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Russian Agriculture during Transition: Performance, Global Impact, and Outlook
Author(s) -
Liefert William M.,
Liefert Olga
Publication year - 2012
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1093/aepp/ppr046
Subject(s) - restructuring , agriculture , commodity , transition (genetics) , consumption (sociology) , economics , business , production (economics) , economic system , economic policy , market economy , macroeconomics , finance , ecology , social science , biochemistry , chemistry , sociology , gene , biology
In the 2000s, Russia emerged as a major player in world agricultural markets, on both the supply (mainly grain) and demand side. This article examines Russia's agricultural transition experience, which has resulted in a complex system of diverse producers and institutions, as well as uneven performance. Using a model of transition agriculture, the article explores how key reform policies drove systemic change and commodity restructuring, and how the ensuing changes in the production, consumption, and trade of goods have affected world markets. The article also assesses the performance of Russian agriculture during transition, and provides an outlook for the future.