Financing mechanism for modernization of the technological base of agriculture: problems and directions of development

This article examines the challenges associated with finding of sources for technological modernization in the national agro-industrial complex. A contradictory situation has developed in the country's agriculture sector. On the one hand, despite the urgent need, farmers are forced to forego updating their agricultural machinery fleet. On the other hand, agricultural machinery manufacturers are unable to sell their products and are reducing production. This situation is being driven by the rising cost of agricultural machinery, rising recycling fees, and a lack of sufficient funding. As a result of this contradiction, there is a slowdown in the renewal of agricultural production facilities with high depreciation of fixed assets, necessitating the implementation of additional support measures for agricultural market participants. The authors also propose the use of digital financial assets with organizational support from regional credit institutions and executive authorities.