Investments in the Sustainable Development of the Potato Sector in Ukraine Based on the Optimal Balance of Production and Consumption

Abstract

Growing role of potato farming in food security system of the country needs attracting the new investment in preserving and process restructuring of the sector, at scientifically proven approach to defining the optimal scope of potato production, processing, and storage – to avoid the extra stocks, unnecessary losses, and inefficient investment resources at any stage of agri-food chain. Purpose of the study is to justify the conceptual model of investing in development of Ukrainian potato sector, based on calculated optimal structure of balance between potato production and consumption, as well as the effective combination of fresh and processed products, to ensure competitive parameters of potato market in actual market environment. Object of the study is forming and increasing the added value in agri-food chain, due to optimal parameters of balance between potato production and consumption. The study methodology is based on system analysis laws, which allow justifying the competitive parameters of Ukrainian potato sector in varying economic space, thus reducing the unnecessary loss in “producing-processing-transporting-sale-consumption” chain. Use of developed optimization model for potato production/consumption balance, by minimizing the potato residues at the end of year, revealed the extra stock (2.4 million tons) in early 2020, which was unbalanced with consumer demand. Due to inefficient distribution of gross potato yield in Ukraine, conclusion was made on need to reduce investment in overproduction (17.5%) and direct the major investment flows in potato processing industry, increase the export potential, and expand the foreign market boundaries for Ukrainian potato products, semi-finished and fresh products, at ensuring the relevant quality. In this view, authors proposed a conceptual investment model for potato sector of Ukraine, based on optimal balance of potato production and consumption till 2027, which ensures achieving the strategic result in terms of global competition.

Mechanism for the Formation and Implementation of HR Policy: The Global Experience

“…It is also worth agreeing with the considerations made in the article by Palamarchuk and Mironenko (2019) that when studying the peculiarities of civil service personnel management abroad, it should be borne in mind that they should not be directly copied. In particular, foreign experience should be treated with due regard to their mistakes and national traditions (Palamarchuk & Mironenko, 2019;Lavrov et al, 2022), including the peculiarities of Ukraine's economic life, which is associated with the significant development of agriculture and the need for employees and specialists of the relevant profile (Kozlovskyi et al, 2020;Mudrak et al, 2019). At the same time, the psychology of the national workforce should also be taken into account, as some studies have shown that modern workers may not be ready to accept dramatic changes at the psychological level (Krzywdzinski et al, 2022;Liang et al, 2023).…”

Exploring Legal Dynamics in Contemporary Migration with a Focus on Refugee and Migrant Rights

“…Legal problems in other countries related to obtaining refugee status became the main object of research in Mavroudi (2023). Modern research also characterizes the direct connection between the country's economic development and migration processes (Dluhopolskyi et al, 2023;Lavrov et al, 2022;Lutsiak et al, 2020). The problems of Asian migrants were also traced by Mohammed (2022), and van Liempt and Staring (2023) focused on the current problems of providing legal protection to refugees from Syria.…”

Climate change impacts on global potato yields: a review

“…Ukraine is among the top five potato-producing countries globally, has almost half of the country's 1.5 Mha of potato farms with black soils of the forest-steppe zone located in central Ukraine, although the Polesye wetlands of the north harvest the best yields [61][62][63]. Annually, the country harvests approximately 20 Mt, like the USA, and most are grown on a small scale for domestic consumption.…”

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