The Agro-industrial Complex: Tendencies, Scenarios, and Regulation

Ch. 8. P. 233–247.

Sergi Bruno S., Popkova E., Bogoviz A. V., Ragulina J.

The purpose of the article is to study the recent tendencies of growth of Russia’s agro-industrial complex (AIC), determine the optimal scenario of its development, and develop recommendations in the sphere of state regulation for its practical implementation. While there are tendencies of growing production and increase in Russia’s export, against this background, there is a tendency of quicker increase of import of food – if it continues, positive balance of foreign trade of food products in 2018 will turn into negative balance in 2020–2024. Though efficiency of crop farming is peculiar for a tendency of quick growth, efficiency of animal breeding is stable, which does not allow overcoming the growing deficit of food in Russia, which grows under the influence of the tendency of wear of fixed funds and slow implementation of new fixed funds due to insufficient financing. Scenarios of mid-term (i.e., until 2024) growth of Russia’s AIC are compiled, of which the most optimal is scenario that requires technological advancements, due to which increase in the value of index of food security up to 85.00 points (27%) will be achieved and the set goals of growth and development of Russia’s AIC will be reached. For a successful optimal scenario of the growth of Russia’s AIC, we offer recommendations in the sphere of state regulation of its digital modernization: adoption of the national strategy of transition to AIC 4.0 within the program “Digital economy of the RF,” development of import substitution in the AIC with emphasis on B2B markets, preparation of the technological platform for transition to AIC 4.0, and sufficient financing for digital modernization of the AIC.

Keywords: production, Growth and development, agro-industrial complex (AIC), digital modernization, AIC 4.0

In book

Modeling economic growth in contemporary Russia

Emerald Group Publishing Limited, 2019.