Substantiation of strategic directions for the development of integrated agro-industrial entities in modern conditions

Issue № 10, 2022, article № 11, pages 110-115

Language: Russian

Original language title: ОБОСНОВАНИЕ СТРАТЕГИЧЕСКИХ НАПРАВЛЕНИЙ РАЗВИТИЯ ИНТЕГРИРОВАННЫХ АГРОПРОМЫШЛЕННЫХ ОБРАЗОВАНИЙ В СОВРЕМЕННЫХ УСЛОВИЯХ

Keywords: AGRO-INDUSTRIAL ENTITIES, INTEGRATED BUSINESS STRUCTURES, AGRO-INDUSTRIAL COMPLEX, DEVELOPMENT ECONOMICS

Abstract: In the article, based on the analysis of theoretical and practical materials, the author substantiates the directions of development of integrated entities in the modern agro-industrial complex of Russia. The works of economic scientists devoted to the development of integrated business structures in the agricultural sector of the Russian economy are analyzed. Despite the small number of large enterprises in the Russian agro-industrial complex, large integrated agro-industrial formations show stable and sustainable development in modern conditions. An example of building a successful development strategy among large integrated agro-industrial formations in the Russian agro-industrial complex, according to the author, is the activity of ROS AGRO PLC "Rusagro" - one of the largest vertically integrated agricultural holdings in Russia. The company has identified the following areas as strategic development goals: business expansion; digital transformation and innovation; increase in retail sales; development of human capital. The conclusion is made about the significant advantages of large integrated entities in comparison with small and medium-sized organizations. The positive aspects in the development of large integrated agro-industrial entities in the modern agro-industrial complex are: savings due to the formation of a chain of processes in integration business structures, minimizing the costs of finding partners, reducing the cost of storing products, providing expanded access to financial resources, as well as reducing risks and ensuring an increase in the efficiency of production activities of economic entities that form the basis of data integrated associations. Under the current conditions, the state should play a key role in the development of these entities, and integrated business structures can be the basis of a modern agrarian economy.

Authors: Monakhov Sergei Vladimirovich