The purpose of the article is to substantiate a necessity and main directions of development and updating of fixed production assets of agricultural production in Ukraine. Research methods. In the research process were used the following scientific methods: dialectical methods of cognition of processes and phenomena; monographic method (for analysis of development and provision of agriculture with fixed production assets); empirical method (for complex assessment of current state of the research object); comparative analysis (for identifying problems and goals of material and technical provision in Ukraine and its neighbouring countries); abstract and logical method (for generalization and formulation of conclusions). Research results. There were developed theoretical and methodological foundations, which cover basic directions for providing reproduction and updating of fixed production assets, raising the level of technical and technological equipment of agrarian production, timeous and full provision of agriculture with material resources. Current state and prospects of fixed assets’ development in Ukraine were analysed. On basis of the research of supply problems of fixed assets for agricultural production, especially their active component, scientific and substantiated proposals on improvement of material and technical provision of agricultural enterprises were developed. Elements of scientific novelty. As elements of scientific novelty were further developed theoretical provisions on material and technical development in agriculture based on the modernization of material and technical base of agricultural enterprises, taking into account achievements of scientific and technological progress, accelerating solutions of important problems in further production intensification, which will promote the introduction of advanced technologies and increase of labour productivity. Practical significance. Calculations on determining a regulatory need for fixed production assets for agricultural production for the period up to 2025 were carried out. Proposals were developed to increase the actual capitalization of agricultural enterprises, which will enable, in particular, the attraction of additional credit and investment resources. Tabl.: 2. Figs.: 2. Refs.: 20