World experience of investing in agriculture: adaptation to modern realities of the Republic of Kazakhstan
https://doi.org/10.46666/2022-4.2708-9991.02
Abstract
The goal – is to develop proposals for adapting the world experience in financing agriculture to the realities of Kazakhstani economy. Methods – statistical, comparative analysis, comparison, generalization of results. Results – positive aspects of the world practice of investing in agricultural sector and possibility of using its levers and tools in domestic conditions have been identified. Emphasis is placed on one of the main problems of competitiveness of any state - ensuring self-sufficiency of the national economic system. The features of attracting investments in agro-industrial complex of the republic, current state and trends in expansion of investment activity are analyzed. Measures for the effective management of inv estment processes are proposed. The problems of investment provision of the country's AIC are shown. As a result of the lack of effective market infrastructure, high riskiness, and relatively weak dynamics of making profit from investments, agro-industrial production has a low investment attractiveness, which, in turn, repels a significant part of investment resources to other industries that quickly pay off. The international experience has been studied and directions of public support for agriculture in foreign countries have been determined. Conclusions – in order to attract and develop investment funds, it is necessary to use regulatory methods aimed at improving the effectiveness of investment activities, which must correspond to the appropriate level of economic development of the State. The authors state that the guarantee of food security directly depends on the amount of investment in agricultural sector, which allows creating additional jobs, taking a leading position in the world market, and increasing export potential. Justification of investment policy in each State should be the result of a thoughtful and purposeful choice, taking into account the distinctive features of potential investors and specifics of particular economic situation.
About the Authors
K. YukselKazakhstan
Yuksel Kadir; Ph.D student
161200 Bekzat Sattarkhanov Ave., 29, Turkestan
Mustafa Nursoydin
Kazakhstan
Nursoydin Mustafa; Professor; Dean of the Faculty of Engineering
Muğla
K. B. Zhumanazarov
Kazakhstan
Zhumanazarov Kasymkhan Bekbauovich; Candidate of Economic Sciences, Associate Professor; Associate Professor of the Department of Economics and Management
010000 Kayym Mukhametkhanova str., 37A, Astana
References
1. Popova, O.V. & Dolgova, S.A. (2016). Perspektivy adaptatsii opyta gosudarstvennoi podderzhki agrarnogo sektora stran severoatlanticheskoi zony OESR k usloviyam Rossii [Prospects for adapting the experience of state support of the agrarian sector of the countries of the North Atlantic zone of the OECD to the conditions of Russia]. Finansovyi menedzhmentFinancial Management, 45– 57 [in Russian].
2. Semenova, N.N. (2015). Otsenka effektivnosti gosudarstvennoi podderzhki agrarnogo sektora ekonomiki [Evaluation of the effecttiveness of state support for the agrarian sector of the economy]. Finansovaya analitika: problemy i resheniya-Financial analytics: problems and decisions, 9 (243), 45-52 [in Russian].
3. Agricultural policy: monitoring and evaluation. -2017. – Available at: http://www.oecdilibrary.org/agriculture-and-food/agricultural-policy-monitoring-and-evaluation-2017agr_pol-2017-en;jsessionid=42p835utt3agu.xoecd-live-03 (date of access: 12.09.2022).
4. Agricultural Policy Monitoring and Evaluation.-2020.-Available at: https://www.oecd.org/agriculture (date of access: 14.09.2022).
5. Petrikov, A.V. (2022). Prioritety strukturnoi politiki v sel'skom khozyaistve Rossii [Priorities of structural policy in agriculture in Russia]. Problemy agrorynka-Problems of AgriMarket, 1, 13-23. https://doi.org/10.46666/2022-1.2708-99 91.01. [in Russian].
6. Rykova, I.N., Shkodinskii, S.V. & Yur'eva, A.A. (2019). Opyt otdel'nykh stran Evropeiskogo Soyuza v podderzhke APK [Experience of individual countries of the European Union in supporting the agro-industrial complex]. Vestnik Tverskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenieBulletin of the Tver State University. Series: Economics and Management, 1, 38-51 [in Russian].
7. Polushkina, T.M. (2019). Organicheskoe sel'skoe khozyaistvo v sisteme ustoichivogo razvitiya sel'skikh territorii: ucheb.dlya vuzov [Organic agriculture in the system of sustainable development of rural areas: textbook for universities]. Saransk: Mordovskii un-t, 284 p. [in Russian].
8. Kamysbaev, M.K., Moldashev, A.B., Berdykulova, G.M. (2022). Agropromyshlennoe proizvodstvo Kazakhstana: voprosy diversifykatsii kak prioritetnogo napravleniya razvitiya [Agro-industrial production in Kazakhstan: issues of diversification as a priority direction of development]. Problemy agrorynka-Problems of AgriMarket, 3, 13-20. https://doi.org/10.46666/2022-3.2708-9991.01. [in Russian].
9. Akhmetova, K.A., Terzhanova, A.Zh. & Akhmetova, A.A. (2020). Gosudarstvennoe regulirovanie agrarnogo sektora Kazakhstana [in Russian]. Problemy agrorynka-Problems of Agri Market, 3, 60-66. https://doi.org/10.46666/2020.2708-9991.07. [in Russian].
10. Neganova, V.P. & Dudnik, A.V. (2018). Sovershenstvovanie gosudarstvennoi podderzhki APK regiona [mproving state support for the agro-industrial complex of the region]. Ekonomika regiona-Economics of region, Vol. 14, 2, 651-662 [in Russian].
Supplementary files
Review
For citations:
Yuksel K., Nursoydin M., Zhumanazarov K.B. World experience of investing in agriculture: adaptation to modern realities of the Republic of Kazakhstan. Problems of AgriMarket. 2022;(4):25-32. (In Kazakh) https://doi.org/10.46666/2022-4.2708-9991.02