Trends and Patterns of Development of Regional Agricultural Markets in the Russian Federation

Alexey N. Gerasimov, Yevgeny I. Gromov, Natalia V. Kulish, Olga E. Sytnik, Valentina S. Varivoda    

Stavropol State Agrarian University, 355017, Russia, Stavropol, Zootechnical Lane, 12

ABSTRACT: The main purpose of this study is to develop a comprehensive scientific issue of ensuring development of local agricultural markets in modern Russia, as well as to identify the main factors that shape the nature of the development of these markets, assess the objective tendencies and patterns of their development, model the condition and project their growth. Synthesized econometric models of production and sales of major agricultural products by undertakings should be seen as a tool for taking management decisions aimed at improving the economic relations and providing the most efficiency of the ongoing policy measures in the region. It should be remembered that in order to obtain reliable results of modeling and forecasting, the synthesized system of econometric equations and predictions derived from them require periodic updating and addition due to changing conditions.

KEYWORDS: sustainable development; assessment; econometric approach; factors of agricultural production; forecasting

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