Strategic Management of the Investment Process in the Agricultural Sector (for Example, Agricultural Enterprises and the Food Industry)
Loading...
Date
2020
Authors
Захарін, Сергій Володимирович
Стоянова-Коваль, Світлана Савівна
Кичко, Ірина Іванівна
Маргасова, Вікторія Генадіївна
Шупта, Ірина Миколаївна
Shupta, I. M.
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Description
The article presents the results of a study of the nature and characteristics of investment processes in the agricultural sector (by the example
of agriculture and food industry in Ukraine), as well as recommendations on the modernization of the mechanisms for strategic
management of these processes. It is noted that the restoration and development of Ukraine is possible on the basis of the effective
development of agricultural entrepreneurship, which can be achieved through the use of a set of interrelated measures of a financial,
economic, industrial, technical, organizational and social nature, aimed at the withdrawal of such anti-crisis and restoration organizations or
their achievement profitability and competitiveness. The state policy for the development of agricultural enterprises should provide for the
creation of a favorable investment climate for domestic and foreign investment. The authors note that in modern conditions of development
of the national macroeconomic environment, the solution of this problem involves not only the development and formulation of market
strategies, but primarily the solution to the problem of creating and implementing an effective mechanism for implementing intra-industry
strategic decisions. At the same time, it should be taken into account that many issues of the formation and implementation of the state
policy for regulating the development of agricultural enterprises in the face of institutional uncertainty and financial instability have not yet
received adequate coverage.
The authors concluded that direct government subsidies for agribusiness in Ukraine are harmful. They are distributed opaque, distort
competition, produce corruption and nervousness. As a result, the interest of diligent agricultural producers is declining. Corruption and
opacity lead to an unreasonable increase in prices for agricultural products. Based on the analysis, it is shown that the best way of state
support for agricultural production is investment in rural areas - an increase in investment costs for roads or education in rural areas. It
should also be taken into account that one of the tasks of state policy is to increase employment in rural areas, therefore it is necessary to
support not only individual producers, but also “non-agricultural” employment, for example, “green tourism”. Also, government support
should be distributed “automatically”, and not selectively. For this, it is important to develop and implement appropriate criteria.
The economic security of economic entities in the agricultural sector should be the subject of an economic strategy in the food industry.
The reduction or exclusion of business entities from participation in many areas of intra-industry life creates enormous economic risks
(threats) for the near and long-term prospects of the food industry. Therefore, in order to ensure socio-economic development in the food
industry, it is necessary to develop and introduce intra-industry socio-economic policies that will ensure the growth of key indicators in the
national macroeconomic environment.
Keywords
Management, Investment, Investment process, Agro-industrial complex, Agriculture, Food Industry.