CURRENT DIRECTIONS FOR IMPROVING THE ECONOMIC MECHANISM IN THE AGRO-INDUSTRIAL COMPLEX

The article is devoted to the current issues of improving the economic mechanism in the agro-industrial complex. Currently, the agro-industrial complex is tasked with increasing the volume of production and export of agricultural products. In order to ensure progressive economic growth and the implementation of target settings, it is necessary to improve the current economic mechanism in the agro-industrial complex. The economic mechanism in the agro-industrial complex is characterized by several subsystems: price, budget and tax, credit, insurance, which in turn are described by a set of structural characteristics. The authors note that a number of negative factors have formed in the industry that significantly worsen its functioning, in particular: sanctions pressure, low dynamics of investment activity, significant budget constraints, high key rate of the Bank of Russia, this negatively affects the efficiency of the current economic mechanism. A balanced system of prices and price relations in the economic mechanism is the basis for its sustainable functioning. Currently, the agro-industrial complex is experiencing an annual increase in price imbalances between agriculture and other industries. In terms of state support, it is noted that direct budget transfers to farmers make up less than a third of the total budget funds within the State Program. In the economic mechanism of the agro-industrial complex, lending plays one of the key roles. The authors analyze the main factors influencing lending processes in modern conditions. It is emphasized that significant regional differentiation has formed in the development of lending and investment processes. Due to the high key rate of the Bank of Russia and current budget constraints, changes have been made to the preferential mechanism of agricultural lending that worsen the economic availability of credit resources. As a result, the authors propose a system of measures to improve the economic mechanism in the agro-industrial complex, in terms of prices and price relations, subsidies, lending, and agricultural insurance.