Investment Attractiveness of Agriculture in Ukraine: Factors and Prospects for the Future

Abstract

The article considers the current state and prospects of the development of innovation processes in the agro-industrial complex in the context of globalisation and integration into the world economic space. The relevance is determined by the fact that agriculture in Ukraine needs innovative and investment changes that will become one of the priority factors in the post-war recovery of the industry. The purpose of the article is to analyse the current situation in the agricultural sector of Ukraine, possible problems, and ways to increase investment activity. The most favourable and effective mechanisms for incorporating innovative activities into the agricultural sector of the economy are identified. The priority steps to transform the policy of agricultural production in the innovation sphere are formulated and substantiated. The main trends and possibilities of modern support for the development of innovation processes at all stages of product creation and sales are identified. The methodology includes primary research data and analysis of statistical data for 2017–2023. The basis for the further development of the agro-industrial complex and strengthening its competitiveness in the global food market should be a targeted state policy aimed at introducing innovative development models in the agricultural sector. Reforming the agricultural sector of Ukraine should be aimed at the organisational, technical and technological restructuring of agricultural production, creating the basis for dynamic, integrated, and development of enterprises, the industry, and the country. The article concludes that ensuring favourable conditions for the sustainable development of innovation in the agricultural sector should become a priority for the development of Ukraine's agro-industrial complex in the context of the country's integration into the global economic space. The main tool for achieving this goal is the development and implementation of optimal and effective mechanisms for restructuring economic and management processes in the agricultural sector of the national economy.