Capitalization as a Factor of Agricultural Production Intensification

The purpose of the study was to identify the quantitative parameters of capitalization and its influence of effectiveness of resources of agricultural production. According to federal statistics data, some tendencies in changing labor resources were identified (the indicator concerning the number of agricultural workers per thousand people was analyzed) and shifts in wages in agriculture and in the country's economy. The reduction in the number of people employed in the agrarian sector of the economy (with the average annual outflow being 1.19 per thus. people) and low rates of wages convergence (by 14.7% over 13 years) made it possible to draw the conclusion about the labor factor replacing by the investment and intensification factors of the agrarian economy. To assess the effectiveness of agricultural production, the average per capita provision with agricultural products (gr. equiv. t) per capita was used, which in conditionally natural units characterizes the level of food security in tons of grain equivalent per capita of the country every year. A steady increase of this indicator in Russia has been observed since 2007. An annual increase in labor productivity being 4.26 gr. equiv.t is also established per employee, which made it possible to increase the level of efficiency when using labor resources by twice during 2003-2016. The dependence of labor productivity on its capitallabor ratio is close to linear. Each point of the capital-labor ratio increases equals to 5.4975 points of the effect increase given in standard-natural units.