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Agriculture: The Results of the Second Year of the Pandemic
[Сельское Хозяйство: Итоги Второго Года Пандемии]

Author

Listed:
  • Natalia I. Shagaida

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Denis S. Ternovskiy

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Despite the fall in the physical volume of agricultural production and exports in 2021, the excess of 2020 figures in value terms stood at 17.1% and 21.3%, respectively. The main contribution to the change in production indicators was made by a 9% decrease in the grain harvest. Losses in the production of vegetables and potatoes were fully offset by the growth of the production of oilseeds and sugar beets. The growth of livestock production was insignificant. The structure of the cost of agricultural production in comparison with the sources of resources allows us to conclude about the risk of its growth in the event of rising prices on the foreign market and the ruble depreciation in 2022.

Suggested Citation

  • Natalia I. Shagaida & Denis S. Ternovskiy, 2022. "Agriculture: The Results of the Second Year of the Pandemic [Сельское Хозяйство: Итоги Второго Года Пандемии]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 36-40, February.
    • Handle: RePEc:gai:recdev:r2219
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    More about this item

    Keywords

    agriculture; agricultural production; agricultural products; production cost of agricultural products; prices on agricultural products; sources of inputs;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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