Scholarly record

DEVELOPMENT OF THE RUSSIAN ECONOMYВ’S AGRICULTURAL SECTOR IN 2015-2016

V. I. Kirko, V. N. Nevzorov, N. I. Pyghykova, N. P. Koptseva, D. V. Khodos

Abstract

The Russian economy is in crisis. In 2014, the Russian government has introduced a food sanctions. This caused a certain economic processes in agriculture, post-Soviet Russia. Now the problem of food security of Russia practically solved. The main figures of the Russian agrarian economy are large agricultural holdings. The value of small farms is reduced. However, the agrarian economy of post-Soviet Russia is on the verge of a new economic crisis associated with the termination of public investment. We discuss a new strategy to overcome the agrarian crisis in modern Russian economy. The most promising strategy is an increase in food imports in Asia and Africa. A food import to the EU is not possible, since the EU has great demands on the quality and safety of food imports. The new economic crisis causes changes in the social structure of the agrarian business. Farmers and peasants suffer large financial losses. The main subjects of agrarian business in modern Russia are large agrarian and industrial holdings. Their specific weight in the production of agricultural products is growing.

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DOI resolver: doi.org/10.5593/sgemsocial2017/14/S04.029

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