Mechanisms for attracting investments in the agricultural sector
The article studies investment support for developing Ukraine’s agricultural sector under wartime conditions and global transformations. It aims to analyze, systematize, and summarize the available theoretical and methodological foundations for investing in agriculture and develop an effective mechanism for attracting investments into the agricultural sector. The study presents an analysis of the strategic role of the farm sector as a source of gross domestic product, a catalyst for the development of related industries, and a driver of regional growth. The research substantiates that the effective attraction of investments to the agricultural sector is possible under the conditions of forming a transparent and sustainable institutional environment focused on innovation, partnership, and long-term development. The experience of economically developed countries, the USA, Poland, Germany, and Romania, has been examined in terms of stimulating investment activity through introducing bioeconomy, digitalization, regenerative agriculture, vertical farming, and improved energy efficiency. Standard features of the investment strategies of leading countries have been identified: a strong orientation toward sustainable agricultural production, active state participation, the use of international policy instruments, and the engagement of private capital. The analysis of institutional and practical experience in these countries has made it possible to identify key directions for improving the Ukrainian model of investment support for agricultural development. A mechanism for attracting investments into Ukraine’s agricultural sector has been proposed. Its main components include regulatory and legal support, financial and credit assistance, infrastructure development, institutional stability, and international cooperation. The mechanism aims to create a favorable agricultural investment climate, modernize production capacities, introduce innovative agricultural technologies, develop infrastructure, and integrate national agricultural production into global value chains. The proposed mechanism is based on transparency, institutional stability, partnership, innovation, and sustainability principles. Its practical implementation will contribute to increasing attractive investment in agriculture, modernizing the technical base, boosting productivity, ensuring efficient use of land resources, creating new jobs in rural areas, strengthening export potential, and enhancing the competitiveness of national agricultural production in the global market. Keywords: investments, investment support, investment attraction, investment policy, agricultural sector, sustainable agricultural production, competitiveness.
Authors
- Anatolii Ipatov (ORCID: https://orcid.org/0000-0003-1723-7488)
Publication Details
- Journal
- Actual problems of innovative economy and law
- Published
- 2024-12-12
- DOI
- https://doi.org/10.36887/2524-0455-2024-6-21
- Citations
- 1
- Primary Topic
- Agricultural Development and Policies
- Type
- article
- Field-Weighted Citation Impact
- 0.57