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THE IMPACT OF THE PANDEMIC ON AGRICULTURAL DEVELOPMENT IN UKRAINE

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 48)

Publication Date:

Authors : ; ;

Page : 21-25

Keywords : pandemic; agriculture; commodity producers; market;

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Abstract

The article considers the problems of the agricultural sector in 2020–2021 and the main reasons for their occurrence. The strategic nature of the agricultural sector as a whole for the economy of Ukraine has been established. The article highlighted the main problems faced by farmers during the pandemic. The main negative consequences for the economy of Ukraine are revealed. Naturally, the impact of the global pandemic affects agricultural producers in different ways. First of all, it depends on the size of the enterprise, the volume of production, the territorial location of the enterprise, the levels of distribution of products, as well as the level of support from the state. According to statistics, it is investigated that the total amount of investment decreased by almost three times. In the agricultural sector, this figure has decreased by almost 2 times. It is investigated that the production of durable goods fell. In addition, the demand for food products as basic necessities is relatively constant, so even changes in income or trade restrictions do not drastically affect sales. The necessity of state support in the agricultural sector is substantiated. For stable and dynamic development of the agro-industrial complex of Ukraine it is necessary to support active cooperation between the state and business, which will help to more actively attract foreign investment. The article notes that the pandemic has increased the demand for local producers and farmers' products purchased from them via Internet platforms. The purchase of domestic goods in general leads to the preservation and creation of new jobs, increased tax revenues to the state budget and local budgets, attracting funds for investment, as well as the development of domestic enterprises and farms.

Last modified: 2021-11-09 17:17:46