Authors

  • Bustonov Komiljon Kumakovich
    Dosent., Tashkent university of applied sciences, TUAS, Uzbekistan

DOI:

https://doi.org/10.37547/ijmef/Volume04Issue11-13

Keywords:

Activities of agroclusters financial analysis digital economy

Abstract

The article analyzes the financial activities of the agricultural sector in the context of the digital economy, including, in recent years, the development of the agricultural sector in Uzbekistan has been given a high level of importance, the government has determined the consistent continuation of the cluster policy to ensure the rapid development of the national economy and high growth rates. Due to the fact that there is insufficient scientific research on the implementation of cluster activities, effective organization and improvement of the financing system, especially the principles of innovative organization, effective financing, as well as the study of the form of management structures and their main features, remain urgent tasks.


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Volume 04 Issue 11-2024

138


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

P

AGES

:

138-146

OCLC

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Publisher:

Oscar Publishing Services

Servi

ABSTRACT

The article analyzes the financial activities of the agricultural sector in the context of the digital economy, including,

in recent years, the development of the agricultural sector in Uzbekistan has been given a high level of importance,

the government has determined the consistent continuation of the cluster policy to ensure the rapid development of

the national economy and high growth rates. Due to the fact that there is insufficient scientific research on the

implementation of cluster activities, effective organization and improvement of the financing system, especially the

principles of innovative organization, effective financing, as well as the study of the form of management structures

and their main features, remain urgent tasks.

KEYWORDS

Activities of agroclusters, financial analysis, digital economy, financial assessment, national economy, cluster policy,

financing system, effective financing, cluster structures, cluster approach, competitiveness in the economy.

INTRODUCTION

Today, any country is required to introduce digital

knowledge in order to achieve development. Digital

technologies improve the quality of products and

services and reduce overhead costs. Our President

Research Article

PROVIDING INNOVATIVE DEVELOPMENT OF THE AGRARIAN SECTOR
AND MANAGEMENT ACTIVITIES IN THE CONDITIONS OF THE DIGITAL
ECONOMY

Submission Date:

November 11, 2024,

Accepted Date:

November 16, 2024,

Published Date:

November 21, 2024

Crossref doi:

https://doi.org/10.37547/ijmef/Volume04Issue11-13


Bustonov Komiljon Kumakovich

Dosent., Tashkent university of applied sciences, TUAS, Uzbekistan

Journal

Website:

https://theusajournals.
com/index.php/ijmef

Copyright:

Original

content from this work
may be used under the
terms of the creative
commons

attributes

4.0 licence.


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touched on the digital economy several times in his

Address, and as a result, the "Digital Uzbekistan - 2030"

program was developed (Mirziyoev Sh., 2020).

In recent years, a high level of importance has been

attached to the development of agroclusters in

Uzbekistan. The Decree of the President of the

Republic of Uzbekistan dated January 28, 2022 No. PF-

60 "On the Development Strategy of New Uzbekistan

for 2022-2026" stipulates the consistent continuation

of the clustering policy in ensuring rapid development

of the national economy and high growth rates.

However, it is still enough for scientists to implement

cluster activities, effectively organize and improve the

financing system no scientific studies have been

conducted. In particular, studying the principles of

cluster organization, effective financing, and the form

of cluster structures and their main features remains

an urgent task.

According to Harvard Business School Professor

Michael Porter, the founder of the cluster approach to

determining and increasing competitiveness in the

economy, how many clusters in a given country

developed if b dies , of the population marriage level

and competitiveness of companies will be higher.

As part of the research, a number of scientific literature

and sources on the financial analysis of the agrarian

sector in the context of digitization were analyzed. For

example, in 1995, Don Tapsot used the term "Digital

economy" for the first time in his work "Digital

economy: promise and danger in the age of intellectual

networks", and I. Umarov, who described the forms,

methods, means and communication environment of

its implementation, is the key to innovative

management in the digital economy. increasing

economic efficiency through business application.

