Abstract
In agriculture, the downsizing of the machinery fl eet is still underway, which leads to a violation of the agrotechnical terms of technical operations, incomplete yields, and loss of products. Reproduction of the machine and tractor fl eet in agriculture is possible provided there are fi nancial sources: own (depreciation, profi t) or borrowed funds. Based on the analysis of statistical data of Rosstat, the Ministry of Agriculture of Russia, publications in scientifi c journals, etc. the author established that the share of investments in machinery and equipment in the total volume of investments in fi xed assets in agriculture in 2017-2019 was 30% less than in the Russian economy as a whole. In the structure of investment fi nancing, the share of own funds was more than 50%, including the depreciation share of about 20%, which indicates that the reproduction mechanism does not work eff ectively enough. The volume of profi t is also insuffi cient. In 2019, the share of enterprises with a profi tability rate of more than 10% (making the reproduction process feasible) amounted to 55%. The high debt on loans (about 7% of the total revenue of agricultural organizations, 136% of the profi t in 2019) makes it necessary to provide state support for the acquisition and search for ways to operate the reproduction mechanism more eff ectively.
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