Developing Competitive Advantages in the Agricultural Sector in the Context of Environmental Sustainability: Environmental Land Rent
Aim. The presented study aims to propose ways of developing new competitive advantages with allowance for the requirements of environmental sustainability by systematizing theoretical approaches and analyzing the institutional aspects of land rent.Tasks. The authors show systemic trends in the formation of environmental rents in the agricultural sector and propose a plan for developing competitive advantages in the context of environmental sustainability challenges by using the systemic effects of various forms of environmental land rent.Methods. This study uses the methods of comparison, systems analysis, systematization of information, and the monographic method.Results. A generalized scheme for developing competitive advantages in the context of new environmental sustainability challenges and requirements based on the use of the systemic effects of various forms of environmental land rent is presented.Conclusions. The greening of agro-industrial production is a prerequisite for achieving environmental, energy, food, and climate security. Companies that manage to effectively combine sustainability and strategy create value by changing their business model to form a new environmental and social resource associated with factors contributing to business advantage and value creation. The rent system in the agricultural sector expands the concept of land rent. The localization of agricultural rents makes it possible to use systemic effects for increased environmental and social impact, enhancing advantages for the business.