IMPROVEMENT OF INNOVATION AND INVESTMENT APPROACHES TOWARDS SYSTEM AT MANAGEMENT OF LAND (SOIL) RESOURCES BY CIRCULAR AGRICULTURAL ECONOMY

Abstract

The article develops the main conceptual approaches to the management of land (soil) resources in the conditions of the formation of a circular agrarian economy. The need to transform the economic system of the agrarian sector due to the current inability to ensure sustainable management of land (soil) resources and competitiveness of the agrarian sector in the future in accordance with the goals of sustainable development is substantiated. Monographic studies show that unavoidable annual losses due to the presence of land degradation in Ukraine amount to about 24 billion dollars. USA, in particular, 5,5% are direct economic losses of land users and 94,5% are ecological and economic damage (losses) as a result of a decrease in the provision of ecosystem services of lands (soils) for all stakeholders. The role of the agricultural sector in the national economy is summarized and numerical imbalances in innovation and investment activities are revealed. Thus, in 2010–2020 years, the specific weight of the agricultural sector in the country’s GDP was within 2019–2020 years of 7–10%, in terms of gross profit (mixed income) – 15–23%, and in exports of goods and services – 6–21%. However, capital investments in the agricultural sector did not have sustainable growth and did not exceed 10% of the country's economy in 2019–2021 years, or remained almost at the level of 2010 year. At the same time, capital investments in land resources decreased to 0,4% in 2021 year and had a clearly pronounced downward trend. It was found that innovative costs of the agricultural sector are formed by almost 90–100% due to budgetary and own funds of organizations, while in the economy only by 50–60%. It is highlighted that the reasons for this situation of the agrarian sector are their low interest and activity, almost the entrepreneurial sector and private investors do not participate in the financing of innovations. As a result of the research, a cascade scheme of land (soil) resource management was formed for the transition to a circular agrarian economy, which is entrusted with the task of solving problems related to the sustainable development of land use.