State Regulation of the Digital Transformation of Agribusiness in the Context of the Climate Crisis Intensification

Abstract

The research states that the exacerbation of the climate crisis observed in recent years is accompanied by an increase in ground-level temperatures, natural disasters, loss of water resources, and other extreme weather events, which significantly impact the economy, water, and food security of water-dependent countries and the expected consequences shortly. For this purpose, during this research, data from the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan were studied, and a sample of private indicators of the country’s agribusiness digitalization potential was made, which were further normalized to construct a mathematical model of the correlation between the level of digitalization of the agricultural sector and the volume of water consumed by agribusiness. The feasibility of using agricultural notes (electronic agricultural receipts) in Kazakhstan’s agribusiness as an innovative tool for attracting funds to develop agricultural production is justified. It is highlighted that the agricultural note has the potential to become a successful tool for attracting funds for the digitalization of the agricultural sector, provided it acquires the status of a full-fledged market product, in which state regulation of Kazakhstan’s agribusiness digital transformation plays a significant role.

Keywords

• digitalization
• digital transformation of agribusiness
• climate crisis
• government regulation of digital transformation
• water dependence of the country