Financing of the agricultural industrial complex of Ukraine: problems and prospects

Abstract

The paper is devoted to the analysis of the financing of the agro-industrial complex of Ukraine, the identification of problems and prospects of this process. During the research, methods of a scientific and empirical nature were used the collection and comparison of information, as well as complex analytical methods, which include synthesis and generalization. The informative basis of the paper is the scientific works of domestic and foreign scientists who consider the issue of financing the agro-industrial complex and the problems associated with its development. The paper noted that Ukraine with its fertile land has great potential for the growth of this sector of the economy. However, the unconscious and inefficient use of natural resources, as well as internal and external economic challenges put it at risk. Factors that hold back the development of this industry include insufficient financing, lack of available credit, low level of investment, bureaucratic obstacles, corruption and instability, infrastructure problems. The experience of foreign countries can be useful for Ukraine in the field of state support of the agro-industrial complex. The conclusion emphasizes that financing the development of the domestic agricultural sector is an urgent problem that requires a comprehensive approach. To ensure the sustainable development of the industry, it is necessary to increase state support, expand lending programs on favorable terms, support scientific research and development of agricultural technologies. Tax incentives for agricultural producers and the development of processing of agricultural products can contribute to an increase in added value and the number of jobs. Strengthening the financial stability of the sector and increasing the export potential of products with high added value can have a positive effect on the country's economy and ensure the sustainable growth of agriculture. A close relationship between state institutions, enterprises and scientific institutions is necessary for the successful implementation of these measures.