Improving the system of state support for development of agricultural formations: institutional and financial aspects

In the process of preparing the article, the methodological aspects of state regulation of innovative development of agrarian formations were considered, the evolution of functions and mechanisms of state regulation in agriculture was studied taking into account changes in the macroeconomic environment. The role of state support for innovative development of agrarian formations was determined and the importance of state support was proven. The analysis of the state support system, including institutional and financial instruments aimed at stimulating the introduction of innovations in the agro-industrial complex was carried out. The key problems and barriers hindering the introduction of innovations in the agro-industrial complex were identified: insufficient level of state support, technical and technological lag, lack of financial resources. Approaches to adapting state support methods to new economic conditions, including sanctions restrictions, and the tasks of technical and technological modernization were developed. Recommendations for improving the system of regulation of innovative activities of agro-formations, including measures to improve the efficiency of using budgetary funds and stimulating technical and technological modernization of the agricultural sector, were substantiated.