| Issue |
E3S Web Conf.
Volume 371, 2023
International Scientific Conference “Fundamental and Applied Scientific Research in the Development of Agriculture in the Far East” (AFE-2022)
|
|
|---|---|---|
| Article Number | 01064 | |
| Number of page(s) | 12 | |
| Section | Smart Farming and Precision Agriculture | |
| DOI | https://doi.org/10.1051/e3sconf/202337101064 | |
| Published online | 28 February 2023 | |
Financing the digitalization of agribusiness: Russian and foreign experience
Don State Technical University, 1, sq. Gagarina, Rostov-on-Don, 344002, Russia
* Corresponding author: oa_yureva@mail.ru
The scientific article is devoted to the study of domestic and foreign experience in financing the digitalization of agribusiness. The purpose of the scientific research is a critical review and analysis of the best domestic and foreign practices for financing the digital reform of the agro-industrial complex and related problems and possible solutions. When preparing a scientific publication, general scientific methods (observation, comparison, measurement, analysis and synthesis, the method of logical reasoning) and specific scientific methods (static analysis, peer review, graphical method) were used. Results: a critical review of domestic and foreign practice showed a significant role of private and corporate investors in the face of venture funds, endowment funds of specialized universities and active processes of intercompany cooperation between agribusinesses and IT companies. In the Russian Federation, the practice of financing the digitalization of the agro-industrial complex, on the contrary, is built on the high centralization of financial resources represented by the state regulator - the Ministry of Agriculture and its subordinate funds. This leads to the conclusion about the need for a deep revision of the mechanism for providing financing in favor of decentralizing tools and popularizing the work of private and corporate funds for financing agrotech, as well as developing the practice of online application through the developing virtual banking service for financing the APK "Smart- Contract".
© The Authors, published by EDP Sciences, 2023
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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