AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN

The market for grain is vital to the achievement of a nation’s food security, promoting development in adjacent sectors of its economy, and driving its economic development in general. This paper attempts to determine the degree to which reductions in grain production in 2018 may affect Russia’s sel...

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Main Authors: Svetlana Viktorovna PANASENKO, Ibragim Agaevich RAMAZANOV, Oksana Sergeevna KARASHCHUK, Elena Aleksandrovna MAYOROVA, Alexander Fedorovich NIKISHIN
Format: Article
Language:English
Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2019-01-01
Series:Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
Online Access:https://managementjournal.usamv.ro/pdf/vol.19_1/Art46.pdf
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author Svetlana Viktorovna PANASENKO
Ibragim Agaevich RAMAZANOV
Oksana Sergeevna KARASHCHUK
Elena Aleksandrovna MAYOROVA
Alexander Fedorovich NIKISHIN
author_facet Svetlana Viktorovna PANASENKO
Ibragim Agaevich RAMAZANOV
Oksana Sergeevna KARASHCHUK
Elena Aleksandrovna MAYOROVA
Alexander Fedorovich NIKISHIN
author_sort Svetlana Viktorovna PANASENKO
collection DOAJ
description The market for grain is vital to the achievement of a nation’s food security, promoting development in adjacent sectors of its economy, and driving its economic development in general. This paper attempts to determine the degree to which reductions in grain production in 2018 may affect Russia’s self-sufficiency in grain and grain prices. To this end, the authors analyzed the formation and use of grain resources in the Russian Federation, assessed Russia’s self-sufficiency in grain, and assessed the correlation between grain production and grain prices in the Russian Federation. The findings indicate that Russia’s grain production is currently characterized by positive trends, with boosts posted in grain production, reserves, and exports. With Russia’s increasing self-sufficiency in grain, its robust grain production levels are making it possible to fully provide for the nation’s internal need for grain, as well as produce enough grain to export. In the authors’ view, reductions in grain production in 2018 should not jeopardize Russia’s self-sufficiency in grain or cause its shortages. Reduced grain production should not result in a rise in prices for grain and related food products (bread, macaroni, flour, etc.), as Russia’s domestic market for grain has no reverse correlation between production and prices. Despite the positive trends, Russia’s grain production sector has been faced with a number of issues, like low economic efficiency levels, low productivity levels, and poor grain quality. These issues could be resolved through modernizing the nation’s grain production sector, with a focus on directing the Russian economy to an innovation-focused path of development.
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issn 2284-7995
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publishDate 2019-01-01
publisher University of Agricultural Sciences and Veterinary Medicine, Bucharest
record_format Article
series Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
spelling doaj-art-17496ac3c3e546228c99bc4d823be4ea2025-08-20T02:40:26ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522019-01-011913393482080AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAINSvetlana Viktorovna PANASENKOIbragim Agaevich RAMAZANOVOksana Sergeevna KARASHCHUKElena Aleksandrovna MAYOROVAAlexander Fedorovich NIKISHINThe market for grain is vital to the achievement of a nation’s food security, promoting development in adjacent sectors of its economy, and driving its economic development in general. This paper attempts to determine the degree to which reductions in grain production in 2018 may affect Russia’s self-sufficiency in grain and grain prices. To this end, the authors analyzed the formation and use of grain resources in the Russian Federation, assessed Russia’s self-sufficiency in grain, and assessed the correlation between grain production and grain prices in the Russian Federation. The findings indicate that Russia’s grain production is currently characterized by positive trends, with boosts posted in grain production, reserves, and exports. With Russia’s increasing self-sufficiency in grain, its robust grain production levels are making it possible to fully provide for the nation’s internal need for grain, as well as produce enough grain to export. In the authors’ view, reductions in grain production in 2018 should not jeopardize Russia’s self-sufficiency in grain or cause its shortages. Reduced grain production should not result in a rise in prices for grain and related food products (bread, macaroni, flour, etc.), as Russia’s domestic market for grain has no reverse correlation between production and prices. Despite the positive trends, Russia’s grain production sector has been faced with a number of issues, like low economic efficiency levels, low productivity levels, and poor grain quality. These issues could be resolved through modernizing the nation’s grain production sector, with a focus on directing the Russian economy to an innovation-focused path of development.https://managementjournal.usamv.ro/pdf/vol.19_1/Art46.pdf
spellingShingle Svetlana Viktorovna PANASENKO
Ibragim Agaevich RAMAZANOV
Oksana Sergeevna KARASHCHUK
Elena Aleksandrovna MAYOROVA
Alexander Fedorovich NIKISHIN
AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
title AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
title_full AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
title_fullStr AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
title_full_unstemmed AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
title_short AN INVESTIGATION INTO RUSSIA’S CURRENT LEVEL OF SELF-SUFFICIENCY IN GRAIN
title_sort investigation into russia s current level of self sufficiency in grain
url https://managementjournal.usamv.ro/pdf/vol.19_1/Art46.pdf
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