Financing of long-term projects in the agricultural sector of the Russian economy: problems and prospects

The article presents the results of a study of the financing mechanism for long-term projects in the agricultural sector of the Russian economy. The purpose of the work was to identify problems and develop solutions in the field of long-term financing of the development of the agro-industrial complex of Russia. The object of the study is the mechanism of long-term financing for the development of agricultural enterprises in Russia. Research methods: analysis, synthesis, comparison, comparison, regulatory method, logic and systematization. Financing of long-term projects in the agricultural sector of the Russian economy is an important factor in the sustainable development of agricultural production, modernization of the industry and ensuring the country's food security. However, in the current conditions, agricultural enterprises face a number of problems. The article describes the sources of financing for long-term projects in the agricultural sector of the Russian economy for its sustainable development in the face of sanctions and import substitution. The mechanism of long-term lending to enterprises of the agricultural sector at preferential interest rates with state participation, including the programs of JSC Rosselkhoznadzor and its performance indicators in this area, is considered, for the period 2020-2024. The analysis of the dynamics of weighted average interest rates on long-term loans to enterprises of the agro-industrial complex, the growth rate of agricultural production and prices for it is carried out. The current trends indicate that the current mechanism of long-term financing of agricultural producers in the country in conditions of sanctions restrictions and high key interest rates does not contribute to their development. A set of measures aimed at solving the identified problems is proposed, in particular, strengthening state support, increasing subsidies for long-term projects of agricultural enterprises, improving the mechanism for implementing preferential lending programs, and developing a mechanism for public-private partnership.