Current Status of Resource Potential of Agriculture in the South of Russia

This paper contains the evaluation of agricultural resource potential; the main factors affecting the agricultural production and the agricultural market in the region. The authors have revealed the reserves to increase economic efficiency of subjects of agro industrial complex. Multiplicative change has been defined and the factors influencing the stability and efficiency of the organizational-economic mechanism of agribusiness have been identified. The data from the database of regional Ministry of Agriculture are used for the analysis. The research covers the period of 2010-2014. The analysis showed a high potential of the development of agribusiness in the region. The paper emphasizes that there has been a steady tendency of improving of production efficiency in agribusiness. The authors conclude that agribusiness needs the support of the regional government bodies to stimulate the introduction of intensive energy-saving technologies, to reduce the deficit of production capacity for the storage and processing of agricultural products; to ensure the inflow of qualified personnel in agribusiness organizations, to make financial resources more accessible, to increase amount of grant of financial support of medium and small agricultural organizations, to create a long-term program for the implementation of intervention policy in the agricultural market.