orel region

Reproducing fixed capital of agro-industrial sector is an objective economic phenomenon caused by the necessity reimbursement of its constituent elements that involved in the production of agricultural products. This process is closely connected with the work efficiency and economic opportunities of the enterprise in the financial and resource provision, because it is not only a consequence but also the most important reason of this efficiency. The Orel Region has significant competitive advantages in the agro-industrial sector: a favorable geographical position, advanced transport infrastructure. Agriculture occupies a significant part in the economic sector of the region, which in turn predetermines the necessity of study the problem of updating and modernization of fixed capital. The article reflects the indicators of agricultural activity of the Orel Region, the assessment of the park renewal of the main types of agricultural machinery is given, factors and risks affecting the process of reproducing the fixed capital in the industry are identified and its control methods are shown, the main directions of the long-term regional target program named «Development of agriculture and regulation of agricultural markets, raw materials and foodstuffs in the Orel Region for 2013-2020» in terms of trends in the technical and technological modernization and innovative development of industries are also reflected.