The domestic agricultural industry remains an "island of stability" in the current economic structure. Over 35 thousand agricultural enterprises and more than 130 thousand farms operate in Russia. Russian land owners continue to achieve even higher results, with a grain crop of 118 mln tons harvested in 2016, setting the record in post-Soviet history. Plus, an additional window of opportunity opened for domestic manufacturers in relation to the so-called "food sanctions." According to the Ministry of Agriculture, since the product embargo was signed into law, the import of agricultural products has decreased by a factor of three, from 60 to 20 bln dollars, and the share of domestic food products has reached 80–90% in retail.
The Government has set the goal to completely satisfy domestic demand for basic food products through domestic manufacturing alone; over 200 bln rubles is allocated for agroindustry support from the budget. In addition, the sector also has its risks, generally related to the extensive growth of farms instead of investments in technical upgrades and the implementation of new technologies. Innovative fertilizer types and seed materials are significantly less popular than in other leading agricultural countries. In order to continue the sector's successful development, it is necessary to lift restrictions on technology transfer, decrease the cost of production and cut expenses.
Examples of industry projects implemented by the Agency of Technological Development:
- Manufacture of innovative agricultural equipment
- Localization of manufacturing technologies for sugar beet seeds with support from the seed production and selective base
- Manufacturing of analogues of a series of foreign fish-processing devices