PRINCIPLES OF STRATEGIC MANAGEMENT OF THE AGRICULTURAL SECTOR OF ECONOMY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT OF RURAL AREAS

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Visnyk LNAU: Economics of AIC 2021 №28: 43-50

PRINCIPLES OF STRATEGIC MANAGEMENT OF THE AGRICULTURAL SECTOR OF ECONOMY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT OF RURAL AREAS

Filiuk D., PhD student
ORCID ID: 0000-0002-2678-3424
Lesya Ukrainka Volyn National University

https://doi.org/10.31734/economics2021.28.043

Annotation

Peculiarities of formation and realization of the economic policy in the sphere of agrarian production of territorial communities of Volyn region are considered, in particular in the part of strategic plans – programs of social and economic development, focused on support of agricultural production, activization of business activity. The main factor in development of the economic potential of rural areas of Volyn region is natural resource potential and its economic effect. The analysis of the programs approved for the local development in the field of agriculture, socio-economic development of territories and promoting the development of small and medium enterprises is supplied. Budgetary mechanisms for ensuring the welfare of territorial communities from the standpoint of implementation of state budget policy and budget policy of local governments, focused on supporting agricultural production. The analysis shows that effective development requires implementation of the strategic management as a prerequisite for improving the efficiency of agricultural activities and ensuring the economic growth of various structures in market conditions. Achievements, problems and tasks for further effective development of agricultural production in Volyn region are revealed. It is proposed to use one of the strategic directions to achieve the goals of sustainable development of rural areas to implement a long-term comprehensive development strategy of Volyn region which will contain organizational, economic and financial principles of welfare of territorial communities, improvement of budgetary mechanisms and tools; stimulating the inhabitants of the territorial community to ensure their own well-being and intensification of local economic development by activating the economic potential.

Key words

territorial communities, rural areas, development strategy, target programs, farms, budget financing, local self-government

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