ECONOMIC AND TECHNOLOGICAL MECHANISMS OF AGRICULTURAL DEVELOPMENT

Abstract

The article considers the features of the application of economic and technological mechanisms for the development of agriculture. Scientists engaged in agricultural sector research note the importance of integrating technological innovations and thoughtful economic mechanisms for sustainable agricultural development. According to the authors, technologies not only increase agricultural productivity, but also make it more sustainable and environmentally friendly, contributing to solving global problems such as climate change and food shortages. Economic mechanisms are aimed at creating a favorable environment for innovation, stimulating investment in new technologies and increasing the overall competitiveness of agriculture. Technological mechanisms are aimed at increasing production efficiency, reducing costs, improving product quality and minimizing negative environmental impacts. The integration of a complex of economic and technological mechanisms in agriculture can be grouped using innovative financing models, artificial intelligence, digital economics and smart farm procedures. The authors of the article note that the integration of economic and technological mechanisms contributes not only to improving the quality of products, but also contribute to improving the standard of living in rural areas, which ultimately leads to the long-term development of the agro-industrial complex.