Innovative development of cattle breeding: Status, problems and prospects

Abstract

At the present stage of economic development, the main factor that ensures the stability and competitiveness of agricultural production is the development of scientific and technological progress. Analysis of cattle breeding in Russia is the evidence of the need for comprehensive technological modernization of production, introduction of advanced scientific achievements in practical activity and the overall industry transition to innovative way of development. The key factors hindering the development of national cattle breeding on innovative basis are noted, in particular, the lack of own financial resources, the high cost of innovations and the low investment attractiveness of the agricultural sector. It is indicated that a new level of development of national cattle breeding is the widespread use of digital and information and communication technologies in the production process. The author substantiates the defining role of the state in activating innovative activities in cattle breeding and the importance of implementing direct and indirect measures of state support at all stages of innovative development of the industry. Due to the limited budget support, it is important to attract private capital to the industry and create the industry investment fund to finance innovative projects in the dairy and beef cattle breeding.