Implementation Of Agricultural Policy In The Context Of International Sanctions

Abstract

The article examines the essence, directions and results of the agricultural policy pursued during the period of sanctions pressure from the countries of the European Union and the USA. The implementation of the agrarian policy did not allow achieving the indicators of the State Program for the Development of Agriculture. It provides for the achievement of food security on the basis of import substitution in the agrifood market and the formation of an export-oriented agricultural economy. Import substitution in the market can be carried out in two ways: first -increasing production, increasing the competitiveness of domestic goods and ousting imported products from the domestic market. The second is restricting the import of foreign goods on the basis of tariff (duties) and non-tariff (quotas, import licensing, embargo) regulation, as well as subsidizing Russian producers. Import substitution requires significant financial investments, and it largely depends on the resource provision of the State Program. The index of the physical volume of investments in fixed assets of agriculture in 2019 compared to 2017 amounted to 102.0% with the planned 105.1%. Therefore, it is necessary to intensify the attraction of domestic and foreign investments for development of branches of the agro-industrial complex. In conditions of saturation of the domestic market with certain types of food products, high competition and a decrease in the effective demand of the population, the possibilities for increasing production are limited. The increase in the production of products of the agro-industrial complex will be facilitated by the growth of agricultural exports.