A study of the effectiveness of state support for agriculture in the region (based on material from the Krasnoyarsk Territory)

Abstract

Agriculture is a key sector of the economy that ensures food security in the region and the country as a whole. The peculiarity of the functioning of agriculture is determined by such factors as the riskiness of activity, high intersectoral competition, dependence on natural and climatic conditions and seasonality. Agriculture is the industry most dependent on state support, and the provided state support is not sufficient to increase the profitability of agricultural production and ensure investment attractiveness. A significant differentiation between the necessary resource support for agricultural production and the state support received determines the need for a science-based approach to studying the issue of state support for agriculture. The article provides an assessment of the institutional features and the effectiveness of the distribution of state subsidies in the region. The sources of subsidies, organizational and legal forms of recipients, and directions of state support were selected as estimates. The analysis shows that most of the subsidies are received by agricultural organizations having the legal form of a limited liability company. The level of state support for agriculture did not affect the number of small and medium enterprises and the value of their turnover, which allows us to assess the effect of subsidies as insufficient. The greatest effect of state support was identified among producers of grain and milk.