Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
Registration of an entity in print media: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1390 dated 11/16/2023. Media identifier: R30-02018
The journal is indexed in the International Scientific Center of Index Copernicus International

Strategic approaches to the management of fixed assets renewal in the context of restoring the production potential of agricultural enterprises

# 23 116-120 Download/view the full text of the article

УДК: 658.27:005.51

DOI: https://doi.org/10.36887/2524-0455-2024-6-23

Lobai Roman,
Researcher of the Department of Economics, Management and Transfer of Innovations in Livestock Farming,
Livestock Farming Institute of National Academy of Agrarian Sciences of Ukraine,
https://orcid.org/0009-0005-7258-3641

The study aims to improve management mechanisms that ensure the effective use, modernization, and renewal of the material and technical base of the agricultural sector to increase its competitiveness. Fixed assets are essential for an enterprise, ensuring its production capabilities and competitiveness. However, fixed assets become obsolete over time and require renewal to meet modern technologies and market requirements. Managing the renewal of an enterprise’s fixed assets and financing is essential to ensure its competitiveness and effective operation. The main production assets involved in the production process constitute the basis for the functioning of the enterprise. A clear understanding of the characteristics of each element of fixed assets and the level of their physical and moral wear and tears allows us to determine practical approaches to increasing their use. This, in turn, contributes to reducing production costs and increasing labor productivity. Renewal of fixed assets is one of the key factors in the stable development and successful functioning of enterprises. Constant renewal and modernization of equipment allow us to increase production efficiency, reduce costs for repair and maintenance of outdated equipment, and improve the quality of products or services. The fixed asset renewal ratio is a tool for determining the need for investment in new equipment. It allows for assessing the degree of wear and tear and obsolescence of existing assets and deciding on the need for replacement or modernization. Effective management of fixed asset renewal is crucial for restoring the productive potential of agricultural enterprises, especially in post-conflict recovery scenarios. Strategic approaches should address immediate reconstruction needs and long-term competitiveness through modernization, financial planning, and systematic resource management. Optimally managed fixed assets act as multipliers of agricultural competitiveness but require balancing capital intensity with operational efficiency and market alignment.

Keywords: fixed assets, planning, management, assets, assets, reproduction, potential.

References.

  1. Kharchenko, H., & Makovskyi, M. (2020). Fixed assets management in agricultural enterprises. Economics and Business Management, vol. 11, no. 2, pp. 135–146. Available at: https://economicscience.com.ua/en/journals/t-11-2-2020/upravlinnya-osnovnimi-zasobami-v-silskogospodarskikh-pidpriyemstvakh.
  2. Kolesnik, Y., Dobrovolska, O., Malyuta, I., Petrova, A., & Shulyak, S. (2019). The investment model of fixed assets renovation in the agricultural industry: case of Ukraine. Investment Management and Financial Innovations, no. 16(4), pp. 229–239. DOI: https://doi.org/10.21511/imfi.16(4).2019.20
  3. DLF Attorneys-at-law. (n.d.). Ukraine’s agricultural sector: the war impact and recovery prospects. Available at: https://dlf.ua/en/ukraine-s-agricultural-sector-the-war-impact-and-recovery-prospects/.
  4. Agribusiness in Ukraine. (n.d.). Agribusiness Today. Infographic Guide 2022/23 MY. Available at: https://agribusinessinukraine.com/the-infographics-report-ukrainian-agribusiness-2023/.
  5. Berzhanir, I. A., Kirdan, O. P., & Stanislavchuk, N. O. (2018). Finansove zabezpechennia vidtvorennia osnovnykh zasobiv pidpryiemstva [Financial support for the reproduction of fixed assets of the enterprise]. Ekonomichni horyzonty – Economic Horizons, no. 4(7), pp. 48–56. DOI: https://doi.org/10.31499/2616-5236.4(7).2018.161721
  6. State Statistics Service of Ukraine. (2023). Statistical Yearbook of Ukraine for 2022. Available at: https://ukrstat.gov.ua/druk/publicat/kat_u/2023/zb/11/year_22_e.pdf.
  7. Chunikhina, T. S., & Gorlushko, A. M. (2018). Reproduction of fixed assets and useful life within the enterprise development strategy. Scientific Bulletin of Uzhhorod National University. Series: International Economic Relations and World Economy, vol. 19, part 1, pp. 79–83.
  8. Shakhovalova, E. O. (2015). Strategy of financial support for reproducing fixed assets in agriculture. Economics, vol. 30, pp. 50–56. Available at: http://chasopys.law.npu.kiev.ua/archive/30/9.pdf.

The article was received 05.11.2025

Quote article, APA style

Lobai Roman. 05.11.2025. Strategic approaches to the management of fixed assets renewal in the context of restoring the production potential of agricultural enterprises. The journal "Actual problems of innovative economy and law". 2024 / #6. 116-120pp. https://doi.org/10.36887/2524-0455-2024-6-23

Quote article, MLA style

Lobai Roman. "Strategic approaches to the management of fixed assets renewal in the context of restoring the production potential of agricultural enterprises". The journal "Actual problems of innovative economy and law". 05.11.2025. https://doi.org/10.36887/2524-0455-2024-6-23

Quote article, translit