FOREIGN AND DOMESTIC EXPERIENCE OF ENCOURAGEMENT OF THE INVESTMENT ATTRACTIVENESS OF THE AGRICULTURAL SECTOR

The agricultural sector is considered as one of the least investment-attractive sectors in Russia due to its high capital intensity, the dependence on natural climatic conditions, significant fixed costs, and poor management. Government creates regulatory and socio-economic conditions for the agricultural sector development, so it is advisable to study the experience of developed countries in the matters of government support and regulation of the agricultural sector and the strengthening of its investment attractiveness. The author analyzed the measures of state regulation in the EU countries, China, and the USA and concludes that the governments of these countries pay close attention to the development of production and market infrastructure and provide the extensive support for the farmers, and the circumspect agricultural policy allows foreign countries competing in the domestic and foreign markets and provides high performance of the agricultural sector. Taking into account the current situation in the economy and the major issues of domestic agricultural production, the author formulated the main directions of the application of foreign experience of the agricultural sector state regulation in Russia. The author determined the goals, the objectives and the tools of domestic agricultural state policy with the account of the foreign experience.

The author showed possible positive consequences of the investors’ attraction to the agricultural sector of economy, formulated possible measures of active state regulation towards the strengthening of investment attractiveness of agricultural sector, and made the conclusion about the necessity of balanced government intervention in the investment activity of agricultural manufacturers with the simultaneous integrated legal support in order to ensure stable development of Russian agricultural sector.