Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 4
Written by Marianna VASILCHENKO, Elena DERUNOVA, Victor SHABANOV

In modern conditions, the problem of improving the mechanism of state support for innovative agricultural production is actualized. The purpose of the study is to evaluate the effectiveness of financing agricultural science and develop a mechanism for stimulating innovative agricultural production. The article analyzes the impact of investments on the innovative development of agricultural systems based on the construction of models of the modified Cobb-Douglas production function, substantiates methodological approaches to financing agricultural science to increase incentives. for innovative agricultural production. Foreign and domestic theoretical and methodological approaches to the financing of agricultural science have been studied. Empirically, calculations were made to determine the optimal level of financing of agricultural science in order to reduce interregional differentiation. It has been empirically proven that the process of financing scientific research in the field of agricultural sciences does not sufficiently influence the dynamics of production volumes. Approaches have been developed to optimize the means of financing agricultural science on the basis of the achieved criterion of innovativeness of production. The practical significance of the results of this work lies in the improvement of tools for stimulating innovative production.

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