Investments, subsidies and implementation of scientific and technological progress – a lever to enhace phytotechnical branch efficiency

Abstract

For the economy of agricultural enterprises a great importance has investment activity, which directly influences the production potential. Investments for agricultural development have a pronounced innovative nature, material conditions are created to promote the technical progress and scientific research results in agriculture, which would provide the improvement of production means, technologies, forms of production organization and renewal with various types of products (Brassica). Capital investments play a critical role in ensuring economic development and restructuring of agriculture. One of the directions and priority sectors of agriculture which will be subject to subsidy policy is modernization of agricultural sector. For it will be subsidized investment activities related to creation of agricultural production processing units, provision of technical and agricultural equipment, creation of infrastructure for collecting agricultural products, supply of agricultural inputs, perennial plantations, production of seeds, planting and reproductive material, development of service sector in agriculture, and also construction and restoration of irrigation and drainage systems.