Object of research: conditions and mechanisms of the formation of investment efficiency of farming enterprises. The research has been done on the materials of farming enterprises of Bobrynets district of Kirovohrad region. The objective of the research: generalization of theoretical, methodological and practical aspects of the problem of formation of investment efficiency and development of scientifically grounded recommendations concerning its improvement at farming enterprises. The methods of research are dialectic method of perception of social and economic phenomena and systematic approach towards the study of conditions and mechanisms of the formation of investment efficiency of farming enterprises, means of abstract and logical method, induction and deduction in particular, analysis and synthesis, analogies and comparisons, formalization and modeling. In analytical research the following methods were used: the method of comparison, balance, elimination, graphic, calculation of simple and complex percentages, determination of absolute, relative and average quantities, drawing up the series of dynamics and grouping. The indicators of investment efficiency of farming enterprises and factors that influence them were investigated using the methods of typological, structural and analytical grouping, correlation and regressive analysis and expert evaluation. While grounding the perspective necessity in the investments the following methods were used: the method of calculation and structuring, dispersion and correlative regression. The scientific novelty is that for the first time the interrelationships of the subjects of market economy as housekeeping, private farming and farming enterprises in the process of common usage of their investment resources were grounded, and the definitions of notions “capital of farming enterprise” and “investment of farming enterprise” were suggested; the classification of investments of farming enterprises through adding certain characteristics to it was improved. The characteristics take into account the groups of biological assets and types of interrelated in farming enterprising subjects of market economy including the methodological approaches towards the evaluation of efficiency of investment of farming enterprises by means of addition to them such indicators as complete farming effect and macroeconomic effect. The theoretical viewpoints of the peculiarities of the circulation of farming capital through working out special formula were further developed. The order of formation of investment strategy through definition of its main objectives and assignment depending on the size of farming enterprise and implementation of different types of such strategies of investment development of small, medium and large farming enterprises were further researched. The recommendations concerning further perspective tendencies in investment into technical re-equipment and innovative development of farming enterprises were disclosed. The extent of implantation: basic results of the research are used by the Department of agricultural and industrial development of Kirovohrad Regional State Administration and Bobrynets District State Administration of Kirovohrad region, Kirovohrad Regional Department of the Ukrainian State Foundation for the Support of Farming Enterprises, the Association of Farmers and Private Landowners of Bobrynets district, other organizations and farming enterprises of Bobrynets district of Kirovohrad region, and also while teaching process at Kirovohrad National Technical University. The practical implantation of the results of the research into the activity of farming enterprises will give the possibility to evaluate professionally the efficiency of investments and to arrange its further increase.