Scientific analysis and synthesis, monographic

research, expert assessment, economic-mathematical

and statistical methods were used in the research

work. researched ways to increase efficiency. Agrarian

sector in digital conditions In the 80s of the 20th

century, M. Porter introduced the term cluster as an

economic category into the scientific process. The

essence of agrocluster by A.A. Nastin, "agrocluster is

geographically

located,

interdependent

and

complementary, different property owners - family It is

defined as a system of market subjects consisting of

farms, cooperative enterprises of farmers, social and

scientific organizations, educational institutions and

consulting services.

According to the Decree of the President of the

Republic of Uzbekistan No. 160 of 2022 "On the

Development Strategy of New Uzbekistan for 2022-

2026", 464,000 hectares of land will be extended and

divided into clusters on the basis of an open

competition, the cultivation of exportable products

and the development of fruit and vegetable growing,

the area of intensive bots will be tripled and

greenhouses will be increased. The goal is to double

the export potential to 1 billion US dollars. However,

today there are 5,500 hectares of unusable bots and


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2,500 hectares of vineyards and several more

inefficient greenhouses.

Theoretically, a cluster is formed on the basis of

government and business initiatives. The formation of

a cluster in a particular industry is considered to be of

strategic importance for the national economy, and

the cluster is considered a whole that can lead the

entire chain, laying the foundation for internal growth.

For example,

food in the industry the cluster formation

opportunity laughing coming out if we find it, we will buy
it sectors, in particular, dairy and dairy products work in
release big potential is available in it of the cluster
important elements - animal husbandry farms;

enterprises processing cheese and milk, manufacturing

enterprises using processed products;

For example: machine-building enterprises producing

special

equipment,

container

and

packaging

production, standardization of cheese and milk,

metrology and certification organizations. Agrarian the

field step by step formation process different

interested parties (state and local power organs,

different ownership in forms large and small business

entities and educational institutions) that attract is a

sad process.

In our opinion,

The organization of agroclusters and the

achievement of financial efficiency should be based on
the following principles:

complexity, scientific basis, diversity,

profitability, systematicity, efficiency, synergism;

dynamic

balance

flexibility

and

motivational

The principle of scientific basis determines that

management activities for the formation of clusters

should be based on scientific data, from the point of

view of a systematic approach, a cluster is a set of

interrelated

elements

(enterprises,

equipment,

suppliers of components, specialized development and

services,

scientific

research

and

educational

organizations.

If the rational principle means that the formation of a

cluster is carried out using the least number of

resources, the principle of efficiency is the principle

aimed at ensuring the high level of activity of the

cluster.

explains how to ensure the joint actions of the cluster

participants to achieve common goals, in which the

cluster members unite and organize their activities,

complementing each other, so that the overall

performance is higher than the individual performance

of each cluster member. In general, synergy allows to

accelerate the introduction of innovations, increase

the volume of sales and reduce costs.

The principle of motivation explains the need to use

factors that regulate the activities of the participants in

the process of formation and operation of the

arrocluster.

Motivating factors among cluster members (resource

effective supply chain management;

information

services,

marketing

services, financial services;


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opportunities to use financial resources;

scientific tad qiqotl ar and availability of

personnel with scientific potential; the existence of
relationship frameworks for the transfer of knowledge
and experience;

collective interests and the existence of

effective strategies for the development of the cluster;

cluster development strategy) and other

clusters are developed in a competitive environment
based on market mechanisms.

At the same time, the geographical proximity of cluster

members increases the opportunity to advance

collective interests in cooperation with government

agencies and other stakeholders, reduces transaction

costs, and achieves synergistic and multiplicative

effects at the regional level.

Our analysis shows that if the above principles and

factors are followed in the effective organization of

agro-clusters, a system of competitive clusters based

on market relations will be created, achieving financial

efficiency.

Here, one more thing should be emphasized, one of

the important elements of financing any cluster is

investment attractiveness. Therefore, it is necessary to

study the investment attractiveness taking into

account the specific characteristics of each cluster

participant and the factors influencing their specific

market activity.

If we analyze the activities of clusters, we can see that

in developing countries, great attention is paid to their

introduction, but this issue is considered a priority task

in Uzbekistan only in recent years (1-fig.).

