Financial support tools for the development of business models of agrocircular economy

Abstract

Financial support tools for the development of agro-circular economy business models are proposed. The peculiarities of financial support through such instruments as public-private partnership, venture capital and private equity capital, crowd-funding, European and International grant programs for sustainable development, state financial subsidies and industry subventions, loan guarantees, the mechanism of administration and formation of conditions for sustainable development are revealed. agribusiness, state and private-partner support for investments, credit lines for agro-circular economy projects, financial reporting based on circulars and sustainable development standards. It is substantiated that the priority direction of financial support for this development should be the transformation of agriculture into a single closed model of the agri-food sector, which should be aimed at effective management of resources, waste, preservation of biodiversity to ensure the closure of cycles of materials and resources into a single organic system. The role of the state and its institutional bodies in ensuring an effective financing mechanism for the development of circular agribusiness belongs to the state and its institutional bodies. Measures to reduce the riskiness of agro-circular investment projects are proposed. It is substantiated that the voluntary adoption and use of sustainable development standards reduces the riskiness of financing circular agribusiness projects.