Issue |
E3S Web Conf.
Volume 542, 2024
Green Horizon 2024: International Forum on Energy Management, Ecological Innovation, and Agro-Industrial Practices (YIFHG 2024)
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Article Number | 03005 | |
Number of page(s) | 9 | |
Section | Sustainable Agricultural Practices and Agro-Industrial Developments | |
DOI | https://doi.org/10.1051/e3sconf/202454203005 | |
Published online | 27 June 2024 |
Discriminant analysis of subsidies profitability in supporting investments in agricultural organizations in Russia
Russian State Agrarian University – Moscow Timiryazev Agricultural Academy, 127434 Moscow, Russia
* Corresponding author: kozlov.kirill@rgau-msha.ru
Agriculture is an important business of managing and working in the area of farming. It provides the population with the staple farm produce and raw materials, contributes to the development of rural areas and creates jobs. Agriculture plays a key role in achieving the sustainable development goals – poverty and hunger eradication, promoting inclusive and sustainable economic growth. The modern economic development involves the creation of sustainable industries, socially and environmentally oriented with an effective management system. All these issues require effective government financing of agriculture. Government funding should be focused not only on covering losses, but on achieving social and environmental sustainability. The discriminatory analysis of subsidies profitability in supporting investments in agriculture has been conducted according to the principles of ESG. As a result, the model allowing to select highly profitable agricultural producers which is similar to natural and climatic conditions with high potential for responsible investment in agriculture has been obtained. The drawbacks to the assessing system of public funds effectiveness have been identified. A comparative analysis between highly profitable and unprofitable organizations with use of indicator groups such as indexes of profitability, specialization, intensification, financial stability has been conducted. Research methods include effective and typological groupings, descriptive statistics, tabular and graphic methods, discriminant analysis, etc.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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