DIRECTIONS OF UKRAINIAN AGRO-INDUSTRIAL COMPLEX DEVELOPMENT IN THE CONTEXT OF NEW ECONOMIC CHALLENGES

Abstract

The article proves that at the current stage of development of the market economy of the state and strengthening of its food security the effective development of the agricultural sector plays an extremely important role. Approaches are substantiated that fierce competition in world food markets, formed under the influence of globalization processes, encourages the search for new ways to develop the agricultural sector to produce quality and competitive products. The basic principles of modern globalization processes are revealed, which encourage the development of new approaches to the organization of production in the agricultural sector and the formation of supply for its products, as well as give a powerful impetus to the development of Ukrainian agricultural producers and enter world food markets. Emphasis is placed on the fact that it is unlikely and impossible to ignore sectoral features, specifics of public policy and external food and financial challenges that determine the originality of economic development of the agricultural sector of each region of Ukraine. It is established that under such conditions the improvement of existing and development of new methods and mechanisms of its stimulation on the basis of available resource and human potentials, taking into account the specifics of agricultural production and modern economic environment, becomes especially important. At the same time, it was concluded that the agricultural sector of the economy belongs to the life-sustaining systems of society, forming its food resource, the state of which determines national, economic and food security, especially after the World Health Organization announced the spread of COVID19, as well as the critical loss of effective demand as a result of forced downtime, situational reorientation of financial priorities from the fight against corona virus, its spread to overcome the consequences. This article emphasizes the role of the agricultural sector of the economy to ensure the growth of economic competitiveness, rural development. The structure of exports of the agro-industrial complex of Ukraine is given. The need to increase investment in order to ensure a stable pace of production in the agro-industrial complex of Ukraine was emphasized. Risks and negative factors that hinder the further development of the agricultural sector have been identified. The importance of state support for agriculture is emphasized. Prospects for the development and growth of the main types of products are determined. The main directions of reforming the agro-industrial complex of Ukraine to find new markets are presented.