Development of the Agro-Industrial Complex of Russia at the Present Stage
2024
Ershov, Bogdan | Bobrovnikova, Marina
The article shows the development of agriculture in Russia at the present stage. It is agriculture that today is steadily one of the fastest growing sectors of the Russian economy. The production of certain products has been demonstrating historical records for a number of years, which has allowed Russia to become a prominent supplier to world markets. The growth of the agricultural sector has been facilitated by both natural factors (geographical location, large areas of agricultural land, vast water resources), investment inflows and improved management. The introduction of sanctions and government measures aimed at import substitution also contributed to the development of agricultural production in the country. This trend coincided with a significant increase in demand for basic foodstuffs due to population growth, primarily urban population growth, climate change, etc. It should be noted that the growth in demand contributes to the growth of long-term risks of instability in the world markets.
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