THE IMPACT OF INVESTMENTS ON THE EFFICIENCY OF USING THE RESOURCE POTENTIAL OF AGRICULTURAL ENTERPRISES

Authors

  • S.I. Ivaniv Precarpathian National University named after Vasyl Stefanyk, Department of Accounting and Taxation, Shevchenko str., 57, Ivano-Frankivsk, 76000 https://orcid.org/0000-0001-6743-0804

DOI:

https://doi.org/10.15330/apred.1.17.115-127

Keywords:

investments, agricultural enterprises, resource potential, technical support, investment attractiveness

Abstract

Ukraine's agriculture needs modernization at this stage of development. One of the steps that can bring the level of activity of domestic agricultural enterprises to foreign ones is investment from various sources. Agricultural enterprises of Ukraine have all the opportunities to attract in their activities and in the development of technical equipment - foreign investment, given the rich chernozem Ukrainian lands and current trends in the consumption of organic products. The study aims to study in detail the relationship between the use of resource potential by agricultural enterprises and investment.

The purpose of the study is to study and analyze the impact of various forms of investment on the activities of agricultural enterprises and the efficiency of resource potential.

The study used the following methodological framework: grouping method to determine the forms of investment in agricultural enterprises; graphical method to reflect the volume of imports of new and used agricultural machinery, as well as the dynamics of capital investment in agriculture; calculation method for determining the value of the average annual absolute increase in capital investment in agriculture; analytical method for determining the deterrents of investment activity in agriculture.

The article analyzes the possible forms of investment and their impact on the structural components of resource potential. As a result of the study, it was determined that the greatest impact of investment activities has on the technical component of the resource potential of agricultural enterprises.

The study identifies the main factors that create an unfavorable climate in attracting investment in agriculture. The article contains recommendations on how to increase the investment attractiveness of the agricultural sector at the state level and at the level of agricultural enterprises themselves, especially when it comes to attracting foreign investment. The dynamics of capital investment is demonstrated, where as a result, the reduction of investment in recent years is determined.

The results obtained during the study can be used by agricultural enterprises in planning the use of their own investment fund and attract foreign investment.

Author Biography

S.I. Ivaniv, Precarpathian National University named after Vasyl Stefanyk, Department of Accounting and Taxation, Shevchenko str., 57, Ivano-Frankivsk, 76000

Postgraduate

References

References
1. Pruntseva, G. O. “Analysis of the impact of investment resources on the state of food security.” Regional economy, no. 2, 2020, pp. 94-101.
2. Stupen N. M. Formation of investment factors of rational land use. Extended abstract of candidate’s thesis. Kyiv, 2007.
3. Gotra, V. V. “Current state, factors of provision and directions of intensification of investment activity in the field of agriculture.” Economics and management of the national economy, no. 6, 2015, pp.114-121.
4. Buluy, O. G. “Own sources of financing of investment activity of agricultural enterprises of Zhytomyr region.” Bulletin of Zhytomyr National Agroecological University, no.2(2), 2012, pp..339-345.
5. Gritsayenko, G. I., Gritsayenko, I. M. “Investments in technical support of agricultural production.” Global and national economic problems, issue.12, 2016, pp.53-58.
6. “International financial statement standard for small and medium enterprises(IFRS for SMEs).” The Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/929_063#Text . Accessed 19 Jul.2021.
7. Alekserova, Y. V., Kondratyuk, T. “Ways to attract investment in agricultural development.” Rusnauka, www.rusnauka.com/25_NNP_2011/Economics/4_91977.doc.htm. Accessed 19 Jul.2021.
8. “Draft Law on Amendments to Certain Legislative Acts of Ukraine Concerning the Circulation of Agricultural Lands.” The Verkhovna Rada of Ukraine, w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=67059. Accessed 19 Jul.2021.
9. “Import of agricultural machinery to Ukraine in one infographic.” Agroportal, agroportal.ua/ua/publishing/infografika/import-selkhoztekhniki-v-ukrainu-v-odnoi-infografike/. Accessed 19 Jul.2021.
10. Prokopenko, O. (Eds.). Statistical collection "Agriculture of Ukraine": for 2019. Kyiv, State Statistics Service of Ukraine, 2020.
11. “Comprehensive program for the development of the agro-industrial complex and rural areas of Ivano-Frankivsk region in 2021-2025.” Orada.if.ua , orada.if.ua/wp-content/uploads/2020/08/%D0%94%D0%BE%D0%B4%D0%B0%D1%82%D0%BE%D0%BA.pdf. Accessed 19 Jul..2021.
12. Kozachenko, Yu. P. “Introduction of a mechanism of public-private partnership in order to improve the infrastructure of the region in the context of decentralization of management.” Law and public administration, no.2(35), 2019, pp.197-202.
13. “Analytical review of Ukraine's place in the World Bank's Doing Business rating.” Me.gov.ua www.me.gov.ua/Documents/Detail?lang=uk-UA&id=9cd60d26-fa44-481c-bb2a-1b28c713081f&title=AnalitichniiOgliadmistseUkrainiUReitinguSvitovogoBankudoingBusiness. Accessed 19 Jul..2021.
14. “Agricultural investments "for" and "against".” Propozitsiya, propozitsiya.com/ua/agrarni-investiciyi-za-i-proti. Accessed 19 Jul..2021.
15. Kozyar, N. O. “Methodical approaches to the evaluation of investment activity of agricultural enterprises.” Agrosvit. no. 16, 2019,. pp.67-75.

Downloads

Published

2021-11-30

Issue

Vol. 1 No. 17 (2021): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT

Section

Agroindustrial policy

License

Authors who publish with this journal agree to the following terms:
    1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    1. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  1. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)