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Investment and innovative support to the development of organic farming in Russia

Koreva O.V. Orel State University named after I.S. Turgenev, Orel, Russian Federation ( olga_koreva@mail.ru )

Sivtsova V.A. Orel State University named after I.S. Turgenev, Orel, Russian Federation ( sivtsova.viktoriya@yandex.ru )

Journal: Regional Economics: Theory and Practice, #2, 2019

Subject This article discusses the ecological problems in agricultural production and issues of introduction of innovation into agricultural production on the basis of organic farming.
Objectives The article aims to analyze the peculiarities of the development of organic farming in Russia and problems of its investment and innovative support.
Methods For the study, we used the methods of logical and statistical analyses.
Results The article shows that the demand for ecologically clean products in Russia is satisfied by no more than 30 percent.
Conclusions In Russia, the organization of agricultural production on the basis of biotechnology is in the formative stage. In modern conditions, the effective development of organic agriculture on an innovative basis directly depends on the size, structure and area of investment. The organic farming market is attractive to investors because of the high return on investment and growing demand.


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