Food Supply Security and Import Substitution as the Key Strategic Objectives of the Modern Agricultural Policy Cover Image

Продовольственная безопасность и импортозамещение - основные стратегические задачи современной аграрной политики
Food Supply Security and Import Substitution as the Key Strategic Objectives of the Modern Agricultural Policy

Author(s): Anatoly Ivanovich Altukhov, Veniamin Vasilyevich Drokin, Aleksey Serafimovich Zhuravlev
Subject(s): Economy
Published by: Институт экономики Уральского отделения Российской академии наук
Keywords: agricultural policy; price disparity; Eurasian Economic Union; import substitution; competitiveness and competitive advantages; food supply security and independence;

Summary/Abstract: A crucially new social- and economic situation has shaped up by now in the rural areas and agricultural sphere; in its manyinstances such situation does not fit in the national agricultural policy in effect called upon to be a long-term instrument for economicadjustment of the agro-food market and state support of the agricultural sphere, most significantly, its foundation — the farming sector.Ensuring of food supply security by import substitution in the age of the national farm product markets globalization is possible in themacro-economic conditions promoting the development of the agricultural sector. The main reason that retards this sector development isinequitable cross-sector exchange at sacrifice of the agricultural industry. The article sets forward and approbates the author’s method ofsimple assessment procedure of how the price cross-sector relations and state financial support (in the form of subsidies) of the agriculturalenterprises influence their profitability generation. Further to the assessment, the following conclusions have been made:— in view of the tangible contribution of the agricultural sector to the country economy, this sector is self-reliant for its owndevelopment, i.e. the state is reasonably in a position to increase expenses for eliminating negative consequences of inequitable crosssectorexchange;— the amount of expenses for state financial support is supposed to enable the agricultural commodity producers to generateprofitability to the level that can stimulate the farm workers’ labour efficiency and build up a system of affordable credit facilities for theobjects of techno-engineering modernization necessary to produce competitive products.— the issue of improving the competitiveness of agricultural production should be addressed in the first place at the federal level.Among the essential factors to increase the competitiveness of specific types of domestic food products and agricultural raw materials,one should consider the implementation of theoretically sustained agreements on the agricultural policy in EEU countries. The articleconsiders the guidelines to form the common agricultural policy in the new integrated entity.

  • Issue Year: 11/2015
  • Issue No: 3
  • Page Range: 256-266
  • Page Count: 11
  • Language: Russian