Regional Economics: Theory and Practice
 

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Investment and innovative support to the development of organic farming in Russia

Vol. 17, Iss. 2, FEBRUARY 2019

Received: 26 November 2018

Received in revised form: 14 December 2018

Accepted: 20 December 2018

Available online: 15 February 2019

Subject Heading: AGRO-INDUSTRIAL COMPLEX

JEL Classification: E22, Q13, Q14, Q18, Q57

Pages: 345–355

https://doi.org/10.24891/re.17.2.345

Koreva O.V. Orel State University named after I.S. Turgenev, Orel, Russian Federation
olga_koreva@mail.ru

https://orcid.org/0000-0001-6394-6512

Sivtsova V.A. Orel State University named after I.S. Turgenev, Orel, Russian Federation
sivtsova.viktoriya@yandex.ru

ORCID id: not available

Subject This article discusses the ecological problems in agricultural production and issues of introduction of innovation into agricultural production on the basis of organic farming.
Objectives The article aims to analyze the peculiarities of the development of organic farming in Russia and problems of its investment and innovative support.
Methods For the study, we used the methods of logical and statistical analyses.
Results The article shows that the demand for ecologically clean products in Russia is satisfied by no more than 30 percent.
Conclusions In Russia, the organization of agricultural production on the basis of biotechnology is in the formative stage. In modern conditions, the effective development of organic agriculture on an innovative basis directly depends on the size, structure and area of investment. The organic farming market is attractive to investors because of the high return on investment and growing demand.

Keywords: organic farming, agricultural products, ecologically clean products, innovative and technological development, agriculture

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