The Year-End Results of 2017 and New Developments in Russia's Agrarian Policy
15 Pages Posted:
Date Written: July 12, 2018
In 2017, the harvest of cereals, including wheat, Russia’s top agricultural export commodity, hit its record high. This happened mostly due to a significant rise in wheat harvest against the three previous years. At the same time, the record-high harvest caused problems with the transportation of grain from the regions of the Siberian Federal District. Agricultural producers also note a decline in the profitability of agricultural production (on the average, by 8.4 percent, to 12-14 percent) due to the accelerated growth in the prices of inputs by comparison with that of the sales price of grain, which lagged behind because of the record-high harvest.
Keywords: Russian Economy, Agrarian Policy, Food Security
JEL Classification: Q13, Q14, Q15
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