Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization

Rocznik Ochrona Środowiska 2025, vol. 27, pp. 722-737

Oleksandr Zaremba¹ , Andrii Sakhno¹ , Nataliіa Chesnik^2,3 , Vitalii Nitsenko^4,5,6 This email address is being protected from spambots. You need JavaScript enabled to view it., Illia Chikov¹ , Tetiana Zakharova¹ , Liudmyla Boltovska¹ 

	1. Vinnytsia National Agrarian University, Ukraine 2. Vinnytsia Socio-Economic Institute of the University, Ukraine 3. Vinnytsia Professional College of the National University of Food Technologies, Ukraine 4. INTI International University, Malaysia 5. Ivano-Frankivsk National Technical Oil and Gas Universit, Ukraine 6. SCIRE Foundation, Poland
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	https://doi.org/10.54740/ros.2025.058

The importance of capital investments for the national economy of Ukraine in general and agriculture in particular is substantiated, since they ensure the formation of tangible and intangible assets of enterprises. It is found that for agricultural production, the main asset for capital investments is agricultural land. At the same time, the activities of agricultural, forestry, and fishery enterprises depend on capital investments in existing buildings, construction of economic structures, purchase of machinery and equipment, as well as in intangible assets – software and concessions, patents, licenses, trademarks, and similar rights. The article reveals the relevance of capital investments as a key tool for ensuring the sustainable development of Ukrainian agro-industrial enterprises in the context of economic and political instability in 2014-2023. The emphasis is on land resources as one of the main factors of production in agriculture, forestry, and fisheries, taking into account the need to increase the efficiency of their use through investment mechanisms. The main objective of the study is to assess the effectiveness of capital investments in the development of land resources of agricultural enterprises, which will allow identifying the potential for increasing the volume of sales and costs of production of products (goods, services) of agricultural, forestry, and fisheries enterprises. The methodological basis of the article includes the use of correlation-regression analysis to establish the relationship between capital investments and key production indicators, as well as the method of analysis of the operating environment, which allows for determining the level of efficiency of investment use in dynamics. Using correlation-regression analysis, a study was conducted of the impact of each type of capital investment on revenue from sales of products (goods, services) and production costs of agricultural, forestry, and fishery enterprises, which allowed us to identify the absence of the impact of an increase in the volume of capital investments on the growth of sales and production costs. At the same time, a relatively significant impact of capital investments is observed on other types of assets, the increase of which ensures an increase in sales and costs for products (goods, services) of agricultural, forestry, and fishery enterprises, in particular, the purchase of software. The paper presents a comprehensive assessment of investments in tangible and intangible assets, including land, buildings, machinery, equipment, and software. The results of the study showed that investments in land do not have a sufficient impact on the economic performance of enterprises, while investments in software and construction have a pronounced positive effect. The method of analysis of the operating environment was used to identify the efficiency of using capital investments for the development of land resources in the context of increasing the volume of sales and costs for the production of products (goods, services) of agricultural, forestry and fishery enterprises, which made it possible to identify the lost potential over the past ten years and to propose approaches to improving production indicators for the following periods. An efficiency line was constructed to identify the most productive periods of investment in the development of land resources, and optimization scenarios were proposed, taking into account the potential for increasing product sales and reducing costs. An assessment of the savings of capital investments in cases of their inefficient use was carried out, and the potential for increasing economic efficiency in the future was calculated. The results of the work are a valuable tool for strategic planning of investment activities of agro-industrial enterprises in conditions of limited resources, market challenges, and military threats, and the proposed methodology can be adapted to assess the effectiveness of investments in other sectors of the Ukrainian economy.

capital investments, sustainable development, land resources, agricultural enterprises, investment efficiency, correlation-regression analysis, operating environment analysis, digitalization in agriculture

AMA Style
Zaremba O, Sakhno A, Chesnik N, Nitsenko V, Chikov I, Zakharova T, Boltovska L. Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization. Rocznik Ochrona Środowiska. 2025; 27. https://doi.org/10.54740/ros.2025.058

ACM Style
Zaremba, O., Sakhno, A., Chesnik, N., Nitsenko, V., Chikov, I., Zakharova, T., Boltovska, L. 2025. Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization. Rocznik Ochrona Środowiska. 27. DOI:https://doi.org/10.54740/ros.2025.058

ACS Style
Zaremba, O.; Sakhno, A.; Chesnik, N.; Nitsenko, V.; Chikov, I.; Zakharova, T.; Boltovska, L. Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization. Rocznik Ochrona Środowiska 2025, 27, 722-737. https://doi.org/10.54740/ros.2025.058

APA Style
Zaremba, O., Sakhno, A., Chesnik, N., Nitsenko, V., Chikov, I., Zakharova, T., Boltovska, L. (2025). Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization. Rocznik Ochrona Środowiska, 27, 722-737. https://doi.org/10.54740/ros.2025.058

ABNT Style
ZAREMBA, O.; SAKHNO, A.; CHESNIK, N.; NITSENKO, V.; CHIKOV, I.; ZAKHAROVA, T.; BOLTOVSKA, L. Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization. Rocznik Ochrona Środowiska, v. 27, p. 722-737, 2025. https://doi.org/10.54740/ros.2025.058

Chicago Style
Zaremba, Oleksandr, Sakhno, Andrii, Chesnik, Nataliіa, Nitsenko, Vitalii, Chikov, Illia, Zakharova, Tetiana, Boltovska, Liudmyla. 2025. "Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization". Rocznik Ochrona Środowiska 27, 722-737. https://doi.org/10.54740/ros.2025.058

Harvard Style
Zaremba, O., Sakhno, A., Chesnik, N., Nitsenko, V., Chikov, I., Zakharova, T., Boltovska, L. (2025) "Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization", Rocznik Ochrona Środowiska, 27, pp. 722-737. doi:https://doi.org/10.54740/ros.2025.058

IEEE Style
O. Zaremba, A. Sakhno, N. Chesnik, V. Nitsenko, I. Chikov, T. Zakharova, L. Boltovska, "Capital Investments in Sustainable Development of Land Resources of Ukrainian Agrarian and Industrial Complex Enterprises: Assessment, Modeling, Optimization", RoczOchrSrod, vol 27, pp. 722-737. https://doi.org/10.54740/ros.2025.058