Fig.1. Clusters are analyzed

1

in the countries of the world

400

350

300

250

50


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Regarding the introduction of clusters and their

financial analysis, 60 percent of the GDP in AI\Sh is

produced by enterprises involved in clusters, 38

percent of the labor force of the EU countries works in

clusters, in particular, the economies of Norway,

Sweden and Denmark are almost completely covered

by clusters. (Painotalo Suomenmaa, 2003).

US dollars will be allocated for the development of

regional innovation clusters and business incubators

from the 2010 budget budget as one of the factors

determining the competitiveness of the national

economy in the future.

In Canada, high experience has been formed in the

establishment, support and financing of clusters,

including the biotechnology cluster (Toronto,

Vancouver, Ottawa); information technology cluster

(Montreal, Ontario); Examples include the wine cluster

(Niagara), the food cluster (Toronto), and other

clusters.

In Germany, the automotive cluster (Baden-

Württemberg),

medical

equipment

cluster

(Tutlingene), chip production cluster (Dresden) and

the biotechnology cluster (Berlin-Brandenburg) can be

cited as an example. France to micro and

nanotechnologies based on "Minalogic" of the cluster

Within the framework of the "Foremost" project,

contacts have been established with 24 partners from

8 countries to create high-quality microchips.

In Uzbekistan, it was obtained from the Ministry of

Economy If we analyze the activities of clusters based

on the data , we can see that science, innovation

achievements and advanced technologies are being

introduced into the field (Table 2), in particular, the

average number of farms attached to clusters

increased by 85% every year (7861 in 2020 , 15,600 in

2023), created jobs by 81% (9.3 thousand in 2020, 25.3

thousand in 2023), clusters number by 79% (86 in 2020,

245 in 2023), attached land area by 73% (2020 by 78.8

thousand, 2023 by 303 thousand), export volume by

69% (2020 by 72 million U.S. USD, 2023 USD 500

million), processing capacity by 68% (2020 554

thousand tons, 2023 2950 thousand tons), attracted

investment by 65% (2021 USD 128 million, 2023 USD 205

million) The increase is forecast in the following years .

In addition, in 23 clusters, the supply of resources to

farmers, processing and processing processes, and the

provision of laboratory services were carried out on a

scientific basis , water-saving technologies were

introduced by 68 clusters on an area of 12.6 thousand

hectares, the level of mechanization in agriculture was

increased, and technical was improved, more than 850

resource-saving high-yielding modern agricultural

machines were purchased, direct investment increased

compared to the previous years, clusters attracted a

total of 128 million US dollars a value chain was created,

large investment projects were implemented, 34

projects on product processing were implemented

(683 thousand tons worth 650 billion sums), in 2020-

2021 in the regions more than 9.3 thousand new jobs

were created


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Table 1

Analysis of arroclusters in Uzbekistan

2020

2021

2022

2023

Average
growth
%

Number of combined farms

7 851

9 868

12 350

15,600

85%

Jobs created (thousands)

9.3

9.3

17.5

25.3

81%

Number of clusters

86

146

163

245

79%

Combined land area (minr.ra)

78.8

113.5

197

303

73%

Export volume ($ million)

72

75

250

500

69%

Q processing power (minr.tn)

554

841.8

1450

2 950

68%

Attracted investment ($ mln.)

128

155

205

65%

Land area of farms (minr.ra)

87

110

185

60%

Absorption of processing steps ( % )

15

25

35

58%

Effective use of the cluster system and its financial

effectiveness in connection with the reforms being

carried out in our country increase cluster system in a

short period of time in processing industry enterprises

of all our countries The task of forming innovative

aspects of development is not a priority. At the same

time, it is our country to produce the semi-finished

products that are being created right here, through the

cluster system, into finished products, and export

them as ecologically clean products that are

competitive in the world market. will increase the

economy even more, of course.

