Factors of sustainable development of the grain market of the Russian Federation and assessment of their impact on the competitiveness of domestic grain producers

Факторы устойчивого развития зернового рынка РФ и оценка их влияния на конкурентоспособность отечественных зернопроизводителей

Valeria D. Chernikova (Черникова В.Д.)
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Valeria D. Chernikova (Черникова В.Д.): Rostov State University of Economics

State and Municipal Management Scholar Notes, 2024, vol. 4, 309-316

Abstract: In the presented article, the author substantiates the need to take into account the full variety of external and internal factors of sustainable development of the grain market as an important condition for compliance with the standards of a highly competitive global grain market. The purpose of the study was to systematize and stratify ESG factors depending on the specific ecological, economic, social and infrastructural results obtained by the industry, as well as their correlation with those adaptation and optimization tools that can provide domestic grain producers with long-term strategic competitiveness in world markets, as well as increase the financial and economic results of the industry even in conditions of high volatility of supply and demand. The result of the conducted research and a certain increment of theoretical and methodological knowledge on this topic was a model of sustainable development of the grain market of the Russian Federation, reflecting the relationship of factors influencing the industry and adaptation industry tools, the use of which is based on those financial capabilities of grain producers, which were identified in the article as part of the description of the new transformed economic model of the grain market. The author substantiates the high efficiency and prospects of integration into the grain industry of both ESG principles and clustering, pointing out that the cluster development path facilitates the procedures for financing sustainable agricultural practices and simplifies the processes of conducting scientific research and implementing the best available technologies. At the same time, the state needs to implement certain protectionist measures against the grain industry, which should support its development during a period of serious geopolitical shifts and conjunctural fluctuations in financial and commodity markets.

Keywords: grain industry; factors of competitiveness of Russian grain; sustainable industry development; financial markets; economic model (search for similar items in EconPapers)
Date: 2024
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