MECHANISM FOR ENSURING SUSTAINABLE DEVELOPMENT OF AGRICULTURAL ENTERPRISES ON THE BASIS OF CIRCULAR ECONOMY

Abstract

The lack of a systematic approach to determining the economic content of the mechanism for sustainable development of agricultural enterprises requires improving theoretical and methodological principles, clarifying its basic elements, their evolution, coordination with the practice and interdependence of individual components and tools. The aim of the study is to develop scientific and practical approaches to the design of a sustainable development mechanism of agricultural enterprises of Ukraine, based on the strategy of circular economy, with regard to economic laws, global trends and new concepts in sustainable business management through generalization of the world practices of improving state regulation of sustainable agriculture. This study contributes to the development of a systematic view on sustainable development process of agricultural enterprises, relate to the implementation of circular economy strategies in agriculture. The results confirm that the principles of circular economy can be implemented through an effective combination of government regulation through legal aspects, including the development of organizational and legal forms, state support for producers, product quality and safety and management, levers of pricing, credit, tax and investment policies. Agricultural enterprises implement principles of sustainable development through the tools of the circular economy; they include the involvement of resource-saving and environmentally friendly technologies; introduction of corporate environmental management; enterprise investments in sustainable agricultural practices; use of the strategy of progressive integration; reduction of material and energy consumption, as well as production wastes, their further utilization; use of grant opportunities; application of innovative marketing and digital technologies in the production and sale of products; use of the benefits of private partnerships and the development of appropriate business models.