The financial aspect of the innovative development of the agricultural sector of the economy

Abstract

The competitiveness of the agricultural sector of the Russian Federation in the future depends on strategic decisions in the field of innovative development. The article examines the state of financing innovative activities in the agro-industrial complex, and also provides a comparison with the leading countries of the world in this industry. The strategy of innovative development of the agricultural sector is proposed, the emphasis is on attracting public and private investments in scientific research and financing, primarily the processing industry, agricultural engineering and domestic startups. The strategy of innovative development of the agricultural sector is proposed to be implemented in stages. The first stage is aimed at the industrialization of the agricultural sector, the second at the construction of world-class processing enterprises, the third at the formation of a national innovation system, the fourth at the evolutionary transition to sustainable agroecological development and its priority financing. The strategy of innovative development of the Russian agricultural sector and the possibility of financing the introduction of innovations by agri-food enterprises are considered, which will increase competitiveness and profitability. In order to support the innovative development of the agricultural sector, it is proposed to use benefits for exporters of innovative products. The introduction of benefits will increase the demand for innovative products and increase the export of agricultural goods with high added value. The method of calculating the index of benefits and the amount of benefits that are provided to both the investor and the manufacturer is proposed.