Table of Contents: Subsidies for the agricultural development – theoretical approach and practice of the EU Common Agricultural Policy. Review of the methodological approaches and empirical studies on investment behaviour of farmers and assessment of subsidies for agricultural development at the micro level. Use of subsidies for agricultural development and their impact on the economic and financial situation of farms. Increase of the production in the farms and its impact on the level of the operational and strategic risk. Subsidies and finance and economics of farms managed by natural persons.