This article presents strategic goals of sustainable development of agriculture sector in Mongolia. It outlines relevance of application and implementation of advanced technologies in agricultural production, including smart farming, geo information systems and satellite navigation. In recent years, the researchers of Mongolian University of Life Sciences are actively working on developing climate adaptation technologies with regard to agricultural crops, as well as application of the latest achievements of biotechnology and genetic engineering to breeding of highly productive livestock. The first results have already been achieved. The urgent and current objectives of agriculture sector development of Mongolia involve application of certain elements of the Fourth industrial revolution to livestock and plant production sector of Mongolia, and implementation of a well-thought policy and measures on introduction of new technologies aimed at increasing production of environmentally-friendly organic product and its export, as well as protection and conservation of the environment.