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Regional Economics: Theory and Practice
 

Assessment of the capacity of the market of agricultural innovation machinery in conditions of the import substitution strategy realization

Vol. 14, Iss. 10, OCTOBER 2016

PDF  Article PDF Version

Received: 30 March 2016

Received in revised form: 11 April 2016

Accepted: 18 April 2016

Available online: 24 October 2016

Subject Heading: AGRO-INDUSTRIAL COMPLEX

JEL Classification: M31, О31, O33, Q13

Pages: 128-137

Sereda N.A. Kostroma State Agricultural Academy, Kostroma, Russian Federation
sereda_n@mail.ru

Evgen'ev P.S. Kostroma State Agricultural Academy, Kostroma, Russian Federation
pavelevgenev@yandex.ru

Importance The main reason for the low competitiveness of domestic agricultural production is the lack of equipment, reliable technology, and perfect and efficient machines. From a methodological point of view, market launch of innovative technology requires new scientific approaches to marketing research.
Objectives The article aims to develop methods to assess the capacity of the market of innovative technology for agriculture, as well as provide a rationale for actual and potential demand for flax harvesting machines.
Methods For the study, we used an economic-statistical method, abstract and logical conclusions, and the generalization.
Results To achieve the goals of the study, we have developed, and now we are offering our own method tested through evaluation of the flax puller market capacity in the Russian Federation. Our calculation method proposed to determine the potential annual sales of innovative machines is absolutely workable. This is confirmed by the flax harvesting machinery example.
Conclusions and Relevance The submitted technique allowed to predict the current and potential annual sales of new machines for flax harvesting. It can be applied to assess market needs in other innovative technology machinery for agriculture.

Keywords: innovation, invention, market research, market capacity, agricultural machinery

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