CONCEPTUAL BASIS FOR INNOVATIVE POTENTIAL OF AGRICULTURAL PRODUCTION IMPLEMENTATION

The article deals with institutional components and conceptual provision of implementation of agribusiness innovative capacity. It has been argued that the main problem in implementing innovative potential of agribusiness and low innovative activity of commodity producers consists in lack of consistent institutional support of innovative process. It has been established that for implementation of innovative development of agribusiness it is necessary to introduce an institutional mechanism with its inherent objectives, methods, tools and activity channels. Offered to determine an overall performance of food security as basis of strategy generation of agribusiness innovation development. It has been proved that prospects of innovative development of agribusiness are determined through the ability of institutional regulation to assure an outcome based on implementation of agro-innovations at different levels of organization as well as through the ability of institutional mechanisms to adapt regulatiory impacts.