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Improvement of Mechanisms of State Regulation of the Russian Grain Market

Совершенствование механизмов государственного регулирования российского рынка зерна

Vasily Uzun, Nikolai Svetlov (), Natalia Shagaida (), Daria Loginova and Shishkina, Ekaterina (Шишкина, Екатерина) ()
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Shishkina, Ekaterina (Шишкина, Екатерина): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Basing on the analysis of Russian and foreign practices of grain market regulation and computer experiments on the imitation model of the Russian wheat market, the paper proposes the reasons why the measures to regulate the Russian grain market did not reach, as a rule, the goals set forth in the Law on Agricultural Development adopted in 2006. Proposals for improving regulatory mechanisms are justified. The most important of them: commodity and procurement interventions should be carried out according to the rules established by law and according to pre-approved, and not at current exchange prices; It is advisable to regulate commodity and procurement interventions in the grain market using rules that are transparent to the market and allow independent monitoring of their implementation; The formula for annual specification of borders of a price corridor is offered. In the process of improving the system of regulation of the national grain market, it is suggested to follow a strategy aimed at moving in the long term from the system of commodity and purchasing interventions to the system of compensation for price losses similar to that introduced in the United States in 2014.

Pages: 76 pages
Date: 2017-05
New Economics Papers: this item is included in nep-agr, nep-cis and nep-tra
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