Year: 2024
Type: article
Abstract: The prospects of the food and agro-food sector in the structure of the economic management system are related to global and national trends in the development of agriculture, food industry and effective management of these industries. The growing demand for environmentally friendly products forces companies and farmers to implement sustainable production methods. This includes reducing greenhouse gas emissions, using water and resources efficiently, and moving to organic agriculture. Environmental standards are becoming important in ensuring the competitiveness of products on the domestic and international markets. Automation and digital technologies are rapidly penetrating the agri-food sector. Precision farming technologies, artificial intelligence, drones and satellite systems allow for increased production efficiency, improved resource management and reduced costs.In addition, digital platforms help to optimize supply chains and improve interaction between market participants. There is an increasing focus on food safety due to increased regulation by governments and international organizations. This requires agri-food businesses to invest in quality control systems and meet international standards such as HACCP. The increase in the export of food and agricultural products is an important factor in the economic development of many countries. This requires diversification of sales markets, improvement of logistics infrastructure and adaptation to the requirements of foreign markets.In addition, supporting local producers through government subsidy programs can strengthen the domestic market. The concept of a closed-cycle economy involves minimizing waste and maximizing the use of resources at each stage of production. In the food sector, this may include using waste as raw material for fertilizer or energy production. Small and medium-sized businesses in the agri-food sector can play an important role in ensuring food security and sustainable development of rural areas. Government support programs, access to finance and educational programs can help strengthen this sector. Climate change directly affects the food sector, causing unpredictable weather conditions that can reduce harvests and increase the risk of production losses. Adapting to these changes requires the introduction of new technologies, genetically modified crops, and risk management programs. At the global level, more and more attention is being paid to food security - ensuring a stable food supply. This includes the development of the agro-industrial complex to reduce dependence on imports, increase food reserves, and develop infrastructure for storage and transportation
Source: Actual Problems of Economics
Language: English
Subfield: Agronomy and Crop Science
Domain: Life Sciences
Open Access status: diamond
OpenAlex ID: W4404284127