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Problems and prospects of technical and technological renovation of the regional agro-industrial complex

Andrey Gusev

Year
2021
Citations
5

Abstract

Abstract Technical and technological renewal of the agricultural sector is the main priority of the national agricultural policy, thanks to which the country will be able to reach food independence and security. The modern material and technical base of the industry in most regions, as well as in the country as a whole, is distinguished by a high degree of physical and moral deterioration. It is impossible to produce agricultural products that meet the requirements of world standards with the help of an outdated material and technical base. Due to low profitability, technical and technological renewal and modernization of the material and technical base of agriculture must rely on solid state financial support. Currently, the industry is deeply dependent on technical provision with imported machines and equipment. The key task of the current agro-industrial complex should be considered its transfer to innovations, digital technologies, and robotization. The industry’s orientation towards these areas requires the development of modern methods for assessing the efficiency of using fixed assets, innovations and investments.

Keywords

Modernization theoryAgricultureBusinessProfitability indexIndustrial organizationTechnical progressEconomicsEconomic growthFinance

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