Impact of investment activities on the development of agriculture in the Bryansk region

The scientific article justifies the need to invest into the development of agriculture due to the high depreciation of fixed assets, which makes it difficult to introduce innovative methods of production; investment goals and factors that have the greatest influence on the intensity of attracting investments into fixed assets of the region are reflected. The place of the Bryansk region in terms of investment attractiveness, the development of agricultural sectors in national ratings is detected. It is indicated that the investment attractiveness of the region for the period 2021-2022 decreased from A-3 (high level of investment attractiveness) to V-3 (moderately low level of investment attractiveness); agriculture continues to develop, and in terms of individual positions it occupies a leading position in the Russian Federation and the Central Federal District. The volume, structure and dynamics of investments into fixed assets for 2018-2022 were studied. It was noted that the volume of capital investments in agriculture increased 1.6 times, amounting to 24.1 billion in 2022. 24.1 billion rubles, and more than 80% of the funds are invested into the development of animal husbandry. Key investment projects for agriculture of the Bryansk region, completed and scheduled for implementation by 2030, are presented. Impressive investments in agriculture have not yet significantly reduced the depreciation of fixed assets in this sector of the economy. The wear and tear factor increased from 40.3% to 49.8% during the analysis period. Against this background, there is a decrease in the machine and tractor fleet in agricultural organizations, a decrease in the provision of tractors and combines and, as a result, an increase in land load per unit of the equipment. Based on the results of correlation-regression analysis, it was concluded that it is important to increase the efficiency of agricultural production of specific capital investments per unit area of agricultural land and stock supply.