The main trends in the development of agriculture in Russia in the context of economic sanctions

Abstract

The aim of the study is to examine the main trends in the development of agriculture in Russia in the light of trade and economic sanctions, which had a significant impact on the development of the industry. The analysis showed that despite the decrease in the growth rate of value added in the agricultural sector, the production volumes of certain types of products increased significantly. This made it possible not only to ensure food security within the framework of the import substitution policy, but also to plan a significant increase in the export potential of the agricultural sector. The traced processes of concentration and centralization lead to a reduction in the number of enterprises of various categories of farms with an increase in the profitability of the remaining ones, with a significant level of state support. In general, the industry is developing at a much higher pace than the country’s economy, which gives reason to make favorable forecasts.