Abstract
At present, one of the priority tasks of implementing state economic policy is to promote the sustainable development, including the means of agriculture. In the article, the authors revealed the essence of land rent as an institution and identified the need to study the institutional mechanism of land rent in the agricultural sector as a way of regulating the economic activities of landowners, land users and the state in transition to sustainable development. Based on the identified development trends, an algorithm has been developed to improve the institutional mechanism that ensures the effective functioning of the institution of land rent. The conceptual approach proposed in the study can be used as a theoretical and methodological basis for sustainable development and improvement of rental policies in Russian agriculture.
Highlights
In the course of ongoing market reforms in Russian agriculture, the economic conditions significantly transformed, a different sphere of activity of the company was formed, characterized by a variety of forms of ownership, market principles of work, a change in customs, traditions, and mentality of the population
Given the priority of the institutional approach in solving the problems of formation, withdrawal and distribution of rents, in this paper we take the definition of land rent as an institution, which refers to a combination of various formal and informal norms and rules, as well as enforcement mechanisms, the use of which streamlines and strategically orientates owners of land, as well as the state in establishing mutual relations arising in the process of formation, extraction, distribution and use of rental income
The establishment and development of the institution of land rent in agriculture in Russia, as a complex of certain formal and informal norms and rules, requires a special mechanism for their implementation. Such a mechanism is the institutional mechanism of land rent, the purpose of which is to regulate the activities of the institution in question, which can be interpreted as establishing and monitoring compliance with the rules
Summary
In the course of ongoing market reforms in Russian agriculture, the economic conditions significantly transformed, a different sphere of activity of the company was formed, characterized by a variety of forms of ownership, market principles of work, a change in customs, traditions, and mentality of the population. Ignoring the institutional restrictions specific to agricultural production, such as a short production cycle, high production risks, different fertility and location of land plots, weather conditions, traditions of communal land tenure, rural mentality, underdevelopment and ambiguity of the legislative base led to a significant reduction in the efficiency of agricultural production.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
