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Received 17.05.2023

Revised 21.07.2023

Accepted 29.08.2023

Retrieved from Volume 27, No. 3, 2023

Pages 62 -70

  • 1,749 Views

Suggested citation

Sahachko, Yu., Smihunova, O., & Podolska, O. (2023). Prospects for the formation of investment support for the technological growth of the agricultural sector of the Ukrainian economy in the post-war period. Ukrainian Black Sea Region Agrarian Science, 27(3), 62-70. https://doi.org/10.56407/bs.agrarian/3.2023.62

Prospects for the formation of investment support for the technological growth of the agricultural sector of the Ukrainian economy in the post-war period

Yuliia Sahachko Olena Smihunova Olha Podolska

Abstract

During the war and after its end, Ukraine needs to restore its economy, in particular the agri-food sector, which is one of the key sectors of the national economy. Investment support for the technological growth of the agro-food sector can be of decisive importance for this, because it allows to achieve high productivity, competitiveness and sustainable development of this industry, which in turn will contribute to ensuring the food security of the country, raising the standard of living of the population and reducing the outflow of labor force abroad. The purpose of the article was to analyze and determine promising ways of attracting investments to support the technological development of the agro-food sector in post-war Ukraine. Using the analysis of literary sources and statistical data, the state of the agricultural sector of Ukraine in the pre-war and post-war periods is considered and analyzed. The structure and investment attractiveness of Ukrainian enterprises are investigated. The state of business subjects in the field of agriculture was analyzed and with the help of expert assessments, it was established that small entrepreneurship is the driving force of the development of the economy and economic relations, although it is risky for investment. Using statistical analysis, the structure of foreign investment is investigated and it is established that the main problem of attracting foreign investment is outdated equipment and technologies, so it is necessary to integrate innovations into agriculture. So, after analyzing the strengths and weaknesses, opportunities and threats, it was established that appropriate financing can help implement modern resource-saving technologies in agro-food production, promote the implementation of innovative approaches, namely the introduction of modern methods of soil treatment, the use of rational water use, the introduction of automation and mechanization of production processes, the use of drones and modern monitoring systems, as well as the introduction of modern methods of storage, processing and sales of products, which will ensure increased production efficiency, reduced environmental consequences and increased competitiveness of Ukrainian agricultural enterprises on the international market. The practical value of the research lies in the ability to provide recommendations on creating a favorable investment climate, improving legislation, ensuring the protection of investors' rights, as well as infrastructure development and support for research projects in the field of agro-food production

Keywords:

resource-saving technologies; progressive development; small business; innovations; agriculture

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