The author considers the current financial status and the efficiency of agriculture in Russia, evidenced from the Novosibirsk Region, as one of the leading food producers in Siberia. The basic disadvantages in the system of indicators to assess the effectiveness of state-run programs and the use of state support for the agricultural industry development are identified. The author has proposed the indicators enabling one to objectively reflect the current status of agricultural producers. These indicators can be used by the state when creating favorable conditions for expanded and innovative reproduction. They were used to determine deficiency of the state funding of the agricultural industry at different types of reproduction.

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Increasing the efficiency of agricultural production and its processing is a priority since the farming industry provides the population with the necessary food. The provision of the domestic market with processing products of the crop industry and its high competition is forcing domestic flour milling organisations to pay more and more attention to foreign markets, but this requires solving the problem of the relatively high cost of Russian flour, the main component of which is grain, the price of which is constantly growing. The increase in world trade in flour also contributes to expanding export deliveries. At the same time, the fact that each country seeks to establish its flour production becomes a deterrent. Russian flour is more expensive than Turkish, Kazakh, and Ukrainian, but in terms of quality, it has the advantage of not using toxic substances (which many foreign manufacturers “sin” with). The task of ensuring and maximising the efficiency of production and processing of grain requires a successful solution to take into account a large number of factors - labour, investment, economics, and others, which are comprehensively taken into account in the process of analysing the efficiency of production, processing, and export of grain about value added to material costs.

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This work examines the current state of dairy cattle breeding in Russia and in the Siberian Federal District, on the example of the Novosibirsk region. Main disadvantages of the existing mechanism of state support for agriculture are defined. The authors propose a set of economic indicators that help to improve efficiency in allocating state funding on the basis of production volumes and the level of production costs in a separate agricultural organization, municipality, natural and economic zone and the region as a whole.