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Structural correction of the agricultural production as a factor of its effective growth

O. Shubravska

Economy and Forecasting, 2016, issue 1, 71-82

Abstract: The volume of available financial, material and technical resources of Ukraine's agriculture, and condition of its environmental component cannot be considered as satisfactory and sufficient for the effective growth of agrarian sector. This makes it possible to confirm that agricultural production needs serious structural changes in accordance with concept of innovation based sustainability, which is generally accepted in the world, particularly as to agriculture and rural area. Structural reforms in Ukrainian agriculture should be provided first of all in the following directions: leveling the income level, overcoming the discrimination of small farmers; ensuring the accelerated development of livestock production and stabilization of its rate in the sectoral structure of agriculture; adjusting the structure of farmland and crops plantations in order to increase the share of natural rangeland and feed crops; raising the share of credit resources in the structure of financial provision for the agriculture; and decreasing the share of imports in the structure of agricultural resources. For each of those directions, mechanisms for the acceleration of structural transformations are proposed. It is suggested to estimate the effectiveness of this process according to the dynamic of the corresponding indexes.

Date: 2016
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Handle: RePEc:eip:journl:y:2016:i:1:p:71-82