The author considers the current financial status and the efficiency of agriculture in Russia, evidenced from the Novosibirsk Region, as one of the leading food producers in Siberia. The basic disadvantages in the system of indicators to assess the effectiveness of state-run programs and the use of state support for the agricultural industry development are identified. The author has proposed the indicators enabling one to objectively reflect the current status of agricultural producers. These indicators can be used by the state when creating favorable conditions for expanded and innovative reproduction. They were used to determine deficiency of the state funding of the agricultural industry at different types of reproduction.

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In today's conditions, the problem of reviving the village is becoming increasingly acute in order to improve the level and quality of life of the local population and ensure the country's food security. The main goal of the research is to identify possible directions for the development of agrarian territories on the basis of multifunctionality and diversification of the rural economy. The article contains a brief theoretical analysis of the concept of “multifunctional agriculture” in relation to agricultural territories based on domestic and foreign practice, and the functions performed by agriculture are established. The current level of socio-economic development of agriculture in Siberia is assessed. The features of its development are disclosed, the influence of the multifunctional nature of agriculture on the development of agricultural territories is determined. To determine the promising areas of rural development, the potential of agrarian territories in the development of sources and opportunities for the economic activity of the population has been identified, and the need to diversify the agricultural sector of the Siberian economy as the basis for the development of multifunctional agriculture in conditions of economic instability has been proved. Within the framework of the study, for the realization of the ecological, social and economic functions of agriculture on the basis of diversification of the rural economy, promising directions for the development of agrarian territories have been proposed that can speed up the recovery of the rural economy of Siberia.