Abstract

The paper is relevant due to the need to ensure the sound functioning of all links constituting the economic agrarian sector by deepening research and elaborating recommendations to improve the economic mechanism for managing rural commodity producers in the face of fierce competition in the global food market. The paper proposes development trends and rationale for priority directions to nourish agrarian business and agricultural production. The paper is devoted to a comprehensive study of the current agrarian sector of the economy and the priority areas for sustainable agrarian business entities functioning in modern conditions of external and internal socio-political challenges. It provides a scientific rationale for the directions of state regulation of processes in rural areas. It defines the priority strategic directions for agrarian sector to flourish, improving the mechanisms of state regulation of agriculture. The theoretical provisions and practical recommendations proposed in the paper will solve the problem of sustainable growth in the production of competitive agricultural products, increasing the efficiency of state support, strengthening the economy of agricultural producers and ensuring the socio-economic development of rural areas.

Highlights

  • An important direction in achieving social and economic stability of the country is sustainable progressive development of the branches of the domestic economy

  • Among the factors that have an important impact on the economic development, it is definitely necessary to highlight the identification of trends and the definition of priority strategically important directions for the development of the agrarian economic sector

  • The priority directions for the development of the agrarian sphere of life primarily involve a steady provision of increased growth rates of volumetric indicators in the industrial sectors of agricultural raw materials, achievement of financially stable activities of the entities comprising the agrarian business

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Summary

Introduction

An important direction in achieving social and economic stability of the country is sustainable progressive development of the branches of the domestic economy. The priority directions for the development of the agrarian sphere of life primarily involve a steady provision of increased growth rates of volumetric indicators in the industrial sectors of agricultural raw materials, achievement of financially stable activities of the entities comprising the agrarian business.

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