ECONOMIC ASPECTS OF RICE PRODUCTION ON RECLAMATION SYSTEMS OF KRASNODAR TERRITORY

Abstract

Purpose: to identify factors contributing to the development of rice production, the efficiency of rice production, stabilization of the sector, using modern approaches based on the analysis of foreign and domestic economic indicators. Materials and Methods. The production and economic indicators of rice growing in Krasnodar Territory are considered. It is shown that the gross yield of rice grain in the Kuban on average is 761.8 thousand tons with an average yield of 59.9 c per ha over the past 12 years. Results: it was found that an increase in production indicators in recent years does not compensate for the costs of crop growing as the sector economics testifies. It was shown that the rice cost value exceeds 1.82–1.99 times the cost value of other crops grown in the region, this is due to the biological characteristics of rice, the specifics of its cultivation and land reclamation activities in the rice irrigation system. The dynamics of the main economic indicators of rice growing is studied. Their significant variability over the years has been stated, that indicates the recent financial instability of the industry. A close positive relationship between the price of rough rice and consumer prices for rice cereal (r = 0.96), realizable cost value (r = 0.83) and rice production costs (r = 0.82) has been shown. A high degree of rice export dependence on grain production output in the Kuban was revealed (r = 0.85). It was found that rice import is in very weak negative dependence on the price of rice corn and grain in the country's consumer market (r = –0.03 and r = –0.05, respectively), and export positively correlates with grain production (r = 0.85) and produced cereals (r = 0.55), this is a consequence of an increase in industry operational indicators. At the same time, the average negative conjugation (r = –0.48) of exports and imports characterizes the market reaction to the lack of domestic products. Conclusions: the further development of rice growing should be based not only on increasing the area of rice sowing and grain production, but also on stabilizing the economic indicators of the sector using state support measures in the agricultural and industrial complex, subsidizing production costs.

Keywords

• rice
• gross yield
• productivity
• cost price
• selling price
• profitability
• correlation dependence
• current assets
• import
• export