Agriculture Financing – a Basic Premise for Ensuring Food Security in Kazakhstan Cover Image

Agriculture Financing – a Basic Premise for Ensuring Food Security in Kazakhstan
Agriculture Financing – a Basic Premise for Ensuring Food Security in Kazakhstan

Subject(s): Economy, Business Economy / Management, Agriculture
Published by: Reprograph
Keywords: financing; agriculture; food security; Global Index; investment; government subsidies; agrarian sector; food products;

Summary/Abstract: The main idea of the article is to prove the dependence of agriculture on the amount of financing, as an important condition for achieving food security in Kazakhstan. The urgency of ensuring food security is confirmed by an active interest on the part of scholars, international organizations and the world statistics. To date, there are also issues related to food security in terms of nutrition and food availability in some countries. For Kazakhstan, to maintain food security is one of the strategic tasks. There was a gap in Kazakhstan in studying the impact of agricultural financing on the formation of food security, which determined the purpose of the study. The research was conducted on the existence of a relationship between the productivity of the agricultural sector, the volume of investment in fixed assets, and the farm production expenses. Structural analysis of the agro-industrial complex financing is given, which showed that the main amount of financing is carried out at the expense of own funds and the volume of state investments is less than own resources. The Global Food Security Index figures calculated for Russia, the country having common historical past and large territories, and for South Korea, a country developing an active innovative agricultural policy and having high rates of agricultural productivity in the presence of smaller territories were used to compare the food security of Kazakhstan. The conducted analysis made it possible to draw conclusions about the dependence of agriculture on financing. A recommendation has been formulated on the need to increase government funding for the village economy as the main condition for ensuring food security.

  • Issue Year: XIII/2018
  • Issue No: 55
  • Page Range: 216-226
  • Page Count: 11
  • Language: English