Investment Support for Sustainable Development of Agricultural Enterprises in Ukraine

Abstract

Abstract The article proves the need to intensify investment activities in agricultural enterprises, which is the main condition for the implementation of the principles of sustainable development. Factors that hinder investment processes and the reasons for their manifestation have been identified. The tendencies in realization of capital investments in the fixed capital of agriculture which have positive dynamics are defined, however, their insignificant reduction in 2019 was observed. The structure of sources of financing the activities of agricultural enterprises in 2019 is determined: own funds – 71.1%, loans – 14.1%, foreign investments – 14.4%, state budget funds – only 0.4% and highlights the obstacles to the formation of external and internal sources of investment. According to the results of the survey, the directions of investment activity of agricultural enterprises, restraining factors, and financial opportunities in the implementation of investment projects are determined. It is established that today, 52.7% of enterprises did not make investments that would be environmentally friendly, and only 28.2% invested in the development of social infrastructure and human capital. The main measures to intensify investment activities of agricultural enterprises are substantiated, which include: formation of elements of investment infrastructure in the region, improvement of depreciation policy at enterprises, development of public-private partnership, introduction of state programs for rural development, improvement of agricultural land lease and others.