Analysis of Agricultural Financial Provision and Investment Challenges at The Modern Stage

Abstract

Sustainable development is an important component of the modern economy, which implies inclusive economic development. In itself, it is impossible to develop all sectors of the economy equally, since the production of goods and services may be limited by natural, climatic, and geographical conditions. Financing the production of agricultural products and increasing competitiveness remain significant challenges for the Georgian economy and population. In the modern world, any state is trying to create an independent, positive trade balance of agricultural products. After the collapse of the Soviet Union, the development of the potential of Georgian agro-industrialists was particularly hindered by the political and economic-social factors existing in the country, as well as the increase in urbanization flows from rural to urban areas. Therefore, over the past 15-20 years, the state has been constantly trying to develop various strategies or plans that would increase the production of agricultural products and partially satisfy the local market. The introduction and subsidization of modern technologies remains a significant challenge for the development of agriculture for the whole world. Unfortunately, due to the relief situation of Georgia, it is not possible to fully introduce innovative technologies, and subsidies are only provided to a few agricultural products that have export potential. An essential factor for the development of agriculture is the improvement of the economic and social situation of the rural population. The challenge of the urbanization of Georgia remains the trend of increasing the population of urban residents, and it should be noted that such a trend is characteristic of tourism-oriented states. Moreover, one of the directions of the declared policy of the Georgian government is the development of rural tourism (agritourism). It should also be noted that at the modern stage, the production of healthy products is becoming increasingly active. Georgia has relatively greater potential in this regard. At the modern stage, Georgia is a producer of more natural products.