Major mechanisms of investing in innovations in agriculture

Issue № 8, 2020, article № 15, pages 124-128

Section: Investment and innovation in agriculture

Language: Russian

Original language title: ОСНОВНЫЕ МЕХАНИЗМЫ ИНВЕСТИРОВАНИЯ В ИННОВАЦИИ В СЕЛЬСКОМ ХОЗЯЙСТВЕ

Keywords: AGRICULTURE, INVESTMENT, INNOVATION, MECHANISMS, AGRICULTURAL PRODUCERS, FINANCING, INDUSTRY

Abstract: Today, Russian agriculture is experiencing a period of growth - the import substitution program has increased production, and the share of agricultural products in the structure of Russian exports has increased. Nevertheless, a number of negative trends still persist in the industry: obsolescence and wear of the material and technical base, low efficiency of production processes, and a drop in profitability for some types of agricultural activities. The way out of this situation is possible with a qualitative increase in production efficiency and technological modernization of economic entities, which are the result of the introduction of innovative solutions. However, the domestic and foreign scientific literature does not fully cover the mechanism of formation and implementation of investments in innovations in the agricultural sector, and the necessary differentiation of the supply side and the demand side in the market of innovative developments is not provided. The issue of investment and innovation activities in the industry is particularly relevant in the context of scarce state support for innovation, limited interest of private business in investments in agriculture and weak Fund availability of agricultural producers.

Authors: CHukin Fedor Sergeevich