Strategic Priorities and Financial Support of Ukrainian Agricultural Sector Development

The agricultural sector is one of the most important in the Ukrainian economy, which can be proved by numerous indicators. The article has analysed such data as the share of agricultural sector in the total export of Ukraine, the share of agricultural sector in total GDP, land use in Ukraine, etc. Despite high potential of the agricultural sector in Ukraine, a lot of challenges hold back an efficient development of agriculture. The aim of this research is to determine the main challenges of the agricultural sector development in Ukraine through PEST-analysis of political, economic, social and technological factors, which influence the agricultural sphere, and also to investigate the main ways of the future development of the agricultural sector. To achieve this goal current agricultural policy is being analyzed and the dynamics of the funds allocated in the State Budget for loan programs in the agricultural sector of Ukraine and the dynamics of the budget financing of the agrarian sector of Ukrainian economy are presented. According to the findings, the agricultural sector has been defined as one of the crucial ones for the economic development of Ukraine. The steps to be taken to achieve the goals of efficient agricultural development have been identified by this scientific research. Theoretical and practical recommendations that can be implemented in the governmental policy have been presented and the strategy of achieving agricultural development has been developed.