ROLE OF PRIVATE SUBSIDIARY FARMS IN THE DEVELOPMENT OF AGRICULTURE AND OF RURAL AREAS

Abstract

The article reveals the essence of private subsidiary farms, analyzes their activity and specifies the role of private subsidiary farms in agricultural development of Novosibirsk region and their share in agricultural production. The authors consider private subsidiary farms and efficient application of regional potential to be the important direction in sustainable economic growth of agricultural production. Accelerated development of private subsidiary farms can be a factor of import substitution under modern economic conditions and sanctions as minimal investments can lead to the product of industry. Private subsidiary farms are the part of agricultural economy as they supplement the list of agricultural producers and contribute to solving the industrial problems because they act as producers and consumers of material values.