The concept of fixed assets: the economic essence and the main stages of their reproduction in agriculture

Abstract

The authors systematized the theoretical concepts of reproduction of fixed assets, pro-posed to identify the concepts of the theory of the reproduction process, their interaction and difference in the form of a scheme of interaction of the main categories of the reproduction process.Having a clear idea of each element of fixed assets in the production process, their physical and moral deterioration, the factors affecting the use of fixed assets and production capacity of agricultural organizations highlighted the circumstances that ensure the optimization of production costs and im-prove the efficiency of the use of fixed capital.The hypothesis of this study is the assumption that fixed assets in agricultural production contain dif-ferent means of labor. In the process of agricultural production, depending on their functional purpose, they can be divided into fixed assets for production and non-production purposes.The purpose of this study is to systematize and substantiate the concepts that determine the eco-nomic essence of the concepts of fixed assets, fixed capital, fixed assets in agricultural organizations. The scientific novelty of the study is to develop and substantiate the distinctive features of economic definitions: fixed assets, fixed capital, fixed assets of agricultural organizations in terms of interaction in the reproduction process in agriculture in order to develop production, increase the efficiency of fixed capital.

Keywords

• fixed assets
• production assets
• agriculture
• production process
• innovation.