In the US manufacturing industry, the share of

employment in enterprises with fewer than 100

employees increased from 18.6 to 23.7 percent in the

last decade, and from 67.3 to 62.6 percent in

enterprises with fewer than 500 employees. The

growth of cluster-based activity is observed in all

sectors of industry, except for the food and tobacco

industry. The growth of employment in small and

micro-firms in the construction sector was the only

source of the overall growth of home-based jobs in this

sector of the economy. The data presented indicate a

high degree of flexibility in the production of products.

Enterprises united on the basis of clusters are making

a big contribution to the Chinese economy. According

to analytical data, by the end of 2020, there will be

450,000 large and small enterprises here, and they will


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account for about half of all industrial products. 5

million in the country. About 100,000 joint ventures

operate on the basis of mutual cooperation, the

number of them it increases to 100,000 annually. The

development of joint ventures in China takes place in

two directions. In cities, collective property enterprises

are established on the basis of mutual cooperation,

and in rural areas, enterprises are established on the

basis of rural mutual cooperation. The increase in the

total volume of industrial production is roughly equally

distributed between the state industry and the above-

mentioned enterprises.

Through the financial analysis of cluster activity, we can

come to the conclusion that foreign countries have

gained a lot of experience in the development of joint

entrepreneurship based on mutual cooperation, which

has a positive effect on the economic development of

these countries. As a result, depending on specific

conditions, the variety of forms of production

cooperation of various economic entities within the

cluster leads to the shortcomings inherent in large-

scale production that ensures stable economic growth.

flexibility allows to increase the flexibility of

production to constantly changing consumer demand

for goods, works and services.

In economics, a cluster is not only a competition, but

also a group of production enterprises and

organizations that are united into a single

technological system, based on a collective approach

to solving existing problems, effective use of available

raw materials, energy and labor resources, active

exchange of knowledge, dynamic socio-economic

relations and mutual trust in cooperation. In our

opinion, as in other economic structures, the system of

assessment indicators and issues of financial liquidity

should be analyzed in the agrocluster. For example, the

main task to be solved when determining the financial

condition of an innovative project related to an

agrocluster is to assess the liquidity of the cluster in a

timely manner, taking into account its solvency, and to

fully respond to its financial obligations, especially

during the period of investment of its funds.

In this case, the future plan of the financial situation

includes the following: profit plan (report of financial

results); cash flow plan (cash flow report); planned

balance sheet (balance:report). Also, the system of

optimal indicators is used to evaluate the optimality of

this project.

Another element of the financial analysis of the

agricultural sector is the Balanced ScoreCard (VSS),

which was founded by Robert Kaplan and David

Norton in the early 90s. The system of integrated

indicators is a management system based on the

determination and evaluation of the efficiency of the

enterprise by optimally selected indicators that reflect

all aspects of the enterprise's activity, that is, both

financial and non-financial (Kaplan R, 1996).

R.Kaplan and D.Norton scientifically justified the need

to observe at least four factors (finances; customers;

internal

business

processes;

training

and


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development) in the formation of a system of

indicators used by successful enterprises. We can note

separately that we can accept the idea of these

scientists as an important scientific and economic basis

for the formation of the agricultural sector in

Uzbekistan.

In our opinion, it is reasonable to use the following

indicators for the financial assessment of the

organization of the agricultural sector: financial factor

(profit-increasing net profit; cost reduction, share of

costs in the volume of products sold, costs per 1 sum of

products sold; share of domestic and world markets

increase, income from product sales); customer factor

(volume of products sold and income from product

sales); internal business environment (purchase of

modern and advanced equipment, balance value of

fixed assets.

CONCLUSIONS

Digital economy under the conditions of the

agricultural sector, it is effective financial analysis of

the

operation

i;uyidary

conclusion

regarding

improvement and suggestions we can bring.

The population, which provides socio-economic

development in agriculture different layers, real a

product that consistently increases revenue from

cultivation starting from say deeply to work The

system that is, the sub-complex is further

developmental, various science, educational fields

scientists, production specialists, economists life

experience, qualifications, a cluster emdiving

knowledge introduction of management technology

fit for purpose.

