Agriculture: The Results of the Second Year of the Pandemic

Natalia I. Shagaida – Director of Center for Agro-Food Policy of the Russian Presidential Academy of National Economy and Public Administration; Head of Agricultural Policy Department of the Gaidar Institute for Economic Policy, Doctor of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Denis S. Ternovskiy – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences, Associate Professor (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Despite the fall in the physical volume of agricultural production and exports in 2021, the excess of 2020 figures in value terms stood at 17.1% and 21.3%, respectively. The main contribution to the change in production indicators was made by a 9% decrease in the grain harvest. Losses in the production of vegetables and potatoes were fully offset by the growth of the production of oilseeds and sugar beets. The growth of livestock production was insignificant. The structure of the cost of agricultural production in comparison with the sources of resources allows us to conclude about the risk of its growth in the event of rising prices on the foreign market and the ruble depreciation in 2022.

Key words: agriculture, agricultural production, agricultural products, production cost of agricultural products, prices on agricultural products, sources of inputs.

JEL-codes: Q11, Q17, Q18.