THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP IN THE IMPLEMENTATION OF STATE POLICY TO SUPPORT OF AGRICULTURAL PRODUCTION

Abstract

The article provides a detailed examination of public–private partnership as one of the most effective and flexible forms of implementing state policy for the development of the agrarian business. It emphasizes that cooperation between the state and the private sector in this area makes it possible to ensure the sustainable development of agriculture, enhance the competitiveness of agrarian enterprises, optimize the use of budget resources, and stimulate the attraction of private investment. The purpose of the study is to clarify and deepen the classification of projects and risks inherent in public–private partnership within the agrarian sector, which makes it possible to create a more effective toolkit for implementing such projects in public administration practice. The scientific novelty of the obtained results lies in improving the approaches to selecting the optimal form, structure, and mechanism for implementing public–private partnership projects depending on the set goals and the specifics of agricultural production. The study develops formalized descriptions of the conditions for fair, transparent, and efficient risk distribution between the state and private participants. In addition, practical mechanisms for determining the level of project riskiness are proposed, and the specific features of identifying, assessing, and monitoring risks within agrarian initiatives are outlined. The practical significance of the results lies in their potential use by public authorities, local governments, and private investors to improve instruments for supporting the agrarian business. In particular, the formulated approaches contribute to harmonizing the interests and strategic objectives of the subjects of economic macrosystem, enhancing the effectiveness of managerial decisions, and minimizing risks in partnership interaction. Considering risks as an indicator of deviation from optimal managerial actions makes it possible to ensure greater stability of the agrarian sector of economy and promote its long-term development.