Suggest the following for this we deliver:

cluster management is highly

skilled a special team consisting of specialists
compliant

advice

through

should

be

implemented.

own cluster drink olran h ududda high

effective

techniques

and

technologies

development, introduction, scientific-practical
rigorous scientific research with solutions to
problems institutions, high t r a i n i n g o f
qualified specialists of higher and secondary
specialization practice by educational institutions
should be increased;

management cluster technology current

reach high added value be ensuring the preparation
of products in turn complex no all joints control
with the help of ai;lli machine system, which
dramatically reduces p r o d u c t i o n costs energy
to get biography work release and so much similar
other technologies shopping and current to eat
should create an opportunity.

REFERENCES

1.

President Sh.M. Mirziyoevnin 2020 year 21 January

Uzbekistan Republic Oliy Majlisira and Senatra

Application.

2.

Uzbekistan Republic No. of the President 20 2 1

year 7 february " Uzbekistan Republic Decree No.

PF-4947 on further development strategy.

3.

Uzbekistan Republic President

2022 year 28

January " By

2022-2026

mujjalanran

Yanri

Uzbekistan tara qq i yo t strategy about the flag No.


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PF-60 Decree. Q ten National database of

information, 29.01.2022, No. 06/22/60/0082 .

4.

Alekseenko O.A. Tsifrovizatiya globalnogo mira i

rol gosudarstva v tsifrovoy economic/ O.A.

Alekseenko, I.V. Ilin// Inform. obshchestvo. - 2019.

5.

Umarov, 1. U., & Yusupova, M. Features of digital

innovation management in business. In World

science: projects and innovations collection of

articles of the XX-XI International Scientific and

Practical Conference: at (Vol. 4), 202 3 .

6.

Porter, M. 1998. Clusters and the New Economics

of Competition. Harvard Business Review.Available

at:

http://hbr.org/product/clusters-and-the-new-

economics-ofcompetition/an/98609- PDF-ENG

7.

Nastin A.A. Selskohozyyastvennyy cluster Danii / /

Economics

selskokhozyaystvennykh

i

pererabatyvayushchikh predpriyatiy. 2011. No. 4, p.

45.

8.

Tohchukov

R.R.,

Predprinimatelsky

agropromyshlennyy cluster: theoretical basic

composition i functioning c system apk. rubric:

economy avoid 19 April 20 2 2, sovremennye

nauchnye issledovaniya: electronic scientific

journal, http:// /www.sni-vak.ru/ info..@ Slltlak.ru .

References

President Sh.M. Mirziyoevnin 2020 year 21 January Uzbekistan Republic Oliy Majlisira and Senatra Application.

Uzbekistan Republic No. of the President 20 2 1 year 7 february " Uzbekistan Republic Decree No. PF-4947 on further development strategy.

Uzbekistan Republic President 2022 year 28 January " By 2022-2026 mujjalanran Yanri Uzbekistan tara qq i yo t strategy about the flag No. PF-60 Decree. Q ten National database of information, 29.01.2022, No. 06/22/60/0082 .

Alekseenko O.A. Tsifrovizatiya globalnogo mira i rol gosudarstva v tsifrovoy economic/ O.A. Alekseenko, I.V. Ilin// Inform. obshchestvo. - 2019.

Umarov, 1. U., & Yusupova, M. Features of digital innovation management in business. In World science: projects and innovations collection of articles of the XX-XI International Scientific and Practical Conference: at (Vol. 4), 202 3 .

Porter, M. 1998. Clusters and the New Economics of Competition. Harvard Business Review.Available at: http://hbr.org/product/clusters-and-the-new-economics-ofcompetition/an/98609- PDF-ENG

Nastin A.A. Selskohozyyastvennyy cluster Danii / / Economics selskokhozyaystvennykh i pererabatyvayushchikh predpriyatiy. 2011. No. 4, p. 45.

Tohchukov R.R., Predprinimatelsky agropromyshlennyy cluster: theoretical basic composition i functioning c system apk. rubric: economy avoid 19 April 20 2 2, sovremennye nauchnye issledovaniya: electronic scientific journal, http:// /www.sni-vak.ru/ info..@ Slltlak.ru .

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