INVESTMENT FACILITY OF MATERIAL AND TECHNICAL SUPPORT OF AGRICULTURE OF THE RUSSIAN FEDERATION

Purpose: study of the features, state and problems of the material and technical support of agricultural production, substantiation of methods and facilities for investing in the development of material and technical base (MTB) of agricultural enterprises. Materials and methods. The use of statistical and comparative analysis methods in the process of processing and interpreting the data of the Federal State Statistics Service of Russia made it possible to identify the features and trends in the reproduction of MTB of agricultural producers and to determine the directions of investment processes development in agriculture. Results. The comprehensive quantitative and qualitative analysis of the material and technical condition of agricultural enterprises is provided. The tendencies and contradictions in financing the investment needs of MTB reproduction, expressed in an increase in the cost indicators of fixed assets of agricultural enterprises with a decreasing quantitative indicators of agricultural machinery, are indicated. The financial conditions and sources of financing investments in fixed assets which made it possible to identify the dependence of investments on external sources with insignificant state financial support for agriculture have been analyzed. Conclusions. There are internal reserves for the formation of investment funds in agriculture. However, the high risks associated with the essence of agricultural production determine the fact that the investment mechanism development in the agricultural sector largely depends on the forms of state financial support for the industry. Tax incentives, depreciation policy of enterprises, the development of concessional lending and leasing, public-private partnerships in the agricultural sector are designated as tools to stimulate the investment process.