Abstract
The article highlights the role of the state as an element of the institutional mechanism in increasing the multiplicative effect of agricultural development. The tasks of the state agrarian policy aimed at achieving certain strategic goals have been identified. The directions of functioning of the institutional mechanism of agricultural sector development are outlined: improvement of normative-legal provision and system of state planning of agricultural sector development, formation of effective mechanism of state support of agricultural producers, improvement of structure of state regulation institution, overcoming institutional traps of state regulation of agrarian sector. The signs of the mechanism of state support for the development of agricultural production in Ukraine, which is represented by a set of organizational and functional institutions, are given. The main instruments of state support of agricultural production are highlighted: measures for preferential and priority lending for investment projects; preferential insurance of crops of certain agricultural crops; distribution of budget funds in different directions. The state subsidizes interest rates on loans to agricultural production entities, the formation of regional and state food funds, leasing, etc. The importance of approximation of the legislation of Ukraine to the regulations in force in the EU in the field of technical regulation of the lists of national standards, which are identical to the harmonized European standards, is determined. The main problems in the domestic agricultural sector are outlined. It is noted that the formation and implementation of state support mechanisms should ensure the development of peasant farms, financing of production and social infrastructure, soft loans and insurance of agricultural activities, streamlining the tax system. It is important to achieve optimal interaction between the use of market relations and rational state intervention in agriculture. The main components of the institutional mechanism of state support of the agricultural sector in modern conditions are offered.
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