The role of investments in increasing the economic efficiency of agricultural production

The research is aimed at studying the role of investments in increasing the economic efficiency of agricultural production. As a result of the analysis, a close relationship was revealed between the index of the physical volume of investments and the increase in gross output. More than 70 % of state support for agriculture is concentrated in the Central Federal District and the Volga Federal District. This fact determines the uneven development of rural areas. The authors note that the livestock industry, due to the high saturation of the domestic market, becomes less attractive to investors, as the risks of non-demand for products increase. A negative situation is also developing in grain production as a result of the lack of opportunities for the development of the production base, high export duties, reduced technological efficiency of cultivation, and high natural and climatic risks. A decrease in investments is also observed in the greenhouse industry, due to the highly competitive market and the lack of state support measures to reimburse capital costs for the construction of greenhouses. There is no stagnation in the industrial segment of dairy production. There is a tendency to suspend investment projects for the construction or modernization of livestock complexes, greenhouse complexes, grain terminals, as well as grain processing plants. The main attractive segments for investment at the moment are the production of fertilizers, grain cultivation, production of oils and fats, and production of dairy products.