Mechanisms and sources of investment development of agriculture in resource-deficient regions: russian and foreign experience

Ural State University of Economics, Yekaterinburg, Russia

^* Corresponding author: sorokinaea@gmail.com.

Abstract

In the article, the author presents an analytical review of the mechanisms and sources of investment development of agriculture in resource-deficient regions (Russian and foreign experience). Mechanisms for the development of agriculture in the region are proposed (provision of tax incentives/ holidays for agricultural producers; construction of housing for employees working in the field of agriculture; drawing up a map of priority projects for which state support is needed; provision of fuel and lubricants to entrepreneurs on a free basis during the sowing period; formation of standard models of strategic documents for the development of agriculture in resource-deficient regions; etc.). The author proposes to introduce a” failure-target” approach to the formation, financing and implementation of projects in the field of agriculture in resource-deficient regions. The proposals presented by the author will improve the quality of strategic planning of the territory; expand the process of digitalization in the field of agriculture, allow more efficient spending of budget funds, improve the quality of project management approach.