Assessment of mechanisms for subsidizing agricultural cooperatives

Abstract

The assessment of the effective indicators of subsidizing agricultural cooperatives in Kazakhstan is one of the little-studied topics. The purpose of the study is to assess the current state of subsidy mechanisms and their impact on the performance indicators of the agricultural cooperatives of Kazakhstan. The following methods were used: empirical, hypothetical, scientific abstract, dynamic analysis, synthesis, comparative analysis, systematic approach, monographic methods were used to assess the mechanisms of subsidizing agricultural cooperatives. The article demonstrated the experience of countries that have achieved high results using effective agricultural cooperative subsidy mechanisms, and assessed the current state of agricultural subsidy mechanisms in the country, including in the Zhambyl region. The impact of subsidies on the performance indicators of the agricultural cooperative for 2018– 2022 is estimated. It is concluded that Kazakhstan is improving the mechanism of subsidizing the ASH industry, taking into account the experience of countries around the world. As a result, the number of agricultural cooperatives has increased and production volumes have increased. Nevertheless, the number of employees in it is decreasing every year. Therefore, in order to radically solve problems in rural areas, it is worth taking into account the experience of developed countries. Our study scientifically substantiates the importance of applying US insurance and guarantee approaches to further strengthen financial support and subsidy mechanisms for agricultural enterprises. This is due to the fact that a strong insurance market allows private farmers to survive the difficult times of the crisis and create prerequisites for further development of the agro-industrial complex.