Regional Economics: Theory and Practice
 

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A justification of the priority areas of economic development of the regional agribusiness

Vol. 18, Iss. 5, MAY 2020

Received: 4 February 2020

Received in revised form: 17 March 2020

Accepted: 13 April 2020

Available online: 15 May 2020

Subject Heading: AGRO-INDUSTRIAL COMPLEX

JEL Classification: Q13, Q14, Q16

Pages: 940–950

https://doi.org/10.24891/re.18.5.940

Al-Baydani I.J.A. National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation
ehabb.1994@yahoo.com

ORCID id: not available

Subject. This article explores the trends in agricultural development, the impact of government regulation, and the effectiveness of agribusiness at the regional level. The Republic of Mordovia is a case study.
Objectives. The article aims to identify the key priority areas of agricultural development in the Republic of Mordovia.
Methods. For the study, I used the methods of dynamic and factor analyses, comparison, and generalization.
Results. The article identifies the main problems hindering the development of the industry and offers recommendations to address them.
Conclusions. In general, the dynamics of the agro-industrial complex of Russia's development is positive, although there are significant financial problems in some regions. To improve the situation, it is advisable to provide financial support not to profitable enterprises of the industry only, but also the low-profit ones.

Keywords: agro-industrial complex, agriculture, State support, subsidized credit, entrepreneurship, farming

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