EVALUATION OF THE CONDITION AND ECONOMIC DEVELOPMENT OPPORTUNITIES OF THE AGRICULTURAL SECTOR IN THE NORTH-CAUCASIAN FEDERAL DISTRICT

Abstract

The distinctive feature of the North Caucasus Federal District (NCFD) is the
predominant economy orientation of its eight regions to agricultural production. The evaluation
of its condition and a comparative analysis of the use of available agricultural resource potential
showed the following. Incentive measures which have been taken at the federal, regional and
local levels in recent years have not neutralized the negative economic and social trends yet.
With the general comparatively low efficiency of the agricultural economy of the District, one
can notice significant differences of interregional nature. Mostly it is caused by both the
specifics of the accumulated natural resource potential here and the degree of rational
management. Their analysis is necessary for the identification and practical implementation of
the unused reserves of economic development in the agricultural sector of the regions in the
North Caucasus Federal District.