Bìznes Inform (Nov 2021)
The State Regulation Of Investment Activity In Agriculture: The Regulatory Aspect
Abstract
Based on the analysis of the world practice of the State regulation of investment activity in agriculture, the article sets priorities that include the development of a regulatory framework, formation of international and the State investment programs, accumulation of investment resources and financing of specific agricultural investment projects. Normative-legal regulation of investment activity in agriculture is analyzed based on consideration of aggregate measures carried out by public authorities, adoption and implementation of legal acts in accordance with institutional powers. The legal basis of this process is the Laws of Ukraine, decrees of the President of Ukraine, resolutions of the Cabinet of Ministers of Ukraine, orders and directives of the relevant government institutions. For their analysis, a historical digression was made and the evolution of the formation of the normative-legal mechanism of the State regulation of investment activity in agriculture, in particular by periodizing this process, was revealed. The separation of five stages of formation of the normative-legal mechanism of the State regulation of investment activity in agriculture allowed to pay more attention to qualitative changes in agrarian policy, gradual introduction of private land ownership, regulation of agricultural land use. The necessity of further improvement of the legal framework of investment activity in agriculture as an effective factor in the formation of a favorable investment climate and the implementation of relevant activities is substantiated. In this context, the significance of the adoption by the Verkhovna Rada of Ukraine of the Law "On Amendments to Certain Legislative Acts of Ukraine Concerning the Conditions of Circulation of Agricultural Land" and its alleged introduction of market circulation of agricultural land is revealed. It should be expected that the practical implementation of its provisions will help attract long-term lending to agricultural production and significantly expand investment activities.
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