Digital Modernization of Entrepreneurship in the Market of Agricultural Machinery for Infrastructural Support of Smart Innovation in Agriculture

Abstract

AbstractThe paper aims to scientifically substantiate the need and develop applied recommendations for the successful digital modernization of entrepreneurship in the market of agricultural machinery for infrastructural support of smart innovation in agriculture based on studying the Russian experience. The author applies regression analysis, which is used to conduct the study in three successive stages. The first stage models the contribution of demand factors on the Russian market of agricultural machinery to the food security index. The second stage determines the dependence of the selected demand factors on the supply factors in the Russian market of agricultural machinery. In the third stage, the system optimization of supply and demand factors in the Russian market of agricultural machinery is carried out to maximize its contribution to food security. As a result, the paper substantiates that the digital modernization of entrepreneurship in the Russian market of agricultural machinery for infrastructural support of smart innovation in agriculture is a complex task. This task involves establishing the production of high-tech agricultural machinery for Agriculture 4.0 while refusing to increase prices on agricultural machinery and maintaining them at the level of 2020. The solution to this problem requires an active government position during the digital modernization of entrepreneurship in the Russian market of agricultural machinery.KeywordsDigital modernizationEntrepreneurshipAgricultural machinery marketInfrastructure supportSmart innovation in agricultureRussiaJEL ClassificationH54Q13L64L66