Prospects for the development of agribusiness in conditions of economic instability

Abstract

In modern conditions of geopolitical tension, agribusiness is an important sector that plays an integral role in ensuring food security and sustainable development of the country. Nevertheless, economic instability creates serious challenges for the development of the country’s agroindustrial complex as a whole. We see financial instability of world markets, political conflicts, and other macroenvironmental factors as the causes of instability. The purpose of the article is to study the key trends in the development of agribusiness in conditions of uncertainty using the example of the Rostov region. The Rostov region is one of the largest agro-industrial regions of Russia, and therefore the study of factors influencing the agribusiness of this geographical area is of interest. The restrictions imposed on the country have a direct impact on trade, financing, availability of technology, and cooperation with foreign partners. The result of the study was, firstly, the identified problems of agribusiness that impede the industry’s full growth, and, secondly, the identified prospects for sustainable development and growth of the industry in a rapidly changing environment.