THEORETICAL FOUNDATIONS OF ECONOMIC GROWTH OF LIVESTOCK PRODUCERS

Abstract

The article is devoted to studying the theoretical foundations of the economic growth of livestock producers.

The study is key to forming effective agricultural policy, developing sustainable business models, and ensuring the long-term viability and competitiveness of the industry, which ultimately affects the well-being of society.

It is determined that livestock producers' economic growth depends on the complex interaction of internal factors (production, personnel, management, innovation potential) and external influences (market conditions, state policy, natural and climatic, and socio-economic factors). Success is achieved when the enterprise can effectively use its internal capabilities and adapt to external challenges.

It is established that the development and effective use of production capacity, human capital, market position, and management potential are the foundation of economic growth. Each of these elements is interconnected: qualified personnel (human capital) use production facilities more efficiently, and competent management (management potential) allows for better adaptation to market conditions and the introduction of innovations.

The need to consider the industry's unique features (biological nature of production, production cycle duration, high capital intensity, dependence on the feed base, and veterinary and sanitary requirements) has been proven. These factors dictate special approaches to planning, management, and investment.

It is substantiated that to ensure sustainable and effective economic growth of livestock producers, a sound theoretical basis based on market economic laws is required, as well as the practical implementation of strategies that combine intensification, innovation, and the principles of sustainable development. This will allow industry to increase volumes and produce high-quality, competitive products, minimizing risks and ensuring long-term development prospects.