Modeling the Expansion of Agricultural Markets

This research aimed to develop methodological approaches that can be applied by agricultural entities to select economic activities in the context of effective and efficient foreign economic cooperation. Based on scenario forecasting, the Republic of Bashkortostan's possible agricultural output...

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Published in:Montenegrin journal of economics 2022-04, Vol.18 (2), p.127-141
Main Author: Lukyanova, Milyausha
Format: Article
Language:English
Subjects:
Agricultural production
Agricultural research
Agriculture
Cooperation
Economic activity
Economic development
Economic growth
Economic reform
Exports
Food
Global economy
Industry analysis
International economic relations
International trade
Product lines
Raw materials
Regions
Strategic planning
Suppliers
Supply chains
Sustainable development
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creator Lukyanova, Milyausha
description This research aimed to develop methodological approaches that can be applied by agricultural entities to select economic activities in the context of effective and efficient foreign economic cooperation. Based on scenario forecasting, the Republic of Bashkortostan's possible agricultural output was calculated. If the potential is fully realized, exports of farm products could increase by $108.3 billion or 68,1 % by 2024. A mechanism for agro-food producers to overcome external and internal market barriers by choosing strategic export products in the region was developed. This will help users predict possible problems of entering foreign markets, estimate the accessibility of a particular market, and the feasibility of foreign economic activities. A step-by-step assessment revealed challenges in formulating the agricultural products export policy for the Republic of Bashkortostan. The identified hurdles require government intervention so that agricultural producers and state authorities can jointly address the challenges.
doi_str_mv 10.14254/1800-5845/2022.18-2.12
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subjects Agricultural production
Agricultural research
Agriculture
Cooperation
Economic activity
Economic development
Economic growth
Economic reform
Exports
Food
Global economy
Industry analysis
International economic relations
International trade
Product lines
Raw materials
Regions
Strategic planning
Suppliers
Supply chains
Sustainable development
title Modeling the Expansion of Agricultural Markets
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