Conduct of modern science– 2016 • Díl 1

MATERIALS OF THE XVI INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE ★ March 30 - April 7, 2020
recognized as one of the promising measures in the financing of agricultural research 
by the non-governmental sector.
In our opinion: the research should be purposeful, targeted and effective; 
cooperation with a reliable customer; solves the problem of mobilization of 
investments in important research areas.
However, despite the high efficiency of funds allocated for research in the 
agricultural sector, investment in this area is insufficient.
In our opinion, the main reasons for this are the following: from an economic 
point of view, in the spending of public funds, more attention is paid to areas with 
short-term returns, in other words, short-term and "subsidy" returns are faster. The 
payback period for agricultural research may, in most cases, be 5 years or more; if the 
problems of protecting the interests of farmers are not taken into account in the process 
of allocation of funds for agricultural research by the public and private sectors, their 
interest in the field may decrease.
Increasing and effective use of state funds allocated for research in the 
agricultural sector should not only support the sector, but also increase the income of 
the population and improve the quality of life of the most important strategic issues. 
One of the ways to increase the amount of funds allocated by the state for research is 
to establish associations of producers and agribusiness entities to co-finance research. 
These associations require special consideration as entities influencing the 
determination of the price level of a product in the cultivation of a particular type of 
product or in the delivery of a grown product to the consumer. In addition, institutional 
reforms will be needed to increase the interest of public research institutes in research.
Another way to increase the volume of investment in research work should be 
to remove the existing barriers to the entry of private capital into the financing of this 
research work. One of the most fundamental of such barriers is the lack of improvement 
of the organizational and legal framework to encourage the introduction and more 
effective use of private investment. It can also be added that in the activity of a 
relatively small commodity producer farmer and peasant farm, there is an improvement 
in the production technology, the presence of specific risks in the introduction of new 
technology, as well as the inadequacy of the necessary information.
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