AGRICULTURE AND ITS ROLE IN THE ECONOMY OF RUSSIA

Abstract

The main purpose of the article is to assess the share of agriculture in the national economy ofRussia and the designation of the main factors determining the development of agriculture in this country.The importance of agriculture in the Russian economy is relatively small, which is a characteristic featureof developed economies (about 4% of GDP). However, agriculture represents a significant share in thestructure of the employed – 9.2%. The use of agriculture as a food self-sufficiency has become essentialafter imposing embargo on imported products. Russia as a country has a large area of land. The surfaceof the used agricultural land after the fall in the 90s has stabilised at the level of 800 thous. km2. At thesame time intensified agricultural production has resulted in increase of performance and larger crops. Asignificant potential of the land, as well as a progressive technological movement is an opportunity forthe development of agriculture in Russia.

Keywords

• agriculture
• Russia
• Russian economy