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Financial Analytics: Science and Experience
 

The role of State aid to the agricultural-industrial complex in increasing the food security of the nation

Vol. 10, Iss. 5, MAY 2017

PDF  Article PDF Version

Received: 19 January 2017

Received in revised form: 9 March 2017

Accepted: 22 March 2017

Available online: 15 May 2017

Subject Heading: Economic policy

JEL Classification: R11, R12, R13, R51, R58

Pages: 579-596

https://doi.org/10.24891/fa.10.5.579

Sazonov S.P. Volgograd State Technical University, Volgograd, Russian Federation
sazonovsp@mail.ru

Fedotova G.V. Volgograd State Technical University, Volgograd, Russian Federation
g_evgeeva@mail.ru

Sibagatulina L.M. Volgograd State Technical University, Volgograd, Russian Federation
sibag94@mail.ru

Importance The article illustrates the Volgograd Oblast and the need in the State aid to the agricultural-industrial sector in line with specific factors. The article puts a special focus on subsidies as the crucial instrument of the governmental agricultural policy pursuing an increase in the national food security.
Objectives The research evaluates the development of the agricultural-industrial sector of Russia for higher food security and determines future prospects. We review the significance of the State aid, considering the need to enhance the food security, and the procedure for obtaining subsidies in the AIC. The research identifies the current situation in the AIC of the Volgograd Oblast, efficiency of governmental programs and subsidies there.
Methods The research involves methods of comparative analysis, systematization, classification, analogy, matching.
Results The research represents a comprehensive overview of aspects of the State aid to the AIC for higher food security. We also found strengths and weaknesses of the current governmental programs, grants, and subsidies in the area.
Conclusions and Relevance Considering the current development level of the Russian economy, agricultural enterprises can satisfy their needs only if the State provides them with special aid. The findings can be used to articulate strategic goals for the development of the Russian economy, improvement of the State aid mechanisms in the AIC.

Keywords: agricultural-industrial complex, governmental, agricultural policy, subsidy, grant

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